Are you are looking for a practice with significant upside potential? This conservatively run practice has a strong new patient flow (~25 per month), many external referrals (~20 per month), a strong hygiene program, conservative dental billings and would be a favorable opportunity for an energetic purchaser looking to maximize its growth.
The practice has seen ~1,300 unique patients in the past year, over 1,700 in a 24-month period and enjoys an 85% hygiene compliance rate. The dental billings are underdeveloped compared to the average practice by ~33%. The conservative approach to diagnosis and treatment planning, along with 20 monthly referrals out of the practice suggests significant potential to increase dental revenue. If the practice were to achieve an average level of dental billings per patient per year, the revenue could grow by over $165,000! Even if you were to maintain the same level of dentistry as the practice did this past year, with the suggested increases in the 2023 ODA fee guide, revenue could potentially increase by ~10% simply by updating the fees.
The 4-op facility is well located in a bustling downtown neighborhood, with great visibility and strong anchor tenants on either side. There is a long-term lease in place which currently includes exclusivity within the building. It comes as no surprise this busy ground floor location, in a high traffic area of Toronto, has consistently demonstrated an exceptional new patient flow.
The facility is well-designed and spacious containing 4 equipped operatories in ~1,800 sq.ft., with 1 additional room plumbed and wired, ready for future growth. It also includes a lab, sterilization area, pan area, staff room and 2 private offices, all in a modern and welcoming office.
As a dentist in this neighborhood, you’ll have access to a diverse patient base, and a thriving, vibrant community that offers endless opportunities for both personal and professional growth not to mention excellent public transportation, a walkable city center, and great restaurants, shopping, and entertainment.
This opportunity checks all the boxes:
– a profitable and sustainable hygiene program
– plenty of upside potential in dental revenue
– a highly visible street front location
– a lease that includes exclusivity
– and an exceptional new patient flow, so what are you waiting for?
This opportunity won’t last long, so contact us soon to receive more information and to schedule a time to see it in person.