Ref# 5272
Toronto
We are thrilled to present this exceptional opportunity to own a profitable and efficient general dental practice in a trendy East Toronto neighborhood.
Established in 2001 and moved into this desirable community in 2006, this practice proudly serves an engaging group of over 1,200 active high dental IQ patients, most of whom live locally. The practice organically adds roughly 15 new patients per month purely from referrals alone and enjoys a sterling reputation in the community, as shown by its 5 Star rating on both Google and Lumino Health.
Ideally located on ground level, enjoying excellent exposure, the numerous transit connections (present and future) lead many roads to the practice. Furthermore, this area will only benefit in the near future when the Ontario line LRT is complete and subsequently inviting an immense population growth within the surrounding area.
This is a mature 24 year old practice, but the office itself is not old, nor dated. The facility features 4 spacious, fully equipped operatories, 2 washrooms, a digital Pan, and a private office. Over the past three years, more than $350,000 has been invested to create a bright, contemporary space with a clean, modern design. The practice is supported by a secure lease that extends to 2036, including renewals, with no demolition clause.
The purchaser will immediately enjoy a generous income due to very strong revenue and well controlled overhead. The thriving practice most recently generated approximately $880,000 in the recent fiscal year, yielding a robust 54% cash earnings after expenses of $477,512. Hygiene represents 38% of the production.
This practice represents the ideal vehicle for a first-time owner to step into a profitable practice and a significant stepping stone to take their career to the next level by building equity. The vendor’s priority is to ensure the next owner enjoys the same continued success going forward and is open to a beneficial transition post close.
Highlights:
- All X-Rays and charts are fully digital
- Five weeks of vacation were taken by the owner last year, ensuring a healthy work/life balance
- 1,200 active patients over a 12 month span. Practice growth is purely organic with no marketing plan, nor a website
- 38% of the revenue is hygiene based
- Strong cash earnings of 54% derived from low overhead
- 70% of the equipment is newly purchased including 3 new dental chairs, a Carestream digital pan, An Itero 3D scanner, 4 new Cavitrons and too many other items to mention
- Ample free and metered parking surrounding the practice. Excellent long-term lease until 2036
- Closed on Sundays and Mondays, providing room to grow operations with an expansion of hours/days.
Additional Purchaser/Advisor Information:
- A practice profile will be available upon request
- An open will be held (by appointment only)
- The Appraisal will be provided to all qualified purchasers
- 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.