Ref# 5391
North GTA
This state-of-the-art orthodontic practice opened in 2013 and has experienced consistently excellent financial results. The practice is situated ground floor in a high traffic retail plaza in north GTA. It is a large facility of 2,356 sq. ft. with 5 chairs in the treatment area plus 2 consult rooms with chairs. Additionally, there are 3 private offices and a staff room. The practice is bright and cheerful with vibrant colours and play stations, especially appealing to children.
The lease runs to October 2033 with one 5-year renewal option. There is no demolition clause in the lease but the practice does have exclusivity for ortho in the plaza.
An orthodontist attends the practice only 3 days per week but two full-time hygienists attend 4 days per week. In addition to the owner, there is one part-time associate. Despite the limited clinical hours, the practice is expected to gross over $1.8 million this year with substantial cash flow. The practice does not accept assignment of insurance, so accounts receivable are minimal.
This well established, successful practice represents an excellent opportunity for a hands-on orthodontist or an investor specializing in associate run practices.
Highlights of this practice include:
- Large facility, 2,356 sq. ft.
- 5 chairs in the treatment area plus 2 consult rooms with chairs
- Current term to October 2033 with a five year renewal option
- No demolition clause – long-term stability for the incoming tenant
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- Showings will be arranged on an as requested basis, with the appraisal to be provided prior to the showing
- Offers will be considered as received
- 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