Dental Practices for Sale
Upscale North York GP Practice
About Listing #ON4296
This contemporary, high-end 5-op clinic, well situated in a bustling, well-to-do urban district, radiates the ideal balance of sophistication and comfort. The sizeable, 1,914 sf space is completely digital and only 12 years old. Direct access to public transportation and plenty of parking make it easy to get to the office. With the present term ending in 2035 and one 5-year extension, the lease has remaining tenancy length of up to 15 years. Nearby, preconstruction is underway for a 2-tower condominium complex with more than 700 residential units.
The vendor makes roughly $700K a year before tax on billings of about $1.6 million. With a 4.8-star rating on Google and RateMD, the vendor is well-liked by his devoted clientele, as seen by the remarkably low attrition rate. High-end procedures like crown and bridge and implant dentistry have high case acceptance rate. All ortho is referred to specialists, providing a possible source of revenue upside. The hygiene program is exceptional with 91% of the 1,850 patients presenting regularly for hygiene and consuming 20% more care than an average practice.
Although the vendor still has a strong interest in dentistry, they would like greater freedom and flexibility to pursue other interests without the responsibility of ownership. Amenable to a long-term transition, the vendor would commit to one year at a lighter schedule with the possibility of an extension by mutual agreement.
You must experience this bustling, modern, urban practice! In person showings are available by appointment on Sunday, January 26th and virtual showings upon request.
Bill Henderson,
Transition Sales Consultant and Broker
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Patti-Anne Jones,
Conseiller(ère) en vente et transition & représentant(e) de vente
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Toll free: 888-437-3434
Fax: 888-546-7940