Listing Status: New

5026

DURHAM REGION

It is an honour to represent our client in the sale of this top-tier dental practice as they pursue a lifestyle transition out of the province.

This five-operatory practice is ideally located in a charming and rapidly growing community less than an hour away from Toronto. The highly sought-after retail location is complemented by several traffic-drawing anchor tenants and surrounded by residential homes with multiple new condo developments underway.

Strong business systems and a skillful, friendly team have directly translated to organic growth, which is also illustrated by the strong financial stats. Despite the turn-key appeal of this practice, upside potential exists both in a steady stream of specialty services currently being referred out and the ability to tap into marketing potential.

Our client’s lease favourably extends until 2037. This said, and as commonly seen in larger retail developments, a demolition clause exists with a 6-month notice period. Thankfully this is a clause that exists with a multitude of mitigation that should provide comfort. We have been able to secure confirmation that other tenants in the same development have unencumbered tenancy that extends 20+ years. The plaza and building have benefitted from recent CapEx improvements that underline the landlord’s long-term commitment. The same landlord has given written confirmation that they have no plans to redevelop the plaza and have indicated that they might entertain some appeasement of the terms. Buyers and the associated financiers should be comfortable assuming an assignment of the lease in an “as is” state and will, of course, be given preference in a competitive situation. The demolition clause is reflected in the appraisal and asking price.

Highlights of this practice include:

  • Cash earnings are well above industry standard at 49% of gross
  • A strong hygiene program accounting for 40% of revenue
  • 2,742 unique patients have attended the practice in the past 12 months
  • Equipment and leaseholds are immaculately maintained, offering a warm and inviting environment for patients
  • The practice is fully digital, including x-ray, a Panorex, and clinical records
  • 25-30 new patients per month with no advertising efforts in place
  • Ample, free parking

Additional Purchaser/Advisor Information:

  • A Practice Profile will be available to qualified purchasers within 24 hours of your request
  • A Confidential Open will be held on Sunday, February 25, 2024
  • The Appraisal will be available to all qualified purchasers on Monday, February 26, 2024
  • Offers are due on or before 5:00 PM on Thursday, March 7, 2024
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

 

For additional information, please contact Alexis Sweetnam, Sales Representative.

 

 

 

5022

Vaughen

ROI Corporation is proud to present this consistent, long-standing general practice located in Vaughan, Ontario

Generating an average monthly production of more than $56,100, this practice has treated over 1,032 unique patients in the last 24 months. Situated on ground level and on the main thoroughfare in the community, this practice has offered patients dental care for over 25 years.

This opportunity is suited for any style of dental practitioner, as 93% of revenue is produced by Diagnostic, Preventative and Restorative procedures, with several specialty treatments referred out each month. The impressive hygiene program produces 41% of the practice’s revenue.  This practice is only open three days per week, with no evenings or weekends, allowing the purchasing dentist to expand hours and increase revenue.

A highly efficient use of 750 Sq. Ft creates a low-overhead environment, where virtually every inch of this clinic produces income and prioritizes profitability. The facility houses two fully equipped operatories, a sterilization area, a staff room and more.

This is an excellent opportunity to purchase and grow a profitable practice.

Highlights of this practice include:

  • 41% of revenue generated by the hygiene program
  • Strong lease with no demolition clause
  • Rental expense below industry averages (only 4% of annual revenue)
  • Substantial, highly recognizable signage
  • Ample free parking

Additional Purchaser/Advisor Information:

  • A practice profile will be available to qualified purchasers requesting information.
  • A confidential Open will be held on Sunday, February 25th, 2024
  • A Webinar will be held on Wednesday, February 21st, 2024
  • CLICK HERE TO REGISTER FOR WEBINAR  
  • The Appraisal will be available to all qualified purchasers Wednesday, February 21st, 2024
  • Offers are due on or before 5:00 PM on Friday, March 8th , 2024
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

 

For additional information, please contact Nicholas Boyle, Sales Representative.

