Newer 3 Operatory clinic in a beautiful small town in Southwestern Ontario. Inexpensive rent. Labour costs under control . Well run, efficient, profitable operation.
Practice has grown to over 1176 patients in 4 years. Storefront 1,560 sq foot dental office .
Owner wishes to retire after a successful transition.
Excellent location –
Ground floor with great anchor tenants – Tim Horton’s, Sobey’s Grocery Store , Beer Store, pharmacy, restaurants.
Low ratio of dentists to patients.
Incredibly priced.
Practice Highlights
Asking Price : $1,433,000
Annual Gross Revenue: $1,022,000
Last year EBITDA $318,000
PE Multiple : 4.5
Active Patients: 1176
Operatories: 3 equipped
Facility Size: 1560 sq. ft. (plans in place to expand to 4 ops plus a pan)
Well maintained, bright interior
Lease: 10 year lease with no demo clause.
Debt Service: ~ $180,000 per year (principal and current interest) over 12 years
EBITDA: $307,000 last two years.
There is at least a 4th day of dentistry needed as many procedures are referred out.
Contact gerry.crandles@ppsales.com