Practices For Sale

Ref# 3041

Status: Sold

Location: Ontario

Gross Revenue: $470,630

Appraised Value: $650,930

Asking Price: $750,000

Cash Earnings: $169,630

Richmond Hill, Ontario

This is a well-established 4-operatory practice (3 equipped) situated in a medical professional building in a high-growth neighbourhood in Richmond Hill. Immediately adjacent to the building is a large plot of land that has been cleared for development. The practice vendor advises that over 800 new homes are scheduled to be built there.

The practice consists of 1,203 sq. ft. It was built in 1990 and beautifully renovated in 2010. The x-ray system is digital and includes a panoramic x-ray unit.

The patient base is predominantly Cantonese and Mandarin speaking but the ethnicity of the surrounding area is very mixed.

Annual production is approximately $500,000 based on only 3 days of dentistry per week. The vendor commits some of his time to a second practice in Oakville where his daughter is the primary dentist.

An Open is scheduled for Sunday, May 3rd, 2015.

For more information or to book an appointment, please contact Bill Alton.

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