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Highest Sale Price: 1.54 x Appraised | 1.73 x Revenue
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Reference: 168

Ref #168 – North York Dental Practice
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Description

If you are a dentist looking to BUY a practice, REGISTER ABOVE to get the latest deals emailed to you!  If you’re a dentist looking to SELL a practice, contact DMC LLP – because Brokers make you Broke-Er!

OPPORTUNITY:  Established 3-op North York Dental Practice For Sale.  4 day a week practice with Lots of Growth Opportunities.  Ground Floor + Lots of Free Parking + Busy Strip Plaza + 924 Square.  Lease was just renewed (no demolition or relocation clauses).   All staff on contract.  Revenues were $682,905 in 2019.  Per appraisal, the practice has 1,120 active patients + 33% hygiene program + $317,366 in earnings before professional compensation.  Recently appraised by Dental Strategy for $909,511.  Selling dentist is prepared to help out in a transition, working 1-3 days a week (duration is open to negotiation but can be longer term).  Asking price is 1.050-million.

Production / Billings since practice re-opened:

June 2020: $38,890
July 2020: $63,763
August 2020: $68,462
September 2020: $63,080
October 2020: $60,218
November 2020: $67,744
December 2020: $69,248

Average monthly production billings from July 1 to December 31: $65,419, which translates into $785k in production billings annualized.

January 2021: $53,000 (production was down due to lockdowns)
February 2021: $60,069 (production was down due to lockdowns / dentist taking time off and shorter month)
March: busy / booked up schedule

APPRAISAL: You can now download the appraisal by Dental Strategy by signing into your www.DentalPlace.ca account, selecting this listing and then click Download Appraisal (appraisal is a .PDF and can be instantly downloaded).  Remember to maintain confidentiality at all times and only share this appraisal with your trusted advisor (lawyer, banker, accountant).

REGISTER FOR OPEN HOUSE: an in-person open house (masks required) will take place on Sunday, April 11, 2021 starting at 9:00 a.m.  To attend the open house, just sign into your www.DentalPlace.ca account, select this listing and select a 15 minute time slot.  Masks are mandatory and please be punctual!

VIDEO WALKTHROUGH: can be viewed after you sign into your DentalPlace.ca account.

OFFERS: Letters of Intent will be e-mailed out to all prospective purchasers after the Open House and will be due on the Friday after the Sunday open house.

WARNING: DO NOT CALL OR ATTEND THE OFFICE.  IF YOU DISCLOSE CONFIDENTIAL INFORMATION TO ANYONE OTHER THAN YOUR TRUSTED ADVISORS (LAWYER, BANKER, ACCOUNTANT) YOU WILL BE BANNED FROM THIS SITE FOR LIFE.


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Michael Carabash Michael Carabash
For more information about this practice, contact dental lawyer Michael Carabash (michael@dentistlawyers.ca | 647.680.9530). If you'd like to receive more information about this or any other dental practice on this website, you can create an account (FREE). You can also subscribe above to receive weekly updates from DMC LLP (which includes new listings and updates to existing listings).
* Based on 10% Commissions of Sold and Conditionally Sold Listings
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