Ref# 5197
VAUGHAN
Fall in love this Valentine’s Day with this perfectly charming practice! Located in an elegant building in a luxury suburb in one of Canada’s fastest growing cities, you will feel the warm, welcoming atmosphere as soon as you arrive on the premises. This ambiance, which inspires relaxation and tranquility, continues throughout the building, up into the practice and the entire surrounding neighbourhood.
The City of Vaughan had been working on a development plan for several years that was recently finalized and published. This includes plans for economic growth and diversification, transportation, infrastructure, urban planning, and housing, among many others. You can read more about that here: City of Vaughan Official Plan 2025.
Our vendor purchased this practice in 2015 and subsequently moved it to its current location in 2021. Financially, this practice is outpacing the industry. Generating over $1.1 million in revenue last year, it has seen an extraordinary year-over-year increase since moving locations. Please note: due to health reasons, the owner did not work for 3.5 months in 2023. A FAQ sheet with further explanation and a more in-depth analysis on the year-over-year numbers will be provided upon request.
The office is housed in 2,233 square feet and in addition to five fully equipped operatories, it contains two administrative offices, staff, sterilization, and reception areas and a business office. Two associates attend the practice for a total of 17 hours per week, with a third coming an additional one day a month. Four hygienists offer a total of just under 40 hours per week of chairside time – which leaves space for the successful purchaser to increase hygiene hours and create a more robust hygiene program.
After many rewarding decades in dentistry, our client has decided to exit ownership. However, they are willing to continue as an associate with the new owner post-close to ensure a seamless transition for both the incoming owner and their patients, who have been and will continue to be, their top priority.
Highlights of this practice include:
- Extraordinarily strong cash earnings, exceeding 60% of gross revenue in 2024
- 1,381 active patients
- 10+ new patients per month
- Assignment practice with ~85% of patients having comprehensive insurance coverage
- Five thoughtfully designed operatories in 2,233 sq. ft. with digital x-rays
- Fantastic, long-term lease with a current term until 2031, two additional 5-year terms extending to 2041, no demolition/relocation clause, and exclusivity in the building!
- The premise lease exclusivity includes restriction of specialists which is exceedingly rare!
Additional Purchaser/Advisor Information:
- A practice Profile and FAQ sheet will be provided within 48 hours of your request
- An Open (by appointment only) will be held on Sunday, March 2, 2025
- The full Appraisal will be available on Tuesday, March 4, 2025
- Offers will be due on Friday, March 21 at 5:00PM
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
- Your Offer should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice