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Sale Structure: Share Sale
An excellent opportunity for practice ownership in the GTA.
This well-established practice is the only dental office in a commercial complex that consists of three buildings. The practice is not located on ground floor, however, as the only dental office, there is exclusive exposure to approximately 5,000 white collar workers with high dental IQ. Tenants of the building are major employers such as Telus, SAP and TD Waterhouse.
The landlord has been modernizing and revamping the complex, spending approximately $15.5 million and is currently implementing a 10 year investment plan. Further development of the existing complex will include the addition of two new 12-storey office towers to the existing complex. There is also the possibility of a second complex on adjacent land resulting in a 12-storey residential building, a hotel with a capacity of 500 rooms, and commercial space.
Highlights of this practice include:
- Excellent location with ample parking
- Well-maintained office, recently refreshed
- Approximately 1,000 patients attend the dental practice
- The practice does not accept assignment of insurance benefits with the exception of long-standing patients
- 4 equipped dental operatories with a 5th plumbed and space for a 6th
- 1,555 square feet; an excellent lease with renewals up to 2027
- An opportunity to increase gross income with a strengthened hygiene program
- Approximately 80% of patients have insurance
For more information please contact Jackie Joachim.