Ref# 5294
Vaughan – Updated Appraisal
This family practice continues to show impressive growth year after year. It is a large, profitable, family practice of 2,700 square feet containing 8 operatories (5 equipped) situated in a high-traffic retail plaza at a major intersection of Vaughan. The practice enjoys exclusivity for dentistry in the plaza and has been at this location since 1986, under current ownership since 2018.
This is an owner-operated practice, but because of their commitment to another practice not in this area, there is no dentist on Wednesdays or Fridays. With at least 1,600 active patients, there is an opportunity for a new owner to increase business by expanding treatment days. Five part-time hygienists currently provide 7 days of hygiene per week and contribute over 30% of the practice’s gross revenue. All hygienists are on written agreements.
The lease runs to October 31st, 2029, but the landlord is amenable to offering two additional 5-year renewal options; however, a demolition clause will be added to the lease for the renewal period. Nevertheless, the landlord has indicated that there are no plans to redevelop the plaza, and new tenants have recently moved in.
Annual collections are approximately $1.2 MM, achieved without any meaningful marketing. 15-20 new patients each month fuel the growth of the practice. Cash earnings of $600K reflect very good performance and an impressive return for the owner. 8-operatory practices are hard to find, especially in a location such as this, so the possibilities are remarkable for a dedicated buyer.
Conditions of this sale are as follows:
- A profile of the practice can be provided to qualified applicants who have completed a ROI Corporation confidentiality agreement
- An Open, by appointment
- The full appraisal will be provided to interested parties who have registered for the Open
For more information or to book an appointment for the Open on May 10th, contact Bill Alton, Sales Representative.