Viewed by 1754 people
|Ref# 4350||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
|Status: Conditionally SOLD||~$458,420||$628,520||$590,000||~$261,120|
Sale Structure: Asset Sale
*Originally posted with an Asking Price of $630,000
An incredible opportunity exists to purchase a modern and very well-located orthodontic practice with great promise to grow and meld into the local community.
The practice was built to the highest of standards in 2011 and has everything that a new owner could desire to continue cultivating the practice of their dreams. The ~2,200 sq. ft. practice consists of a spacious and welcoming reception area, 4-chair ortho bay, laboratory, pan/ceph, consult room, private office and staff room.
It is located in a very high traffic plaza flanked by highly recognizable anchor tenants that will ensure this plaza will be a destination for young families in the area for decades to come. The practice is located on the second floor but has excellent visibility and signage along with ample parking.
Due to other commitments, our client only works at the practice for approximately 1.5 days/week which has limited the potential growth that is inherent to the location. Despite this, the practice has experienced steady growth over the last 4 years and has a very attractive cost structure making it a profitable endeavour from day one. The vendor is open to flexible transition terms to ensure a smooth transfer to the new owner.
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 24 hours of request to those that have completed a ROI Corporation Confidentiality Agreement
- Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
For additional information, please contact David B. Rourke, Sales Representative.