5019

Vaughan

In “The City Above Toronto,” we are excited to offer a large 7 operatory practice in a retail plaza setting. This large plaza is located at the intersection of two major arteries. This is a busy plaza, and there is only one dental practice, one that enjoys exclusivity in the plaza. The practice has been here since 1986 and has been under the current ownership since 2018.

The practice is primarily owner-operated, although there is no dentist on Wednesdays or Fridays due to other commitments. A part-time associate attends the practice every other Saturday. Three hygienists keep busy, providing 6 days of hygiene per week and contributing 35% of the gross production.

The lease runs to October 31, 2029, although the landlord has expressed interest in negotiating an extension with the new owner.

Annual production is approximately $1 million based on 4 days of dentistry per week. There are approximately 1,400 active patients and 15-20 new patients each month. There is plenty of opportunity to expand the scope of this practice and room to do it. A committed owner should do very well here.

Conditions of this sale are as follows:

  • A profile of the practice can be provided to qualified applicants who have completed a ROI Corporation confidentiality agreement
  • An Open, by appointment, will be held on Sunday, February 11, 2024
  • The full appraisal will be provided to interested parties who have registered for the Open 2 days prior to the Open
  • Offers will be due not later than Friday, February 23, 2024
  • The preferred closing date is March 31, 2024

For more information or to book an appointment for the Open on Feb. 11th, contact Bill Alton, Sales Representative.

5015

  Toronto

Do you wish to make a real estate investment that is married to your professional skill set? Do you want freedom to practice unencumbered by callous landlords? Perhaps you wish to live in or potentially derive passive income from leasing a unit. Do you wish to make a two-fold investment and build equity in not only a real estate play but also a professional practice and then sell when and how you want without the concern of a potentially distressed lease? You get it…….

This is a special opportunity to become rooted into a neighbourhood that blends a charming historic Toronto location with a well-established goodwill foundation to build upon. Enjoy succeeding a late career, gentleman dentist who is more than happy to work a reduced schedule moving forward, allowing for optimal goodwill transfer.

Owning this dental office is ideally suited to an owner operator looking to create equity in a business and building that would ordinarily have natural barriers to entry. With light rail and high street convenience literally on your doorstep, the opportunity screams for the vigour of a new owner bringing modern ideas and energy to a community favourite.

Highlights of this practice:

  • Own the real estate
  • Exceptionally low AR
  • Public transit on your doorstep
  • ~800 active patients
  • ~10 new patients per month
  • 90% of patients live close by
  • Hygiene program led by our owner. Hiring a hygienist is an immediate growth option
  • Significant scope to increase the practice opening hours and staffing levels
  • The practice is mostly non-assignment
  • Significantly under marketed given the abundant storefront visibility

Additional features of this practice include:

  • A Practice Profile will be provided within 48 hours of request to those who have completed a ROI Corporation confidentiality agreement
  • A virtual tour will be provided to qualified parties on the evening of Thursday, 8th February 2024
  • A Confidential Open (by appointment only) will be held on the morning of Sunday, 11th February 2024
  • The Practice Appraisal, in its entirety will be released electronically to interested parties on Monday, 12th February 2024
  • Offers are due on or before Noon on Thursday, 22nd February 2024
  • Within 48 hours of acceptance of an offer we request a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice.
  • Our client prefers a closing date in Spring 2024

For more information or to schedule an appointment, please contact Mr. Robert Spillane Sales Representative.

 

 

 

 

 

5013

Vancouver

In today’s competitive market, ongoing attendance from patients is vital. Nowhere is this felt more than in the City of Vancouver. Given the dentist-to-population ratio in the City, more is better when it comes to patients!

ROI is very pleased to present an affordable Goodwill and facility agreement opportunity for your consideration. Having a secured lease/facility agreement is critical these days when planning for the future and the continued growing success of the practice.

Yearly, this practice has seen 994 unique, active patients over 3.5 days per week with a gross revenue of $440K.

