Ref# 5063
Central Toronto
ROI Corporation is proud to present this excellent opportunity for a new owner. The new owner will benefit from an asset sale, which rarely happens in today’s market.
Opened in 2007, this office has 3 operatories with room for a 4th. Spanning 1,230 square feet, this beautifully designed office is located in a store front premise. The lease runs until 2038. While there is a demolition clause, it requires a 2-year notice and the landlord has expressed willingness to explore options further with the new owner.
Located in a well-established neighborhood, the practice draws 18 new patients monthly with minimal advertising. There continues to be opportunity for expansion as the clinic offers only 18 hours of dental and 36 hours per week of hygiene, boasting a hygiene program of 38%. The office, while staffed with a receptionist, does not see patients on Thursdays and Saturdays which means all the new residential development in the area will result in further growth. Opportunities abound in this clinic!
Currently, an associate does work in the practice, but a new owner will take this clinic to the next level with a good marketing plan, working with the 3 hygienists to treatment plan and being available to book same day dentistry. Billing just under one million dollars with approximately 1,100 active patients in the past 24 months provides an excellent foundation for further success. Starting a practice today will easily cost $750K and can easily end up at $1M. Then you need to invest more time and money to hopefully breakeven in 12 to 18 months.
Highlights of this practice include:
- 3 fully equipped operatories with room to expand
- Business office, Staff room/lab, private office
- Assignment practice
- Uses Tracker software and Recall Max
- Located in a beautiful, modern healthcare plaza
- Setup is fully digital (charting & x-rays)
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- A Confidential Open (by appointment only)
- The Appraisal will be distributed to qualified purchasers
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review