Toronto General Dental Practice- REF: #1459
$869,905 CAD
Asking & appraised price - practice: $869,905
REF#. : #1459
Available: 25/11/2022
Province: Ontario
Type: General Dental Practice
Region: Toronto
SQFT: ~1,450 sq/ft
Gross: $690,620
EBITDA: $211,604
Status: SOLD
Are you an ambitious dentist seeking a remarkable opportunity to own a thriving dental practice in a sought-after community? MBC Brokerage is delighted to present an solid dental practice for sale that offers tremendous growth potential and a secure future.
Practice Highlights:
• Facility: Spanning 1,450 square feet, this modern dental practice boasts three fully equipped operatories with the potential to expand to five in total. The practice is equipped with state-of-the-art digital X-ray technology, ensuring efficient and precise diagnostics for enhanced patient care.
• Long-Term Security: As a prospective buyer, you will sign a lease agreement with 15 years of secure term, providing peace of mind to operate out of the premises well into the future. This stable foundation sets the stage for your continued success.
• Prime Location: Situated in a desirable community, this dental practice enjoys a prime location within walking distance of a subway station. Benefit from high visibility, easy accessibility, and a steady flow of potential patients in this thriving neighbourhood.
• Strong Hygiene Program: A robust hygiene program currently contributes over 50% of the practice's revenue. By focusing on preventive care and building lasting relationships with patients, you can further strengthen this revenue stream. Additionally, all specialty services are currently referred out, presenting an excellent opportunity for revenue expansion by incorporating these services in-house.
In addition to these key highlights, the practice has treated 1,160 patients in the past 12 months and 1,420 different patients in the last 24 months. Furthermore, yearly billings per patient are currently below industry averages, providing you with ample opportunities to grow and maximize revenue.
Expanding the practice hours presents an exciting avenue for growth. By accommodating more patients and offering flexible appointment options, you can unlock the practice's full potential and further solidify its reputation in the community.
If you're a passionate dentist ready to take the reins of a successful dental practice and steer it towards new heights of success, this opportunity is tailor-made for you. Don't miss out on this chance to establish your presence in a desirable community and make a lasting impact on patients' oral health.
The practice was offered to the assoiate, as per the owners request, before going to open market. The associate realized the opportunity and purchased the practice.
For more information, please contact David Rourke – rourke@mbcbrokerage.ca – 647-519-5775.
David Rourke
Sales Representative
Direct: 647-519-5775
More Info: https://www.mbcbrokerage.ca/about-david-rourke