Rarely, does an opportunity come along, when a vendor in the prime years of his career is looking to sell, and still willing to stay on at his current schedule to help maintain the goodwill in the practice.
The vendor needs to sell the practice due to matrimonial related financial issues, however as he still needs to continue working a full schedule as an associate, you can count on him to maintain the current patient base, reducing risk – from the patients’ perspective, they will still be seeing the same dentist and staff that they trust. If you prefer to work in the practice yourself, the vendor would then move on to associate somewhere outside the Kitchener Waterloo area.
The practice has a strong hygiene program on a stable patient base, and low staffing costs, all of which add to the practice’s profitability. The practice has seen almost 1,100 patients in the past 12 months, with 975 of those coming in for at least one or more hygiene appointments – that is a 91% compliance rate!
If you add an improved marketing plan to the existing high visibility plaza location and a dentist freed from the distractions of ownership/management, there is even potential for meaningful growth.
This 1,582 sq. ft. family practice has been in its present location for 12 years in a largely residential area with ample free parking for patients. There are three operatories, plus a fourth that is plumbed and wired but currently used for storage, allowing room to expand as the practice grows.
The full practice appraisal is available to those individuals with a Confidentiality Agreement on file with us. PLEASE NOTE: practice showings for this opportunity will be held within a short time period during the evening of Thursday, April 6th.