IF YOU HAVE BEEN WAITING FOR THE RIGHT OTTAWA AREA PRACTICE PURCHASE OPPORTUNITY THIS IS THE ONE THAT CHECKS ALL THE BOXES!!!
GREAT HYGIENE, GROWING PATIENT BASE, HIGH CASH FLOW, AND ROOM TO EXPAND ALONG WITH A VERY DESIRABLE GROWING COMMUNITY.
This is THAT RARE opportunity to buy a practice THAT HAS IT ALL: terrific cash flow, negligible AR, 90% of the patients have insurance, and 90% are on hygiene recall compliance!!! BUT THAT’S NOT ALL, the practice also refers out approximately 360 specialty cases per year!!
This practice is very well located in a very desirable suburb of Ottawa within a retail/residential/commercial area, with plenty of free parking. The vendor currently works only 4 days per week, no evenings or weekends, and the practice is only open 1 Friday per month. The practice has seen more than 3100 patients in the past 12 months and regularly sees over 300 new patients per year. The owner’s conservative approach to dentistry also affords any buyer the opportunity to increase the level of specialty procedures being done in the practice.
This well-located and well-laid-out practice boasts approx. 1900 ft2. with 5 fully equipped operatories, a private office, a sterilization area, a lab area, Pan Area, and a staff room. The current lease runs until May 2027 and there are two 5-year renewal options in place with very favorable rent terms and no demo clause. And that’s not all: the space next door is currently vacant and has been secured for a new buyer should they wish to expand as the current owner is holding the space for a nominal fee of $1,500/month.
The vendor currently works 4 days a week. Post-sale the owner wishes to work part time, either 2 full days, or their preference would be 4 mornings per week for approximately 12 months. This will allow a new owner to step in and begin to develop relationships with the patients and staff and ensure a smooth, gradual transition
Don’t delay if you think this checks all your boxes! This practice will be in very high demand. There will be an opportunity to book an appointment to visit this practice on Sunday June 4th, 2023. Letters of Intent will be due no later than Monday June 12th @ 5pm. Please contact email@example.com to schedule a showing today. If you have any questions don’t hesitate to contact Neil firstname.lastname@example.org or Bernie email@example.com .