Ref# 5094
Downtown Toronto
Owning a well-established dental office with loyal and committed patients is highly valuable in terms of goodwill. Our client enjoys more than 50% net profit, which is exceptional for a Toronto office. Our client is selling for retirement purposes but will stay on for as long as the new owner wishes to ensure a smooth and successful transition. They are motivated to find the right person to take over this stable and profitable practice. Ensuring patients transition to the right person is key to our vendor.
Located in the heart of the City, within walking distance of Yonge-Dundas Square, the Toronto Eaton Centre, and the Art Gallery of Ontario, this office has existed in the same location for over 30 years. The office is primarily restorative and serves patients on a comfortable schedule of 33 hours per week. Proudly serving close to 900 active patients, this two-operatory office has the potential to grow with room for a third operatory.
The patients who visit this generational practice are multicultural in background. Predominantly between the ages of 25 and 60, while new monthly patients average 10+ per month, patient retention is a significant strength in this office. Scheduling is another strength of this business with 95% of recall patients attending every 3 months. As the owner-operator, our client is booked out 8-10 weeks. Our client is on track to bill over $1,000,000 for this fiscal year. Revenue has increased simply due to our client taking less vacation, amounting to only 2 weeks this past year.
Presently, the office has, in addition to the owner, a receptionist and assistant making up the team. Our client chooses to do their own hygiene. The clinic is entirely digital utilizing Paradigm by LogicTech. This is an assignment office where most patients have comprehensive coverage. There are no social service patients.
Our client has reported that the landlord has always been good to work with. The lease has one more year left, but our client confirmed the landlord will provide more terms and renewals. There is no demolition clause, and the office occupies ~900 square feet. Located on the main floor of a 3-level converted house, natural light and street visibility makes this a charming practice to own.
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- Individual appointments to view the practice will be arranged
- Offers will be presented to the Vendor as received
- 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