Ref# 5213
Toronto
Owning a well-established dental office with loyal and committed patients is highly valuable in terms of goodwill. A longstanding member of the community for over 20 years, 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. Ensuring patients transition to the right person is key to our vendor.
The office is primarily restorative (over 50%), with hygiene accounting for approximately 25%. Patients are on a comfortable schedule of 35 hours per week in a boutique environment of 1,200 square feet. Proudly serving nearly 1,000 active patients across 3 fully equipped operatories, this office not only has the potential to grow with room for a 4th operatory but is also ideal for a first-time owner seeking a work-life balance.
The patients who visit this clinic are from diverse multicultural backgrounds, predominantly between the ages of 25 and 60. By the owner’s choice, no external marketing is conducted, which is why new patients typically come from existing ones. Scheduling is another strength of this business, with most recall patients attending every 4 months. Our client restored revenue back to its historical level of approximately $1,000,000. This change was the result of a new front desk that was more proactive in scheduling, accepting CDCP, and adjusting the schedule to better accommodate patients’ requirements.
Presently, the office has, in addition to the owner, a receptionist, a hygienist, 1 chairside, and 2 administrative staff members making up the team. When required, a general dentist who limits his practice to oral surgery will attend. On occasion, our client chooses to do their own hygiene. The clinic is entirely digital and uses AbelDent software. This is an assignment office where most patients have comprehensive health insurance coverage. There are no social service patients.
Our client has reported that the landlord has always been good to work with. The lease has terms and renewals until 2031, but our client confirmed the landlord would provide more terms. There is no demolition clause. Located on the second floor of a 2-storey medical building with an elevator, the clinic enjoys excellent street exposure, high visibility, and natural light, making it a charming practice to own.
Additional Purchaser/Advisor Information:
- A Practice Profile and Virtual Tour will be provided within 48 hours of your request
- A confidential Open (by appointment only)
- Offers are due on Wednesday, April 30th
- 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