Looking for a practice with a large patient base, unusually strong earnings and lots of revenue upside? Then perhaps this 3 op, 600 sq ft, storefront practice in East Toronto will pique your interest.
This practice has upwards of 1,600 patients with steady new patient flow and 92% of patients presenting for hygiene/re-care appointments.
Billings per patient are well below the average practice, creating significant upside revenue potential for an owner choosing to keep endo, surgery and/or orthodontics in house. Open only a half day on Friday and no evenings, there is plenty of capacity to realize potential incremental revenue.
With adjusted cashflow (EBITDA) after dentist compensation at 35% of revenues, this practice has achieved an impressive level of profitability, driven by an unusually effective cost structure. Occupancy costs are exceptionally low, with tenancy supported by an additional two 5-year terms.
The expansive patient base, solid earnings potential and revenue upside make this an attractive opportunity for both a new or seasoned owner.