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30 minutes from Brampton, Ontario [Ref. #968]
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Ref. #974 | General Family Practice
Established high end dental practice in the heart of Whitby. This 2,000 square foot practice is in a standalone building with 4 equipped operatories, free parking, and is close to the center of town. This practice is well appointed with lots of technology, including a Cerec, Laser, Microscope, Digital X rays, and Panoramic X ray.
This practice currently serves over 1,100 active patients with a very strong hygiene program (over 50% of billings). It is generally non assignment with low accounts receivable. The practice consistently produces almost $800,000 per year and because of the strong hygiene program, has over $415,000 of cash flow to the Dentist, and $280,000 cash flow after paying dentist or associates. This is an excellent dentist with good skills and has put together an excellent staff. In the past few years, the dentist has slowed down to only 28 hours per week and has not opened the practice to new patients. Since he doesn’t offer weekends or evenings, he has not done any practice marketing to attract new patients.
The owner is selling to slow down, but is willing to assist with the transition and the practice’s long term success by associating back with the practice for 3 days per week, for at least 3 years. With this potential, the new owner can have many ownership strategies, including as a pure investor, an owner who works in the practice, or a combination that suits.
The Dentist owns the building and will offer an excellent long term premises lease at $2,600 per month plus TMI and utilities. An option to purchase the building within 10 years.
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