Annonces actuelles
Acquiring new patients in today’s oversaturated dental practice market is one of the biggest challenges facing any dental practice wanting to grow. Especially challenging if you have been considering a start up. Valued at $507,000, this is an incredibly rare opportunity to get almost 1,500 patients at less than $350 each that will need to be relocated over the coming years. If Brampton is your desired location and you own a practice in the area, or are looking to start up a new practice in the area, this is not an opportunity you should overlook.
This well-established practice has been in its current store front location on a major thoroughfare in Brampton for over 30 years. The practice has been well maintained and includes 4 operatories, a sterilization/lab area, private office, staff room, and an area set up for a pan, all in ~1,284 square feet.
The practice has 1,450 patients, with an 89% hygiene compliance rate. The practice has a conservative, preventive oriented philosophy, with plenty of upside revenue potential (the practice has an estimated 20 monthly referrals out of the practice, and billings per patient per year are about 50% below average). There is below average revenue risk as well as the opportunity to significantly enhance revenues in the future. While they do accept assignment, their AR is incredibly low.
While the current lease runs until January 2026 and includes two five-year renewals, there is an upcoming demolition that could take place anytime after May 2026, so the practice will likely need to be relocated over the coming years. The good news is, this gives you a good amount of time to get to know patients in the current location before transitioning them over to your existing practice, or it gives you plenty of time to build out a new space in the area to your liking to move the patients and equipment. It is the best of both worlds, to be able to design a facility to be all that you want it to be, and to have a large patient base ready to go, giving you sufficient cash flows to offset the costs of your dream practice.
While the vendor is looking to slow down and retire, they are happy to stay on for a transition, working on a reduced schedule for 6 months possibly more. So, if you have been looking to start up a new practice in the Brampton area, don’t miss this opportunity to immediately increase the size of your patient base and have steady cash flow from day one!
If you would like further details, please complete the enquiry form below and contact Jennifer Blair at 416-576-1427 (jennifer.blair@henryschein.ca) or Kelly Hoffman at 519-575-3400 (kelly.hoffman@henryschein.ca) with any questions.
