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IMPORTANT: the address and pictures used ARE NOT correct on purpose. The practice is located along Finch in Scarborough and close to the address used in this listing. The REAL address will be in the appraisal (which can be downloaded once you sign into your DentalPlace.ca account).
OPPORTUNITY: Phenomenal Opportunity to Buy a VERY BUSY 3-OP practice (along Finch in Scarborough) that is extremely profitable: consistently producing between $1.4-$1.5-million, with 3,562 active patients (per appraisal) and phenomenal cash flow (per appraisal: 818k in 2019, 850k adjusted for 2020, and 931k adjusted for 2021). This is one of the most profitable 3-ops out there and was recently appraised by Matt Bladowski of Dental Strategy for 2,282,970. Lots of patients, lots of work. This would be a share sale.
Physical Space is approx. 1087 square feet in a professional medical building. 3 ops. Parking is free. Practice is open 6 days a week, uses Logic Tech Paradigm solutions, has paper charts, digital x-rays, and no pan (no space for pan either). The current lease term expires March 2026 and there are 2 x 5 year renewal options after that. Ability to speak Cantonese or Mandarin (or both) would be an asset. Selling dentist can speak Cantonese, but speaks to all patients in English unless they indicated they are Cantonese speaking. Majority of the Mandarin speaking patients are also bilingual, and if needed, staff can help with the communication.
The practice refers out a lot of cases to specialists (e.g. molar and complicated endos, all ortho, implant surgery and difficult extractions). The practice will restore implants and perform straightforward extractions. The practice uses paper charts but the Logic Tech Paradigm software can be upgraded to full digital capacity. New patient flow comes mostly from patients, medical doctors and pharmacists. The practices averages about 20-30 new patients monthly.
APPRAISAL: can be downloaded by signing into your DentalPlace.ca account, selecting this listing and clicking Download Appraisal. You MUST KEEP Confidential and share only with your trusted advisors (lawyer, accountant and banker, like Tasha Lai at RBC).
Open House: will take place on Sunday, December 19, 2021 starting at 8:00 a.m. You can register for a spot by signing into your dentalplace.ca account, selecting this listing, and then booking a spot for the open house.
Offers: offers will be due on Friday, December 24, 2021 by 5:00 p.m.
VIDEO WALKTHROUGH: will be available and sent via private link for those who are unable to attend 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.