For Sale: Profitable Rural Dental Clinic in Northwestern Ontario

For Sale: Profitable Rural Dental Clinic in Northwestern Ontario Introduction

We have a highly profitable rural dental office for sale in the Dryden-Kenora area of northwestern ON. In 2024, our clinic generated an impressive $855,000 in dentist compensation and pre-tax earnings without any broker adjustments to boost profitability. This is a 11% increase from 2023, when we generated a net revenue of $770,000. Gross revenue is in the $1.2M range. Our operating expenses are low thanks to minimal rent and lean staff costs. All staff have signed written employment contracts. Our clinic has a large patient base and a high influx of new patients. Over the past 24 months, we’ve seen ~1900 unique patients. In the last 12 months alone, we welcomed ~490 new patients, an average of 40+ new patients each month. Our patients are well-insured by institutional employers. We maintain a virtually non-existent accounts receivable balance, with under $500 in AR over 30 days. We focus almost exclusively on bread and butter dentistry. Diagnostic, preventive and restorative procedures account for 80% of billings. Orthodontics, molar endo, fully impacted wisdom teeth and implants are all being referred out. This means our production numbers are easy to reproduce and leaves tremendous potential for expanding services and boosting revenue. Our office operates 4 days a week to maintain our work-life balance, no evenings, no weekends. A new owner who’s willing to adding an extra day would further increase profitability. Additionally, we are the only clinic in town with almost zero competition. The nearest dentist is 70km away. Our landlord is the township government who is eager to support its dental clinic with a stable long-term lease. The clinic is appraised at $1,748,000 based on 2023 numbers. We are reducing the asking price by $250K to $1.5M in a private sale despite our substantially stronger 2024 performance. With annual earnings of $850K, a new owner-operator could pay off the clinic in just two years while still taking home $100K annually. The clinic can operate profitably as an associate-driven practice with proper supervision. The price is negotiable, we are open to counter offers as we are motivated to sell. We are prepared to work with you to ensure a smooth transition and continued profitability. We also have available living accommodations in town. If you are sick of competition and high overheads in the city, contact us to elevate your career with a profitable rural practice. Email: [email protected]