Relist – North of the GTA – 4 Operatories, 1800 patients, $1,3m revenue
Formerly listing 1296. This practice was sold to a purchaser who needed a 15 year lease. After negotiations, the landlord made a decision to delay the demolition clause but not extend the lease term at this time. Despite the buyer liking the practice, they decided to terminate the purchase.
Please see this listing for the sale of an 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 providing access to the premises until 2034. The landlord has agreed to remove the demolition clause until the end of the lease, but will not extend the lease term.
The 2 caring dentists have built an excellent practice by providing conservative care, with an 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 continue to associate on a reduced schedule for likely well over 1 year, to facilitate the transition. This is an excellent practice that features a strong patient base in a growing community, and in an exceptional location.
