Toronto: General Dental Practice - REF: #1600
$1,590,000 CAD
Asking price - practice: $1,590,000
Appraised price - practice: $1,753,583
REF#. : 1600
Available: 17/04/2024
Province: Ontario
Type: General Dental Practice
Region: Toronto
SQFT: ~1,700 sq/ft
Gross: $1,215,775
Cash-Flow: $560,589
Status: NEW
MBC exclusinvely presents this new opportunity to purchase an exceptional long-standing practice with a large patient base in a modern facility. With significant room to grow revenue by expanding the services being offered in this conservatively run office, this listing will appeal to a motivated purchaser with big plans!
The practice is situated on the second floor of a very busy retail plaza that is located at a highly trafficked intersection that is easily accessible from major highways. With 5 operatories, all of which overlook the plaza parking lot with an abundance of natural light, this stunning facility is a sight to be seen. It was relocated in 2014 with most equipment and all leaseholds being new as of then and is fully digital with a Pan.
The practice consistently sees approximately 2,100 unique patients per year providing almost exclusively general dentistry with many services being referred out on a monthly basis.
Currently the landlord is prepared to offer a lease with secure term until 2029 after which they may redevelop the property. As such, this offering will appeal to a purchaser that feels confident they can tap into the significant potential of this practice with a plan to move it in the future. Or a practice in the area looking for immediate growth.
Highlights of the Practice Include:
-2,100 unique patients attended the practice in the last 12 months
-2,400 unique patients attended the practice in the last 24 months
-Hygiene generates ~47% of revenue
-~20-25 speciality referrals/month
-Modern facility with 5 ops and fully digital
-Opportunity to expand hours from the current schedule
The seller is open to considering a variety of transition options, including a long term commitment to be a full time associate.
Private and confidential practice viewings will be held on Sunday May 5th 2024
For more information or to discuss this opportunity further, 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