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Sale Structure: Share Sale
This is a wonderful opportunity to acquire an underutilized practice in a great location. In addition to the practice, the commercial condominium unit is also for sale, consisting of the dental practice on the ground floor and a 2-bedroom residential apartment on the upper level, with each level comprising approximately 1,200 square feet.
The practice was built in 2010 and has been under the current ownership since June 2017. This beautifully built modern office is operated on a part-time basis, primarily with associates. There is a significant opportunity for growth in this location with a hands-on owner that is willing to embrace ownership.
If you wish to acquire an established practice in an excellent location for less than the cost of new build with the added security of owning the real estate, this is the practice for you.
Highlights of this practice include:
- 4 equipped operatories plus a Pan
- Digital radiography
- 2 part-time associates provide 2 ½ days of dentistry per week
- One hygienist provides 2 ½ days of hygiene per week
- Approximately 600 patients are registered with the practice
- Annual production of approximately $200K
- Neighbouring tenants include a medical doctor, pharmacy and optometrist
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request to those who have completed a ROI Corporation Confidentiality Agreement
- A Confidential Open (by appointment only) will be held on Sunday, September 8, 2019
- The Appraisal will be distributed on Tuesday, September 10, 2019
- Offers must be submitted before noon on Friday, September 20, 2019
- 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
- Our vendor is looking to close this practice sale October 31, 2019
For more information or to book your appointment at the Open on September 8th, please contact Amanda Kotchie, Sales Representative.