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OPPORTUNITY: What a Fantastic Opportunity to Own a Practice Pumping on All Cylinders. It’s a Pure Pleasure to be helping our Dentist Client sell this practice. We helped them acquire it a number of years ago and man have they done a SOLID job taking it to the next level. A Gorgeous Practice that shows Pride of Ownership. This $1.28-million grossing + 1550 active patient + 4 op + 1573 square feet practice is situated in a mixed medical / retail building in a busy part of Barrie. Previously appraised by Dental Strategy at $1.599-million, the Asking Price is ONLY $1.65-million. PLUS: Selling dentist can NOW stay on until end of summer 2021 and is very flexible on schedule (up to 4 days a week if need be). MAJOR improvements were made when the practice re-opened which HAVE significantly increased CASH FLOW (i.e. reduction in excess team members + re-organized hours and patient flow + patients / team are back + patients are now being asked for referrals + practice is accepting assignment, etc.).
2019 Financials + 2019 and 2020 Production Reports + July Profit and Loss Statement is available upon request (adjusted EBITDA for July 2020 before prof. compensation was ~$56k!). The practice desperately needs a new dentist to work there (dentistry is currently booked out until the end of October) and 90% of the patients / production is back!
APPRAISAL: is available by signing into your DentalPlace.ca account, selecting this listing and clicking “DOWNLOAD APPRAISAL”.
VIDEO WALKTHROUGH: will be available for those who e-mail Michael Carabash directly (firstname.lastname@example.org).
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