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Listed by:

Silver Star Captital

Established And Growing Dental Practice in Sherwood Park For Sale

Sherwood Park, Alberta, Canada
Asking Price:
$1,850,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,156,631 (CAD)
Cash Flow:
$250K - $500K (CAD)

This well established private dental practice offers general family dentistry in one of the fastest growing suburbs outside of Edmonton.

Owned and operated by the dentist since 2016, this clinic has maintained a solid, active patient base of approx. 2100 annually. Ideally located in a major mall, the clinic is surrounded by retail businesses, has good exposure and great foot traffic.

The practice is open 6 days per week and provides general family dentistry, including services such as dental implants, teeth cleaning, exams, x-rays, restorative procedures and preventative care.

The practice gains approx. 30 new patients per month with no advertising budget in place.

With 7 operatories and located in a community which has shown steady growth over the past 8 years, management believes this is an excellent opportunity for a dentist(s) wishing to expand their business or scope of practice or a dentist(s) looking to start their own practice

Property Information

Real Estate:

Lease

Lease Terms:

Current lease is in place until August 2026
Base rent is $32.00 per sq. ft
Total rent is $67.36 per sq. ft.
The existing lease can be extended for an additional 10 year term

Leasehold Rent:

$192,000 (CAD) per annum

Lease Rent:
$67 (CAD) per sq ft per annum
Location:

Sherwood Park, Alberta

Premises Details:

The practice operates out of 2850 square feet, housing seven fully equipped operatories, a sterilization and lab area, x-ray room, office for the doctor, a reception area, a lobby, waiting room, staff room and kitchen and washroom.
The facility has had a recent upgrade in 2022 with all new leaseholds, including the addition of 4 fully equipped new operatories and a new computer system. The newly designed renovation provides superior in-office traffic flow which allows for better patient privacy and patient flow.
The offices are well decorated with a modern look and feel, the premises are bright, clean, and filled with warm neutral colors. The waiting area has a play area for children and a large screen television for the patients while they are waiting.
The company has been at their current location since May 2016 and has a Triple Net lease with Primaris Management Inc. until Aug 2026 which can be extended for an additional 10 years

Business Operation

Expansion Potential:

Potential to double revenue since it is located in a fast growing family community.
The practice has 7 operatories and new equipment which would easily accommodate an associate or partner

Competition / Market:

There are numerous dentists within the community however this practice has a competitive advantage since it is a general family dentistry combined with restorative procedures

Reasons for selling:

The Doctor enjoys working with his patients however would like to take some time to focus on his family and other ventures

Trading hours:

Monday through Friday 11;00AM to 8:00PM
Saturday 11:00AM to 5:00PM

Employees:
8 including the doctor
Years established:
2016

Other Information

Support & training:

The doctor will stay involved for a minimum of 1 year and up to 5 years under mutually acceptable terms
The Dental Assistant (spouse) will stay involved for a minimum of 1 year and up to 3 years under mutually acceptable terms

Furniture / Fixtures value:
$1,095,000 (CAD) - included in the asking price
Inventory / Stock value:
$60,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.