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OPPORTUNITY: REDUCED ASKING PRICE. Seller Seeking Quick Closing But Will Transition for Up to 1 Year. Only $400k! You read that correctly: only $400k. And it would be an asset sale! Established dental practice located in the heart of downtown Toronto (in a highly affluent area). Located very close to 12 large-scale projects under construction and 11 proposed projects waiting for city approval, this is going to double the residential supply and add 270,000 square feet of new retail space! Commercial Condo Unit is available for sale as well (appraisal for the real estate is 875k). This 2nd Floor + 100% Non-Assignment + $520,314 in collections + 777 active patient + 2 op practice + 795 square feet + open 5 day a week practice + 35% hygiene production practice is quite profitable, with earnings before professional compensation at $288,502. Matt Bladowski’s team at Dental Strategy appraised the practice for $626,749. 70% of the patients are of Asian ethnicity; 100% of team members are Asian; everyone speaks English.
APPRAISAL: you can download the appraisal for the first practice above right now by signing into your account, selecting this listing and then clicking ‘download appraisal.’ As usual, please don’t contact or visit the office and please keep the appraisal confidential.
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