Practices For Sale

Ref# 4800

Status: New

Location: Ontario

Gross Revenue: $1,547,448

Appraised Value: $2,385,560

Asking Price: $2,400,000

Cash Earnings: $715,465

Southwestern Ontario

It’s time for us to turn the tables and produce a smile on a dentist’s face. We are incredibly proud to present you with a lucrative general dental practice located only 45 minutes west of Toronto in one of the most sought after and fastest growing cities in all of Canada. This well established, thriving practice represents the perfect investment for any savvy dentist looking to own a profitable practice that checks all the boxes.

Established over 20 years ago, this practice benefits from servicing a wealth of over 3600 active patients while consistently growing at an encouraging pace of 30 new patients added monthly. These are high quality patients as this is a non-assignment practice, maintaining remarkably low outstanding account receivables.

Several years ago, the owner had the opportunity to move the practice into a newly built plaza that enjoys a long list of brand name neighboring tenants. The plaza is fully occupied and constantly busy, and the dental office enjoys exclusivity of this active plaza for the remainder of its lengthy current lease term. The lease provides an extensive tenure of a current term leading into 2033 plus two additional five year renewal terms leading into 2043.

This flourishing practice most recently produced revenue of roughly $1,547,448, offering impressive cash earnings of $715,465.   Notably, 40% of the production is derived from four employed hygienists and all employees of the practice are on written contracts. Exceptionally noteworthy are the 65 services that are referred out monthly that can be kept in house to further boost production for the next fortunate owner.

The practice is impeccably designed and visually appealing. Spanning roughly 2,500 sq. ft., six spacious operatories are fully equipped, with beautiful glass enclosures throughout.

The current owner has enjoyed practice ownership for the last 20 years, but is ready for the next phase of his career and welcomes the opportunity to continue as an associate of the practice moving forward.

Highlights include:

  • Excellent roster of over 3,600 active local patients. 30 new patients added monthly
  • EBITDA of roughly $360,000
  • The ratio of dentists to population is extremely advantageous
  • Ample and free parking
  • The recently built plaza is fully occupied by all name-brand tenants
  • Roughly 40% of the production is hygiene based

Additional Purchaser/Advisor Information:

  • A practice profile will be available upon request
  • An open will be held (by appointment only) on Friday, September 9th, 2022, between 3PM-7PM, or on Sunday, September 11th, 2022
  • The Appraisal will be distributed by email request on Tuesday, September 13th, 2022
  • Conditional offers must be submitted by Friday, September 23rd, 2022, at 4:00PM
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

 

For more information, please contact Doron Eisenberg, Sales Representative.

 

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