New listing for an older 2 plus 1 operatory, 841 sq. ft., family dental practice located in a professional plaza in South West Mississauga.
This practice has operated for 50 years in this location but has been upgraded somewhat over the years. The plaza is near the corner of Dunwin Drive and Glen Erin and features good medical and professional anchor tenants. As the dentist is older, he and his hygienist currently work 1 days a week, treating 135 patients and producing $80,000 per year.
The location has accessibility to excellent neighbourhoods but isn’t visible from the street and would require awareness to build. Although the practice doesn’t have significant goodwill, the seller is willing to transfer the current staff and patients, provide some associate transitions, and certainly assist with any growth initiatives.
The practice has a solid premises lease, offering long-term access with no demolition clause.
While it is clear most of the equipment should be updated sooner than later, the practice does provide a decent start for a very economical price ($100,000) and eliminates the huge construction costs and red tape required today. The ideal buyer may want to set up in Mississauga, have a patient base to relocate, or want a smaller style of practice for lifestyle reasons.