Ref# 5128
North GTA
ROI Corporation proudly presents an exceptional opportunity to purchase a conscientious and well-run family practice. This clinic has been in the community for over 30 years. This opportunity is perfect for all purchaser profiles – owner operator(s) and Investor Dentists™ alike.
Our client has decided to sell to focus on their young family. A robust transition will be assisted by the vendor to ensure that the new owner is successful.
The office has been in this location (a busy, retail plaza) since the early 2000s. Situated in a highly visible unit. This 1,700 sq. ft. facility boasts five operatories (all with digital radiography), plus well-equipped sterilization and laboratory areas.
The dental office has an exceptional hygiene program, accounting for 41% of total production. Approximately fifteen total outbound referrals are made monthly including orthodontic, endodontic, and oral surgery. The traditional hours reflect a well-established owner totaling thirty-five dental hours and sixty hygiene hours per week. A new owner will experience continued growth for many years to come.
The patients are a mix of ages and cultural backgrounds, and the majority live or work in the area. It is an assignment office, with most patients having comprehensive insurance.
The premise lease currently has term until 2042. The office has exclusivity in the plaza. The lease has a termination clause that was deferred when the current owner took over. The landlord has confirmed that there are no plans for demolition and therefore, we expect the same postponement to be provided for new owner.
Highlights of this practice include:
- High density/growth area
- The hygiene program generates over 40% of gross billings and booked ahead 8 weeks
- 1,800 active patients
- Five well equipped operatories
- 15+ monthly referrals for orthodontic, endodontic, and oral surgery procedures
- ~ 15-20 new patients per month
- Room to extend hours
- High visibility, ground level, busy plaza on a major highway
- High traffic established neighbourhood with a strong mix of residential, retail, industrial and commercial economic activity