Listing Status: Multiple Offers Registered

5009

 

YORKVILLE

URGENT: Sadly, our client passed away yesterday. She had not worked in the practice for many years due to a long-term illness.
This is now an immediate sale. Yorkville, Toronto location.
Associates continue in place to provide care for the patients.

Do you tend to embrace opportunities for strategic growth? This is the ideal moment for both the visionary new owner ready to build their dream office and individuals with an existing practice in the area.

The growth opportunity lies in the lease: with an insightful perspective, consider this an opportunity for strategic planning. You have 4½ years remaining on the lease’s current term, with an additional 5-year renewal option to extend your presence. There is an impending building sale, which will likely result in demolition and relocation, and although the sale is scheduled to close in July 2025, there has been no notice of demolition at this point.

This relocation becomes a chance for a new owner to explore new horizons and position your business for even greater success in a fresh and dynamic location. Take over the practice in its current location and welcome over 1,000 active patients from day one. In the coming years, familiarize yourself with the patient base and staff while planning for the probable move when the time comes.

For individuals with an existing practice in the area, this opportunity is perfect for seamlessly integrating a loyal, multi-generational patient base to drive immediate revenue growth. This well-established family practice has proudly served the community for over four decades, so you can expect intelligent patients.

Presently, this practice is entirely associate-driven, with 4 associates providing just over 60 hours of dentistry per week, complimented by 3 hygienists delivering just under 70 hours of hygiene treatment per week. There is also an office manager, receptionist and 2 assistants.

The Vendor is open to flexible terms of sale amidst the pending demolition, including a possible vendor financing option.

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • Showings are available upon request
  • Offers will be presented as submitted
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For more information or to schedule an appointment, please contact Amanda Kotchie, Sales Representative.

4992

Ottawa – Nepean

ROI Corporation is delighted to offer this exceptional practice for sale.  The success of the practice is a testament to the Vendor’s commitment to providing the highest quality of care while focusing on his patients’ well-being.

The practice has been owned by the Vendor for 30 years where he started as an associate prior to purchasing.  Current staff includes 3 part-time associates and 2 dental hygienists who provide 8 days of preventive services.  There are approximately 1600 patients attending the practice, and last year, there were over 2,500 hygiene appointments.  The practice provides most services, including surgery, but refers out orthodontics and re-treats for endodontic treatment.

With a key location in an indoor mall, the practice is not open on weekends, but this could easily be scheduled.

This fiscal year’s revenue was over 1.3M and has been relatively steady since 2020.   Cash earnings to the Vendor are extremely attractive at 47%.  Cashflow to a new buyer is $315,000 while servicing the debt.

The practice was renovated in 2014 and consists of 6 fully equipped operatories plus 2 additional ones that are plumbed and wired.  The 2,260 sq. ft. suite comprises of a stericentre, laboratory, private office, manager’s office, and staffroom.  Radiographs are digitally saved, and patient charts are paperless.

The Vendor will assist in the transition of the sale at a reduced schedule.

Highlights of the practice include:

  • Established and predictable revenue stream at over 1.3M
  • Large – 6 fully equipped operatories and 2,260 sq ft.
  • Stable staff on contracts
  • Located in an indoor shopping centre with popular anchor tenants.

Additional Purchaser/Advisor Information:

  • Practice Profile is available now.
  • Practice Open by appointment
  • Practice Appraisal available
  • 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 in early 2024

For more information or to schedule an appointment, please contact Ann Wright,  Sales Representative.