With $1.8 million in annual revenue and 3,600 patients, both steadily trending upward, this practice has limitless potential for growth. Exceptional service, a solid reputation in the community and a high patient to dentist ratio typical of a non-urban area have all contributed to a loyal patient base with remarkably low patient turnover. Despite no marketing efforts, this bustling office is so popular, it purposefully restricts new patient flow, accepting only a select 240 in the last year. All a purchaser needs to do, is open the floodgates and new patients will be lined up down the street.
There is also considerable potential for incremental revenue within the existing patient base due to unmet demand and a high propensity for outbound referrals. Despite a 90% hygiene compliance rate, patients on average are receiving 15% less hygiene and 30% less dentistry than a typical practice, creating huge growth potential for a purchaser. The vendor estimates that about 60 patients are referred out of the office each month, 25 surgery cases alone! Simply expanding provider hours and keeping a wider scope of services in-house could yield an impressive return for a business-minded purchaser.
With 7 equipped ops and 2 more plumbed and wired, along with ideal exposure for new patient flow, this stunning facility is ready for expansion. The property is also for sale along with the practice, creating predictable, long-term tenancy for a purchaser and avoiding the damaging impact of egregious lease terms. Situated in Huron/Grey/Bruce County, the area is known for its spectacular scenery, outdoor recreation, safe community atmosphere, and laid-back way of life.
Committed to the success of the purchaser, the vendor is open to a flexible transition to ensure the smooth transfer of patients and staff. This practice is a must see!
In-person and virtual showings are being scheduled for Sunday, May 28, 2023.