Toronto: General Dental Practice- REF: #1516

$1,100,000 CAD

Appraised  price - practice: $1,257,321

REF#. :     #1516
Available: 03/05/2023 
Province:   Ontario
Type:         General Dental Practice
Region:     Toronto
SQFT:         ~900 sq/ft
Gross:        $875,305

Cash-Flow:  $405,017
Status:         SOLD

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Welcome to the exclusive sale presentation of this centrally located dental practice situated walking distance from the Bloor subway line.  The practice has been established for over 30 years servicing a diverse patient base and benefits from a steady stream of new patients due to its exposure and accessibility.  The surrounding area is highly concentrated and is going through some major intensification, redevelopment and growth providing for an excellent future for a new owner.

This is an excellent opportunity for a purchaser that is looking for a fully booked schedule that currently does not offer any evenings hours, providing additional opportunity to grow the practice.  Revenue has been growing by approximately 15% per year the least few years.  With a 15 year, secure lease, the new owner can expect to benefit from the location well into the future.

Highlights of the practice:

·      1,250 unique patients treated in the last 12 months

·      1,800 unique patients treated in the last 24 months

·      35-40 new patients per month

·      53% of patients under the age of 40

·      Opportunity to expand hours (no evenings)

·      Very good collections

·      Digital xrays and charting

The practice is being offered as an asset sale providing the purchaser with a significant taxable benefit.

For more information or to to book an appointment to view the practice, please contact David Rourke – rourke@mbcbrokerage.ca – 647-519-5775

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David Rourke
Sales Representative

Direct: 647-519-5775

More Info: https://www.mbcbrokerage.ca/about-david-rourke