Practices For Sale

Ref# 5085

Status: New

Location: Ontario

Gross Revenue: $653,247

Appraised Value: $1,419,550

Asking Price: $1,419,550

Cash Earnings: $202,133

Brampton

A spacious practice located in a high traffic, retail plaza in Brampton is available for purchase. The plaza was built in 2010 and in addition to the dental office there is a medical clinic, optometrist, medical spa and pharmacy, among other tenants. The dental office is ground floor and wheelchair accessible, with excellent signage and visibility. It was established in 2019 and enjoys exclusivity for dentistry in the plaza.

The current lease term runs to June 30, 2029 with two 5-year renewal options and no demolition or relocation clauses. The practice is a generous size of almost 3,000 sq. ft. and contains 6 operatories, of which, 5 are fully equipped. Additionally, there are 4 private offices for consults, associates etc. Topping it all off is a boardroom which would be ideal for study club or even the possibility of an ortho suite. Because this is such a large corner office there are several entrance points to the practice.

Inside, the practice is modern, attractive and well appointed. The current owner makes use of up-to-date technology, including a CEREC and CBCT pan. The practice management software is Tracker. The owner’s spouse serves as the associate in the practice. Additionally, they own a second practice in Milton and divide their time between the two locations. At the subject Brampton practice, there are intended to be 4 days of dentistry and 4 days of hygiene each week. Unfortunately, due to the serious illness of a close family member in India, the practice owner has been spending extended periods of time there to the detriment of the subject practice, as the one dentist has to cover both locations. The result is that hygiene has been dominating the overall production recently, representing 75% of the total.

While the practice averages $700K annually, a practice of this size in this location has the capacity to handle much more, which will undoubtedly happen with a new, more committed owner, and the practice could easily accommodate two or more dentists.

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided to within 48 hours of your request
  • A confidential Open, by appointment, will be held on Sunday, July 7th
  • The full appraisal will be provided 2 days prior to the Open to those who have booked an appointment to see the practice.
  • Offers will be due on or before Friday, July 19th
  • The vendor’s preferred closing date is August 30th

For more information, or to book an appointment to see the practice on Sunday, July 7th, please contact Bill Alton, Sales Representative.

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