South-Western Ontario: General Family Dental Practice - REF.#D1137 & D1138
Asking price - practice: $1,075,000
Appraised price - practice: $1,054,594
REF#. : #D1137 & D1138
Type: General Family Dental Practice
Region: South-Western Ontario
SQFT: ~1,200 sq/ft
Gross Rev: $844,500 (combined)
EBITDA: $333,000 (combined)
Status: CONDITIONALLY SOLD
MBC is pleased to offer an excellent opportunity to purchase both practices of a cost-share arrangement in south-western Ontario. The total production of $844,500 with cash flow of $333,000 comes from a total of about 7 doctor days and 7 hygiene days. Preventative care makes up 25.5% of the overall production.
The practices accept assignment, however the accounts receivable are approximately 2 weeks production. Practices utilize digital x-rays and one of them is paperless.
This is a converted house on a corner lot just north of the main street and consists of approximately 1,200 square feet plus the lower level. The practice includes 4 operatories (2 owned by each doctor), sterilization area, lab area, panoramic x-ray area, reception area, business office, private office and washroom, with the mechanical area and staff room in the lower level.
One of the doctors owns the property and a favourable lease could be negotiated. He would also like to remain as an associate, to be negotiated with the new owner.
There is a significant opportunity for growth for an ambitious owner by establishing a marketing plan.
The private and confidential showings will be held on Sunday, March 17, 2018.
To discuss this practice in greater detail and book your private, confidential appointment contact Tom or David Schramm.