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OPPORTUNITY: REDUCED ASKING PRICE. Seller Seeking Quick Closing But Will Transition for Up to 1 Year. Only $500k! You read that correctly: only $500k. 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 forthcoming). 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.
ADDITIONAL OPPORTUNITY: there is a very Exciting and RARE Opportunity to purchase and relocate up to an additional 1,000 patients and an experienced selling dentist (looking to associate for up to 2 years!). Open to REASONABLE OFFERS. This second practice is only 2 ops as well, grosses in the $600ks and needs to relocate due to lease / landlord issues. Quick Closing (before the end of the year) Required. This would be a wonderful additional to the first practice: pick up a Condo (you’re the landlord) + 2 very experienced associate dentists who will work 1-2 years to help you pay for everything and you end up with a 3 op practice (right now it’s 2 op, but you can convert the private office into a 3rd op and then move the second practice over). There is no appraisal for this second practice since it would essentially be a purchase / relocation of charts, selling dentist and team. Contact Michael Carabash (647.680.9530 | email@example.com) for more information.
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.
VIDEO WALKTHROUGH: will be available for those who miss the open house. Just reach out to Michael Carabash (firstname.lastname@example.org) to see a walkthrough video.
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