Ref# 5358
GTA East
ROI Corporation is delighted to present this excellent opportunity for ownership in the east end of Toronto. An excellent opportunity for ownership in a well established and busy practice, this will be a share sale. Our client’s transition is flexible.
Located in a busy medical professional building, for over 40 years, this practice is the busiest in the building. Our vendors have enjoyed successful careers and are now ready to transition away from management and ownership. A new owner is poised for success by building on a strong annual revenue of just under $1.4 million through an excellent hygiene program of over 37%, consistent flow of new patients, retaining the 15+ procedures currently referred out and expansion of hours. The area has benefited from new condo projects, including a major 43-storey high-rise redevelopment located within walking distance of the practice.
Highlights of this facility include:
- Over 1,200 active patients
- 10-15 new patients each month
- Extremely strong hygiene program delivered by 3 hygienists (and temps when needed) representing approximately ~37% of production. 90% of recall patients come every 3 months.
- Excellent opportunity to expand hours as the clinic closes most weekdays at 5pm – no evenings and open until 2pm on Saturdays.
- Assignment practice with 90% of patients with excellent coverage. Minimal social service and practice accepts CDCP.
- Clinic has 4 operatories in just under 1,900 sq. ft. of space
- Monthly rent is reasonable and the lease is up for renewal with the vendors expecting a 5+5 Current lease runs until 2036 with renewal options. A demolition clause will take effect after November 2034 however landlord has confirmed there are no plans for demolition and continues to invest in the maintenance of the property.
- Excellent collection policy
Additional Purchaser/Advisor Information:
- Interested parties are invited to attend an information webinar hosted by Jackie Joachim, Chief Operating Officer & Sales Representative on Wednesday, May 20th at 7pm. Please click here to register.
- Open will be scheduled for Sunday, May 24th from 1pm to 3pm
- The Offer Request Form available upon request
- Offers are due on or before Monday, June 8th at 5pm
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review