PRACTICE FOR SALE

TYPE OF PRACTICE:                General Family Practice

LOCATION (GENERAL):           Victoria, BC (Oak Bay Area)

PRICE:  Practice:                    $710,000  (Shares)

Purchaser to assume new equipment leases

Building:  Two strata units – Unit #1 - $675,000

                                                 Unit #2 - $315,000

Total Strata Units:                                    $990,000 (Shares)

Purchaser to assume mortgage

Total Practice and Strata Unit:       $1,700,000 (Shares)

UNAUDITED GROSS BILLINGS:                           $ 1,252,759 – last twelve months billings

ACTIVE PATIENTS:                                           1,900 (approx.)

NEW PATIENTS PER MONTH:                             30

PREMISES:       AMOUNT OF SPACE:           2,000 sq. ft. (approx.)

                        MONTHLY GROSS RENT:  Purchase opportunity for strata units

AGE OF PRACTICE:                                           15 years in area – 9 years in current location (building is 9 years old)

OPERATORIES (#):  5         EQUIPPED:         5

DAYS PER WEEK:               Five – Monday to Friday

STAFF:

Number

Days per Week

Receptionist/CDA

2 + Office Manager

2-5/1-4

CDA

4

2 p/t – 2 f/t

Hygienist

2

5.5

Associate

2

1-3/1-2

OTHER:  Fantastic family practice in desirable Oak Bay area.  Great staff make this an enjoyable work environment.  Owner works part time – 3 days per week.  Potential for growth.  Owner retiring and will stay on for a successful transition period.  Strata units available for purchase – great investment opportunity given the increasing land values and long term desirability of Victoria real estate.  A minimal down payment and it carries like rent.

For additional information contact:

Al Heaps 

604-644-6297

Ruth Chatel 

604-220-4830

Henry Doyle 

604-724-1964

aheaps@telus.net

rchatel@shaw.ca

henry.doyle@shaw.ca

Fax:  604-688-1058