Practices For Sale

Ref# 5109

Status: New

Location: Ontario

Gross Revenue: $703,428

Appraised Value: $760,070

Asking Price: $760,070

Cash Earnings: $191,559

Vaughan

This long-established family practice is located in the Woodbridge area of Vaughan. Built in 1983 by the current owner, the practice sits in the heart of a residential area. The building is owned by a religious order with whom the dentist has an excellent relationship. So much so that there is currently no lease in place. For 40 years, they have simply agreed on an annual rent and have never encountered any problem. The landlord understands these are different times and is open to establishing a long-term lease with a new dentist.

The practice is relatively small, only 890 sq. ft. with 3 operatories plus a Pan. Also, keep in mind that it is an older practice, functional but not glamorous. For a buyer interested in expanding the practice, vacant space is available in the building adjacent to the practice that could be subject to negotiation. With such a long tenure in the same location, the practice has approximately 3,000 registered patients, and no advertising is necessary.

The practice is established but not out of date. The owner is experienced with many procedures, so this is more than just a basic restorative practice. It operates 5 days per week, and an office manager is employed to handle the patient flow. Additionally, there is a receptionist, an assistant, and 2 hygienists.

The owner would like to continue as an associate for 3 days per week following closing. This is ideal for maintaining stability in the practice and still leaves ample chair time for a new owner or associate. Other highlights of this practice include:

  • Production was approximately $700,000 in 2023
  • There are 5 days of hygiene, which accounts for 25% of the total production
  • Practice management software is Abeldent
  • A Trios intra-oral scanner is in use

The terms of this sale are as follows:

  1. A profile of the practice will be provided to qualified purchasers who have completed the ROI Corporation confidentiality agreement.
  2. An Open, by appointment, will be held on Sunday, July 21st
  3. The full appraisal will be provided 2 days prior to the Open to those who have booked an appointment to see the practice.
  4. Offers will be due not later than Friday, August 2nd
  5. The vendor’s preferred closing date is not later than September 30th

For more information, or to book an appointment to see the practice on Sunday, July 14th, contact Bill Alton, Sales Representative.

 

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