Listing Status: Sold

4897

Date Posted: 2023/03/21

East Toronto

ROI Corporation is happy to present to you a wonderful opportunity to acquire a practice operating in the same location for almost 45 years.  This family practice has been a consistent fixture under the same owner, who has been a thoughtful custodian to a familiar group of loyal and local patients.  The practice started out of a 960 sq. ft. unit and in 2010, the practice was able to expand to a total foot print of ~1,600 sq. ft.  The location is in a retail plaza that is situated in a mixed use area (residential and commercial).

This practice has earned an excellent reputation by ensuring that patients are respected, and their needs are listened to. This type of care has allowed the owner of this practice to have loyal, long-standing patients – some of which are now multi-generational. Creating a warm and caring environment takes tremendous effort, attention to detail and well-trained staff.

Our client is committed to a successful transition and will be flexible with the new owner.

Highlights of this practice include:

  • 1,400 patients seen in the last 12 months
  • No advertising efforts – all inbound referrals are by word of mouth
  • 7-10 new patients per month
  • 90% of the patients live within 5km of the office
  • Assignment practice with 70% of patients having comprehensive insurance
  • 4 hygienists delivering an excellent hygiene program totalling 10 days of hygiene/week
  • 2 receptionists and 1 assistant
  • 5 fully equipped operatories in ~1,600 square feet
  • High-traffic area with a mix of retail, residential and commercial economic activity
  • The current term on the lease is 10 years expiring on March 31, 2031

For more information or to schedule an appointment, please contact Jackie Joachim, COO & Sales Representative and/or Constance Oly, Sales Representative.

4896

Date Posted: 2023/03/20

Medical Clinic – Mississauga – Ideally sold in tandem with Ref# 4895, the affiliated Dental Clinic.

This is not your usual listing and will not last. It is a once in a lifetime opportunity to acquire a clinic in one of the fastest growing and most desirable neighbourhoods in the GTA. Situated in the hottest area of Mississauga, the Square One area, this is the rare opportunity to acquire a high demand medical clinic and an affiliated, fast growing dental practice in an adjoining physical space.

The neighbourhood is booming with new high-rise developments and the expanding population needs medical and dental services. The medical clinic consists of walk-in and family practice and employs 7 physicians working in 10 examination rooms. The clinic sees over 4500 patient visits per month and a cardiology clinic is about to be added. Further, the clinic is large enough to be able to offer other high demand medical services such as Botox, aesthetics, audiology, etc. Total revenue from the medical clinic is trending to be upwards of $3.0 million for the fiscal year ending      July 31, 2023. This is exceptional, considering the clinic opened only in November 2020.

The dental practice consists of 7 operatories in 1,430 sq. ft. It opened in 2019 and in only 3 ½ years it has grown to 1,700 active patients and production of $85,000 per month, with many procedures still being referred out. There is one full-time associate and one part-time, plus 4 hygienists. All staff and associates are on written agreements. The owner does not work in the practice. The medical clinic feeds the growth of the dental practice so very little external marketing has been utilized. The addition of a marketing program would serve to further increase the activity in the dental practice but as the medical clinic continues to grow, so will the dental practice.

The medical clinic has an appraised value of $980,000. The dental practice has been appraised for $1,595,640. Ideally, the vendor would like to sell both practices to a single purchaser but would consider selling them separately. You do not have to be a medical doctor to own a medical clinic and while the current owner is not an MD, he is willing to make himself available on a consulting basis to ensure a smooth transition for a new owner.

 For more information, please contact Bill Alton: bill@roicorp.com; at (416) 731-6535.

4895

Date Posted: 2023/03/20

Medical/Dental Clinic – Mississauga – Ideally sold in tandem with Ref# 4896, the affiliated Medical Clinic.

This is not your usual listing and will not last. It is a once in a lifetime opportunity to acquire a clinic in one of the fastest growing and most desirable neighbourhoods in the GTA. Situated in the hottest area of Mississauga, the Square One area, this is the rare opportunity to acquire a high demand medical clinic and an affiliated, fast growing dental practice in an adjoining physical space.

The neighbourhood is booming with new high-rise developments and the expanding population needs medical and dental services. The medical clinic consists of walk-in and family practice and employs 7 physicians working in 10 examination rooms. The clinic sees over 4500 patient visits per month and a cardiology clinic is about to be added. Further, the clinic is large enough to be able to offer other high demand medical services such as Botox, aesthetics, audiology etc. Total revenue from the medical clinic is trending to be upwards of $3.0 million for the fiscal year ending      July 31, 2023. This is exceptional, considering the clinic opened only in November 2020.

The dental practice consists of 7 operatories in 1,430 sq. ft. It opened in 2019 and in only 3 ½ years it has grown to 1,700 active patients and production of $85,000 per month, with many procedures still being referred out. There is one full-time associate and one part-time, plus 4 hygienists. All staff and associates are on written agreements. The owner does not work in the practice. The medical clinic feeds the growth of the dental practice so very little external marketing has been utilized. The addition of a marketing program would serve to further increase the activity in the dental practice but as the medical clinic continues to grow, so will the dental practice.

