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Sale Structure: Share Sale
North York (Sale of Goodwill)
After a long and rewarding career our client has chosen to step away from dentistry to enjoy retirement and pursue alternative interests. The subject practice has had the good fortune of serving multiple generations of families in an affluent community where it has been an endeared fixture for 60 years. The owner and their father before them have been principal providers throughout this time and owing to the practice being located in a principal residence the sale of goodwill was only inevitable.
In close proximity to Toronto’s most prestigious neighborhoods and along one of the cities principal routes, only a 1 minute drive to the 401 the existing office sits in the shadow of one of the country’s most prestigious shopping centers and in turn has always had a steady flow of patients with the means to subscribe to an elevated level of dental care.
Revenue has been consistent for decades with a slight drop of late as the vendor has slowly started reducing hours in line with the planned retirement. This opportunity will speak to established owners in the area that have the capacity to welcome and realize the opportunity that approximately 870 conservatively treated patients can yield.
Highlights of the practice include:
- Approximately 870 active and loyal patients
- Average monthly production of approximately $50,000
- Approximately 40% of production is hygiene
- 85% of patients have insurance coverage
- Numerous outbound referrals that most GP’s would keep in house.
- The practice is made up of high dental IQ patients respecting traditional appointment hours (9 – 4 Monday to Thursday)
This is the perfect opportunity to add instant revenue in this competitive dental region.
If you are interested in learning more about this opportunity, please contact Rob Spillane.