Welcome to Professional Practice Sales
General Family Practice - Coming Soon
4 Operatory storefront location with excellent lease in a small town in Southwestern Ontario. Renewals in place until 2044. No demolition clause.
Well managed ~ 52% overhead. Plenty of new patients.FULL LISTING
General Family Practice
Please see this new listing for an established 2,500 square foot family dental practice in a strip plaza on a busy street in the Niagara Region.
This 20 year old practice is well situated in a plaza with visibility on a busy street, with good anchor tenants, and ample free parking. The 6 operatory clinic (4 equipped, 2 plumbed) is expansive and with good and upgraded equipment and facilities to suit today’s dental practice requirements. There is an excellent long term lease in place with very good clauses and conditions.
The practice regularly produces around $600,000 per year, and conservatively treats over 1,000 active patients. Since most procedures were referred out, there is potential to grow and expand the practice with a solid marketing plan. The practice was purchased in 2018, and has been associate driven as the owner resides in Northern Ontario.
The original female associate dentist who worked in the clinic from 2018-2021 was a 2018 new grad (owner's spouse) who practices in an extremely conservative fashion and referred out most complex procedures. There is no marketing being done for the clinic. In April 2021, the original associate relocated to join her husband in Northern Ontario and got her dental school classmate, who is also a conservative female 2018 graduate, to take over as the associate dentist for the practice.
The Dentist is selling as he doesn’t wish to manage the practice from afar. It is very likely the current associate will agree to stay with the practice if the future buyer wishes to have her. All staff and the associate are on contract. A future owner with more time and energy to manage and grow the practice will surely bring the clinic to a new level.
3 Practices Being Sold Together
Absolutely amazing opportunity for the discerning buyer(s) or DSO.
$1,900,000 Cash Flow
$760,000 EBITDA while allowing 45% associate remuneration.
3 distinct offices with little to no competition. Associates in place. Owner will stay on 3 days a week for at least 2 years. Wants to slow down and spend more time with family.
Zero need for equipment investment as all locations are high tech - have digital pans, intraoral scanners etc.
3D Tours of all locations and complete valuations are available.FULL LISTING