North Simcoe County, Ontario

Practice & Building for sale

Be your own landlord and escape unfair lease agreements!

This large and spacious practice located along the beautiful Georgian Bay is perfect for the dentist looking for a practice that has plenty room to grow.  This practice has four equipped operatories serving around 1,650 active patients, with three unequipped operatories ready for your updates. The practice sees patients in a four-day work week, with limited evening availability, leaving plenty of room in the schedule for increasing your operations.

The gross revenues are about $500,000 with 38% attributed to hygiene production.  Furthermore, the practice is producing a very modest $300 per patient per year; $180/patient/year in dental and $120/patient/year in hygiene. This offers a great opportunity to the new owner, as the current Ontario Average per patient per year is actually around $550 to $650.

This dental practice refers out most specialty cases and operates with very minimal advertising throughout the year, providing growth opportunity for well-rounded dentists.

Appraised Value/Asking Price: $1,510,000 ($710,000 practice + $800,000 building)

Additional Features Include:

  • Patient base is 78% insured
  • Great Post-COVID recovery
  • Free parking
  • Maxident Software
  • Accessible for wheelchair users
  • Newer facility
  • Transition period available

IMPORTANT INFORMATION

Showings to be held Sunday March 28, 2021, by appointment only, and after reviewing the appraisal documentation only.

Letters of Intent will be due by a date to be determined

For additional information, please reach out to Derek Hill, Broker of Record.

 

Status:Offer Registered SQFT:2,750 main + 2,500 bsmt Gross Rev:$500,000 +/- Appraised Value:$710,000 Practice + $800,000 building Hygiene hours per week:23 Number of Operatories:4 + 3 Patients (active):1,650 Patients (new):15/month

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