Southwestern Ontario Practice & Property

Hill Kindy is delighted to offer this opportunity to own a well-run, modern dental office and its property in Lambton County, Ontario.

The Practice is situated along a major arterial road, with high volume traffic and good visual exposure.  The 2,400 square foot stand alone facility is equipped with 4 + 1 operatories, an enclosed administration area, Private Dr. Office, lab room, sterilization room (plumbed for 5th op), Pan area, staff room, storage room and more.

The practice currently has around 2,400 active and loyal patients and is grossing about $885,000 a year with 39% of production coming from hygiene services alone.  The Net Profit of the practice after paying the dentist is about 27% of the gross revenue which equates to $227,000+.

The practice receives an average of about 100 net new patients a year, primarily by word of mouth, patient referrals, and street visibility.

The Subject Property for purchase contains two, one-story buildings, each single tenant.  The first is the Dental office; The second is a building that has been rented out to the same tenant for many years.

Additional Features Include:

  • Healthy post-COVID recovery
  • Wheelchair Accessible Facility
  • 75% to 80% Insured Patient Base
  • Plenty of free parking
  • 45% of overall production is Restorative
  • Referring out a lot of Ortho, Endo and Surgery (including all implants)
  • Owner will assist with a transition period, to be negotiated

Practice and Property Appraisals, as well as a 3D tour of the Practice, are available upon request.

IMPORTANT INFORMATION

Showings to be held Sunday January 30, 2022, by appointment only, available to those who have first reviewed the appraisal and 3D Tour.

Letters of Intent are due by 12:00pm on Thursday February 3, 2022.

Listing brought to you by: Derek Hill, CPA., CA., Broker of Record.  For additional information, please reach out to our office at info@hillkindy.com

Status:Offer Registered EBITDA:$227,000 +/- SQFT:2,400 +/- Gross Rev:$885,000 +/- Appraised Value:$1,365,000 Practice + $800,000 Property Hygiene hours per week:64 Number of Operatories:4+1 Patients (active):2,400 Patients (new):10/month

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