Calling all Oakville area practice owners (or those looking to set up a new facility in the area)! This is a great opportunity to buy a practice with a high-quality patient base, that needs to be relocated within the next 3-4 years.
This well-established practice has been in its current street front location on a major thoroughfare in Oakville for over 20 years. It includes 4 operatories, a sterilization area, lab, pan area, consult room, staff room, and private office for the doctor, all in ~1,400 square feet. The practice has been well maintained over the years, including many pieces of equipment less than 5 years old.
The practice has a strong hygiene program in place that goes hand in hand with the conservative, preventive oriented philosophy of the practice. And what happens when you have a practice with conservative dental billings? You get a great opportunity to take advantage of the approximately 25 per month outbound referrals, by bringing these procedures in house and increasing your dental revenue. Do you enjoy doing endo? It’s currently referred out. Do you enjoy ortho work? It’s currently referred out. Do you enjoy extractions or implant placement? You get the point..it’s currently referred out.
The practice has 1,200 patients, with an 89% hygiene compliance rate. They are also primarily non-assignment, collecting assignment for only ~15% of patients and as a result the AR is incredibly low.
While the current lease has 3.5 years left remaining on the current term, there are no additional renewal terms, and the practice will need to be relocated in that time. The good news is this gives you a good amount of time to get to know patients in the current location before transitioning them over to your existing practice (or it gives you 3 years to build out a new space in the area to your liking to move the patients and equipment to).
While the vendor is looking to slow down a bit for lifestyle reasons, they are happy to stay on for a transition period, working 3-4 days/week for 1 year possibly more. With this kind of transition, and with an above average hygiene program, and upside potential on the dentistry, there is below average revenue risk as well as the opportunity to enhance revenues in the future. This is not an opportunity to miss!
If you would like further details, please complete the enquiry form below and contact Jennifer Blair at 416-576-1427 (Jennifer.firstname.lastname@example.org) or Jim Blair at 416-575-3890 (email@example.com) with any questions. Appointments to see the practice will be scheduled on Sunday November 20th.