Practices For Sale

Ref# 5397

Scarborough

ROI Corporation is excited to present this well-established practice located in a mature area of Scarborough.  This office is perfect for the dentist who no longer wishes to be an associate and is ready for ownership.  A new owner will take this clinic to the next level with a comprehensive marketing plan and be available to grow the practice schedule.

Our client is selling due to relocation.  A transition will be provided.  This will be a share sale.

Opened in 2008, this office has 3 operatories with room for a 4th.  Located in an exceptionally busy plaza that has many anchors such as banks, a major grocery store, Shoppers Drug Mart, and other various franchises. A new owner will not only continue to maintain the already strong practice but also have opportunities for further growth.

Highlights of this practice include:

• Practice demonstrates consistent growth year over year
• Free cash earnings of ~$770K after a dentist is paid
• Easily duplicatable dentistry with 10% diagnostic, 20% hygiene, and 66% restorative
• 25+ procedures referred out each month
• Opportunity for growth with no dentistry offered 2 days per week
• 3 hygienists, 2 assistants, and 1 receptionist. Wages are competitive at market rates but appear lower than average as a percentage of gross due to the efficient use of staff during clinical hours.
• Approximately 1,100 active patients
• 10 new patients monthly
• No external marketing and no website
• Assignment office with 80% of patients having comprehensive insurance
• Accounts receivable are extremely well managed, and co-pays are collected
• Paper charts, while x-rays are digital
• Just under 1,300 square feet with an excellent lease until 2041 with rent fixed until 2036 and no demolition clause

Additional Purchaser Information:

• A clinic video will be shared with qualified buyers.
• A Confidential Open will be hosted by Jackie Joachim on Sunday, September 13^th, from 12:30 pm to 2 pm
• The Appraisal will be distributed following the Open on Monday, September 14^th
• Offers due on Monday, September 28^th, by 5 PM
• The Offer Request Form must be submitted 48 hours prior to the Offer deadline

For more information, please contact Jackie Joachim, Senior Sales Representative, and/or Constance Walker, Broker.