Established general family practice in a growing city north of the GTA. The practice is situated in a very busy SmartCentres plaza, featuring major anchor tenants, including Walmart, LCBO, Dollarama, Marks, and various other excellent retailers and restaurants. The very busy outdoor plaza features ample free parking and is a focal point for local residents for shopping, services and entertainment.
The 1,559 square foot, 4 operatory practice is operated by 2 dentist partners who have operated in this plaza since 2004. The practice is very well built, featuring nice finishings, and excellent equipment. The landlord is part of SmartCentres and has provided a premises lease with term and extensions giving access to the premises until 2035. The landlord has just indicated that with a new buyer, they would be willing to remove the demolition clause for a period (blackout), and possibly extend the premises lease.
The 2 caring dentists have built an excellent practice by providing conservative care, with emphasis on prevention. (Hygiene revenues are 45% of total). The practice serves 1,800 active patients, with good new patient flow. In 2024, the practice revenues $1,323,000 with owner cash flows of $613,000 and EBITDA of $342,000. The dentists are selling to retire but are willing to continue to associate on a reduced schedule to facilitate transition. This is an excellent practice that features a strong patient base in a growing community, and in an exceptional location.