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UPDATE: this practice is now conditionally SOLD. If anything changes, this listing will be updated.
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.