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ON – London Area Family Practice
Listing #965

Take advantage of a more relaxed life style by exploring this excellent opportunity to own a well-established family practice outside of the hustle and bustle of the GTA. A Monday to Friday work week with a large patient base, with huge upside potential.

With almost 1,800 patients seen in the past 12 months, and almost 2,600 patients seen in the past 24 months, there are enough patients to keep an owner operator busy. The practice billed approximately $347 per patient per year in 2016, compared to the average practice at $665, suggesting significant upside revenue potential.  Because the practice does not use practice management software, the relative contribution of hygiene and dentistry to the billings is unknown, but it is certain that both lag well behind normal levels.

With approximately 26+ referrals per month to various specialists an owner operator could easily take advantage of this and take the practice to the next level by keeping these procedures in house.

The facility is also for sale, and includes 2 equipped operatories, a staff room and a doctor’s private office, in a total of 1600+ square feet. There is plenty of room for one or more additional operatories, and the asking price provides the economic flexibility to add at least one, right away.

The bonus with this practice is that it affords you the opportunity to be your own landlord, so that you can dispense with messy, costly lease negotiations, as the building is being offered for sale with the practice.

The vendor would like to retire, but will entertain a transition period, if the purchaser would like.

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