The dentist focuses on ethics, professionalism and quality care in the patient’s best interest. Revenue is derived from a broad general practice base, primarily from restorative, preventive, surgery and periodontics. In addition, there is room to grow in other procedure codes.

A strong recall program has 20% of the patients coming every 3-4 months, 70% every 6 months, 8% every 9 months, and 2% every 12 months.

The owner is enthusiastic to support a transition with the patients to ensure the maintenance and transfer of goodwill.

Don’t miss this exceptional opportunity to capture a robust patient base and a secured long-term lease for growth, all providing recurring revenue for your successful professional future.

Highlights of this practice include:

  • street front, highly visible
  • busy walk-by location, also ample free parking
  • 3 state-of-the-art ops
  • 3.5 days per week
  • growing community, mixed commercial and residential
  • fully digital including Pan
  • robust, loyal patient base
  • 8-10 new patients per month
  • strong hygiene recall program
  • staff on employment contracts
  • secured lease/facility agreement

Additional Purchaser/Advisor Information:

  • A Highlights Booklet/Appraisal will be provided within 48 hours of your request
  • A Confidential Open (by appointment only)
  • Offers will be presented 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

 

For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Associate and/or Elliott Broad Associate.

 

 

Due to the nature of the situation, we are in process of completing the appraisal.

OTTAWA DOWNTOWN GENERAL PRACTICE AND BUILDING

THE PRACTICE
This is a unique opportunity to purchase a well-managed, efficient general practice and building in the downtown core of Ottawa. The practice is located on the main floor of a fully renovated heritage building.  The new owner will have the option to expand to the upper floors or lease to a new tenant.  Please note: Both the practice and building must be purchased together.

This established solo 20 year practice has been in the current location since 2004. The owner, a very caring practitioner, placed a high value on the dental health of his patients which is evident from the number of long standing patients who attend the practice.

The practice has two very large operatories, a staff/sterilization room, business office and private office.  Up until May, 2016, the owner practised 4.5 days a week and the dental hygienist 3 days per week.  The practice employed one dental assistant and the owner’s spouse operated the business desk.  Total revenue in 2015 was $431,335 with net earnings of approximately 37%.

The practice is not computerized, but a physical count of the charts indicates that of the 1,470 charts, approximately 850 patients were treated in the last year.  The owner was always concerned about his patients’ ability to afford dental treatment and his practice philosophy was to provide conservative treatment when possible.  Therefore, a new owner will benefit from the opportunity to provide major restorative treatment as well as endodontic, periodontal and oral surgery and orthodontics.

Sadly, the owner passed away in July.  The practice, however, is still operating on a part-time basis.

THE BUILDING
The 3-story brick building was built in 1912 and is in excellent repair.  It has three fully renovated floors plus a renovated lower level.  The main floor is approximately 1,500 sq. feet and the total square footage of the building is 3,550 sq. ft. above grade with 1,500 sq. on the lower level.  The second and third floors are available for commercial lease, but are vacant at the moment pending the sale of the building.  They were previously leased at an annual rent of $42,678 gross.  The lower level was occupied by a family member and used as a banquet/wedding venue.  Projected rental rate for this space is between $12,000 and $18,000 gross annually.  The property is zoned R5D (82) H9107 and continuation of a dental practice is permitted (legal non-conforming usage).

There is parking for 10-12 cars in tandem on the site.

Additional Purchaser/Advisor Information:

  • The appraisal is in process and will be available by the end of August
  • We will have preliminary information available at the Opens
  • Two Confidential Opens (by appointment only) are scheduled: Saturday, August 13, 2016and Sunday, August 21, 2016
  • Offer deadline for the practice and building isMonday, August 29, 2016
  • Acceptance of the Offers by the Vendor’s estate by Friday, September 2, 2016
  • Conditional period will extend to Friday, September 16, 2016
  • Preferred closing of Friday, September 30, 2016 or early October

For additional information or to book an appointment, please contact Ann Wright.