Northern Ontario: General Family Dental -REF.#D1564

$775,000 CAD

Appraised value - practice: $743,970

Asking price - practice: $775,000

REF#:     #D1564
Available:  10/08/2023
Province:   Ontario
Type:         General Family Dental Practice
Region:     Northern Ontario
SQFT:        1,284 sq/ft
Gross Rev:  $791,494
EBITDA:      $312,627
Status:      SOLD

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MBC is pleased to offer an excellent opportunity to purchase an established dental practice in a major city in northern Ontario. The practice is manned by the owner/doctor and two hygienists. Hygiene represents about 60% of the production,

The office does not offer evening or weekend hours, it is a Monday to Friday practice. Approximately 80% of the patients have insurance coverage, with less than 1% social services. Assignment makes up approximately 55% of the collections. However, accounts receivable are in the $5,000 range, with 1-2% bad debts.

The practice is located in a storefront facility in a small strip plaza on one of the main streets. It is easily accessible by private vehicle and public transit with free parking. The facility consists of 1,284 square feet and includes 3 large equipped operatories, sterilization area, laboratory, mechanical area, staff room, private office, reception area, business area and two washrooms.

There is a lease in place, including options, for about 13 years, with no demolition clause.

This would be great opportunity for someone who wants to leave the major cities and move to a more relaxed pace in a city with all the recreational activities at hand.

To discuss this practice in greater detail and book your private, confidential appointment contact Tom Schramm - tom@mbcbrokerage.ca or David Schramm - david@mbcbrokerage.ca

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Tom Schramm
Broker

Direct: 416-720-3915

David Schramm
Sales Representative

Direct: 289-834-3893

More info on Tom and David >