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OPPORTUNITY: For sale…a very MATURE and respected 3-op dental practice in downtown TORONTO (with potential to expand to add a 4th op.). The dental practice is in a busy office building with a lease that runs to November 2030 (with the potential to add renewal terms) and has low rental rates and no demolition clause. This 4.5 day a week practice is in good condition and (per the appraisal) has a STRONG base of ~2,500 active patients and 40% hygiene production. The dental practice has CONSISTENT revenue over 1.1M per year with AMAZING annual cash flow in the mid 50% range (before doctor compensation). Recently appraised by Dental Strategy for $1,585,110. The selling dentist is prepared to help out for a transition to the purchasing dentist.
Production / Billings since the dental practice re-opened:
July 2020: $74,287
August 2020: $92,763
September 2020: $120,110
October 2020: $120,978
November 2020: $106,719.41
December 2020: $91,364.94
January 2021: $73,228.35
February 2021: $69,640 (1 week holiday)
March 2021: $114,139
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, May 2, 2021 starting at 10:00 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!
OFFERS: Letters of Intent will be emailed to all prospective purchasers after the open house and will be due within 5 business days of the 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.