Practices For Sale

Ref# 5082

Status: Available

Location: Ontario

Gross Revenue: $1,012,320

Appraised Value: $1,112,490

Asking Price: $1,112,490

Cash Earnings: $565,277

Scarborough

Disclaimer: This is a predominantly Chinese patient-based practice and might not be suitable for all buyers.

The practice was purchased in 1991 and relocated to its present address in 1997, so it is a well-established business. It is 1,040 sq. ft. and contains 3 operatories plus a business office, private office, and staff room. There is no Pan. The lease runs to October 2027, so a renewal would have to be negotiated.

The practice is in a small, stand-alone, low-rise, 3-business commercial plaza on a main street in Scarborough. In addition to the dental practice, there is a medical clinic and pharmacy. The office enjoys exclusivity for dentistry in this small plaza. There is ample free parking at the rear of the building, and the dental office is wheelchair accessible. The practice was renovated in 2023 and shows very well. It is bright, with natural light, clean, tidy, and well-maintained. Total rent is reasonable, at less than $4,000 per month.

This is a family practice which is open 5 days per week. There are 5 days of dentistry and 2 days of hygiene each week, but the associate does his own hygiene. The owner works 3 days per week and the associate 2 days. Gross production in 2023 was >$1MM. Since the practice is well established, it is not surprising that over 50% of production comes from hygiene.

The clinic enjoys excellent cash flow despite the fact that the dentists take 8-12 weeks of vacation each year and many procedures are referred out. Over 3,700 patient visits occurred in the past year, and the practice still gets an average of 13 new patients per month. Additionally, very few social service patients are seen.

This excellent practice would be most suitable for an ethnic Chinese dentist. If you are in that category, this presents a wonderful opportunity.

Highlights of this practice include:

  • A profile of the practice will be provided to interested parties who have completed a ROI Corporation confidentiality agreement.
  • The full appraisal will be provided to those who book an appointment to see the practice. Due to the ethnic nature of the practice, an Open is not planned but appointments will be scheduled as required.
  • 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 or to schedule an appointment, please contact Bill Alton, Sales Representative.

 

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