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Sale Structure: Asset Sale
Toronto – Facility Sale
ROI Corporation is proud to represent this exceptional opportunity in Central GTA. This listing represents multiple opportunities and as such appeals to a variety of buyers. This practice has been set up with two operatories containing state-of-the-art technology with an additional one plumbed for a dentist and/or hygienist to build a successful practice. In the basement, a complete in-house lab exists. This spectacular facility has been built with the highest quality of materials offering those who walk through the doors a spa like feeling. There are two floors, each approximately 1,400 square feet.
As a successful entrepreneur, our client built this as a second location with the goal of providing exceptional facilities to accomplished practitioners such as a General Dentist, Prosthodontist, Oral and Maxillofacial Surgical Specialist, Anesthesia Specialist, while delivering the highest quality of service for dentures, implants and aligners. This is a facility only sale. The lease can be assigned and the new owner will enjoy a 10 year term. There is a termination clause in the lease with 6 months notice, however, these are only under specific circumstances pertaining to expropriation by the City (in the event the City chooses to pursue this) or should the premises be deemed unsafe. Our client previously owned the building and an appraisal can be provided if necessary, to confirm the quality of the property.
ROI Corporation takes great pride in fiercely protecting the confidentiality and the identity of our clients until such time that a purchaser has expressed a very serious interest in an opportunity and further, once we have verified that the purchaser has met our various qualification criteria, including the execution of our nondisclosure/confidentiality agreement.
In many instances the identity and address of our client is not released until very late in the selling process. There is a very limited number of patients who could potentially discover the practice has been made for sale. Therefore, in this extremely unique instance, our client has authorized us to release the address, such that you may visit the property for an exterior inspection.
In one of GTA’s most affluent neighborhoods, this location would provide the new owner with the perfect opportunity to provide caring personal attention to patients with high dental IQ. This office is well situated and located in a very busy stretch of Avenue Road. There is approximately 114,000 people in this area with the average household income in excess of $160K+. A recent economic study concluded that the two-kilometer stretch from Lawrence Avenue West to Wilson Avenue should retain its predominantly retail character but that it should be a focal point for local residents not just as a place to shop but also as a hub for social interaction and pride of ownership within the community. It is expected that in the next few years significant changes will take place in this area. For example, a handful of new mid-rise boutique condominium buildings are scheduled to be built soon.
Our client is choosing to sell for retirement purposes. Purchasing a ready built facility of this calibre, is a rare opportunity.
On Thursday, July 11th interested parties will be able to view this opportunity between 6pm and 8:30pm. Qualified buyers will be invited to attend the Open at 2042 Avenue Road, Toronto.
Additional Purchaser/Advisor Information:
- Qualified buyers will be provided with the Appraisal for key advisors and lenders to review
- Offers are due on or before noon on Monday, July 22, 2019
- Your offer must be accompanied by a 10% deposit payable to “ROI CORPORATION IN TRUST”
- Our client would like to close as soon as possible
For more information or to attend the Open, please contact Doron Eisenberg, Sales Representative.