Scarborough: General Dental Practice- REF: #1561

$400,000 CAD

Appraised price - practice: $741,234

Asking price - real estate: $350,000

REF#. :     #1561
Available: 16/04/2024 
Province:   Ontario
Type:         General Dental Practice
Region:     Scarborough
SQFT:         800 sq/ft
Gross:       $516,474

EBITDA:   $310,816
Status:     UPDATED & AVAILABLE - MOTIVATED Seller

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Would you like to make more than you are making today as an associate while working 3 days/week and building equity while paying off your practice purchase?

Would you also like to secure your long term future by purchasing the condo this practice operates out of at the same time?  Why build equity for someone else by paying rent, when you can build equity for yourself?

This listing offers a purchaser a very profitable practice with cash earnings to the owner of over $300k (~60% of revenue) while working a 3 day work week without any evenings.  Note that historical earnings have been higher but as our client prepares for retirement, he has reduced his schedule leaving opportunity for a new and motivated owner.

Points of Interest:

·      3 equipped operatories with opportunity to expand to 4

·      ~1,000 active patients

·      Doctor booked out 4-6 weeks in advance

·      Excellent collection rate

·      85% of patients speak English but Cantonese is primarily spoken in the practice

·      Real estate available to purchase with the practice

This is a turn-key opportunity for a purchaser looking for a high income with a modest workload.  The chance to purchase the real estate provides the buyer with both significant financial benefits and the long term security of ownership.

For more information or 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