Welcome to Professional Practice Sales
General Practice with a Cerec
Beautiful 3+1 operatory practice in a busy outdoor strip plaza on a main street near Heartland Center in North Mississauga. This 1,528 square foot practice was opened in 2000 and is well appointed with good equipment including a Cerec.
The signage and visibility of the practice is good, the practice has both ample free parking and a solid long term premises lease (the current term and options extend until 2032).
The owner is a caring and very talented dentist who has been able to provide comprehensive treatment for his patients. However, because the owner is a partner at another practice in downtown Toronto, he actually didn’t fully optimize the full potential of this practice.
The practice currently produces approximately $1,300,000 per year with good profitability. Due to the decent overhead, the practice has cash flows to the owner of over $600,000. The practice currently has over 1,750 active patients from various ethnic backgrounds.
The owner is selling in order to start to slow down, but is willing to associate back into the practice, possibly for the long term to assist with the transition. The practice will be offered as an attractive asset sale.FULL LISTING
General Practice & Building
Beautiful 5 operatory practice in a stand-alone building on the main street in a small town in southern Georgian Bay. This well-established 2,255 square foot practice is very well appointed with good equipment including brand new Nitrous & CBCT machines.
The signage of the practice is good and there is ample free parking. The building is on a 1/3-acre lot, with high visibility and good traffic flow. The upstairs of the building features a large staff area, full washrooms and also a bedroom, offering the new owner the possibility of staying overnight. There is a new AACI appraisal for the building.
The owner is a gentle, caring dentist offering a broad range of treatments to a loyal patient base. The practice regularly produced well over $900,000 per year with good profitability. There is decent overhead of 48% and the practice has good cash flows producing $490,000 to the dentist. The practice currently treats over 1,300 active patients. The staff are excellent and caring and are an important part of this transition.
The owner has decided to retire and is motivated to sell after considering it for a couple of years and having had the same locum/associate dentist to cover the dental practice when he was away. The practice will be offered as a share sale, and the building as an asset sale.
General Family Practice
This superb 1,845 sq. ft. 3+1 operatory practice is located in a desirable strip plaza on Yonge Street in Richmond Hill.
It is very well built with brand new computers and Kodak digital photography and attractive features in the most visible part of the plaza. Parking is plentiful and the office is at the corner of a major Viva bus station. As well as a very inviting space from reception to the clinical space, the office displays signage on 3 sides of the building with ample space available for even more future signage. The busy strip plaza features a 24 hours McDonald’s and Tim Hortons offering constant flow and traffic at all times. The practice has a premises lease for 7 total years. (2 years plus a 5 year renewal).
The Dentist, with advance training, love for people and dentistry, and caring demeanor has curated the practice to suit his needs of working 3.5 days per week. This, combined with a quality patient base and a very strong dental team has resulted in a very reputable and profitable dental practice. Though the office has a strong foundation in restorative and preventive care, all aspects of general dentistry including implants, invisalign, and advanced restorative cases have all been performed in abundance at this office. The office has been selected as a "Top 3 rated" dental office in Richmond Hill for each of the last 4 years including the current year along with two other very highly regarded and reputable offices in the city.
The practice treats 1,575 active patients from a very mixed background and has regularly produced (collected) over $1,200,000 per year with excellent cost controls resulting in over $650,000 in owner operator cash flows. The practice still attracts 20 new patients per month.
The valuation is typically based on having a slightly longer term premises lease. However, in the new commercial real estate market conditions, the landlord has not been able to formally provide the owner with a further lease extension at this moment in time. The owner may entertain a consideration in price as it relates to this fact.
The retiring Dentist is willing to provide full and impressive cooperation to transition the practice to best serve the patients, team and the new doctor (letters to patients, phone calls to important patients, etc.),
A dentist with a goal to open up more clinical days, referring out less endo, oral surgery by bringing a specialist or denturist in house, expanding the empty operatory, and reaching out to the community can rapidly increase production at this office.