This is a unique opportunity for a Toronto practice to acquire a thriving patient base. The retiring vendor will transition with staff and patients for a minimum of 2 years, and will continue to provide treatments on Saturdays.
The patient base is 80-90% Cantonese or Mandarin speaking patients, but only 5% speak no English. The current owner believes merging this patient base into another practice’s will be most successful if the new owner comes from a Chinese cultural background, however fluency in Mandarin or Cantonese will not be mandatory.
There is excellent organic new patient growth, averaging well over 120 patients each year, attesting to the great reputation of the current owner and staff. The purchaser will have the option to retain some or all of the current staff members.
There is a possibility to stay in the existing space for a period of up to 5 years with no tenancy issues, if the purchaser wants to slowly integrate into the practice and look at moving the patient base in the future rather than more immediately. The current lease is month-to-month providing flexibility to accommodate the new owner’s optimal transition plan.
The patients are non-assignment with no copay write-offs. The percentage of the patient base that are regular hygiene recall patients get more scaling treatment per year than an average practice and these patients spend more per year on hygiene that then average.
The practice owner has already made the shift to a primarily digital practice with most of the patient charting done digitally, digital radiographs and a digital impression scanner. In addition to the patient charts, the transaction will include all of the existing equipment, dental instruments and supplies, handpieces and software, which the buyer may choose to also bring to their existing practice.
A virtual appointment is available, which will include a real-time review of the patient appointment schedule as well as an iGuide 3D tour of the practice, if desired. For further info, please complete the form below to receive our 2-page profile and to request the full appraisal. The exact location of the practice will not be disclosed unless there is a signed Confidentiality Agreement in place. Questions regarding the opportunity may be directed towards Barb Johns.