The medical clinic has an appraised value of $980,000. The dental practice has been appraised for $1,595,640. Ideally, the vendor would like to sell both practices to a single purchaser but would consider selling them separately. You do not have to be a medical doctor to own a medical clinic and while the current owner is not an MD, he is willing to make himself available on a consulting basis to ensure a smooth transition for a new owner.

 

For more information please contact Bill Alton: bill@roicorp.com; (416) 731-6535.

4889

Date Posted: 2023/03/10

Downtown Toronto

ROI Corporation is proud to bring this growing opportunity to market. This is a downtown Toronto practice that is currently experiencing growth as office professionals return to work.

Situated directly in the downtown core, this 20+ year old practice has catered to a myriad of successful and highly insured patients for over 2 decades.  The continued influx of downtown office workers returning to work routines has reflected in strong upward trends, in practice revenue and patient care demand.

This is a non-assignment practice, which is seldom seen in today’s highly competitive dental market. Complimented by a growing hygiene program which generates over 34% of revenue, this practice has all staff and associates on contract.

At 1,300 sq. ft.,  welcoming, modern facility houses 3 fully equipped operatories, with plumbing and wiring for a 4th. An updated sterilization area, large reception room and private office make this the perfect practice for a new owner, as this office returns to pre-Covid production levels, which exceeded $1,190,000.

This is an incredible opportunity to purchase an established practice, that continues to benefit heavily from patients returning to their normal work routines.

Highlights of this Practice Include:

  • Non-assignment practice
  • AAA location
  • Strong lease with security until 2037
  • Associates all on signed agreements
  • Employees all on signed agreements

Additional Purchaser/Advisor Information:

  • A practice profile will be available to qualified purchasers requesting information.
  • The Webinar will be recorded. If you are not available to watch it live, we still encourage you to register as it will be sent to those who qualify following the live event.
  • A Virtual Tour will be provided to qualified parties
  • The Appraisal will be available to all qualified purchasers
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

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

 

 

 

4875

Date Posted: 2023/03/02

UPDATED – Reduced Asking Price 

Durham Region – Previously Listed for $315,140

ROI is delighted to offer an optical store for sale in a rapidly growing town in the Durham Region. This diverse town provides a wonderful sense of community through festivals, events, arts & culture as well as a lively downtown area.

Our client, an optician, secured an ideal 1,350 sq. ft. unit in the heart of the town. Built-in 2018, this modern plaza offers a perfect assortment of tenants. With an expansive parking lot, the plaza never feels crowded or overwhelming. The optical store has exclusivity in the large plaza for an optical clinic and/or eyewear retail store. For the lease, the current term runs until July 2023 with 2×5-year renewals. No demolition clause is in the lease.

Receiving 25-35 new clients per month, the business has been able to serve approximately 900 clients in the past 2 years. Currently run as a solo-owner operator business, a successor who is a licensed optometrist could easily continue to grow the business by offering another layer of services. An optometrist attends the store one day per week. Standardly, they are booked out 2 weeks ahead.

The plaza is surrounded by residential developments with great access to parks and green spaces. It is also well connected for commuters with major highways less than 3km away. The town has all the desired amenities and is poised to support future growth. The new owner could collaborate with other local businesses to further become ingrained in the community.

Highlights of this optical store include:

  • Open 6 days/week
  • 25-35 new clients/month
  • ~1,350 sq. ft. unit
  • Located in a lively retail plaza
  • Exclusivity in the plaza
  • Room to expand service offerings

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A Confidential Open (by appointment only)
  • The Appraisal will be distributed to qualified buyers
  • 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 Roopali Kapoor, Sales Representative.

4861

Date Posted: 2023/01/18

Mississauga – Facility Sale

A superb location in the hot market of Mississauga. This is a 4 operatory practice, fully equipped and situated in a high-traffic medical building on Hurontario Street south, with exclusivity for dentistry in the building. The current owner relocated his patients to a new office 2 kilometers away, although it is likely that some of the patients who live locally would prefer to continue their treatment at this location, as they have been doing for the past 20 years. The landlord is open to writing a 10-year lease for a new owner.

If you are considering doing a start-up, this could be a better option at a much lower price. The location is excellent and there is a realistic possibility of getting referrals from other healthcare professionals in the building. The building is in a residential area and offers lots of free parking. Additionally, electricity and water are included in the rent, as are office cleaning services. A locker/storage area is provided on the ground floor.

For more information about this opportunity or to arrange a time to see the office, contact Bill Alton, bill@roicorp.com (416) 731-6535, Sales Representative.

4742

Date Posted: 2023/01/13

 

Woodbridge – FACILITY SALE

This recently built practice is available for sale in an upscale area in Woodbridge. The office is situated in a retail plaza with excellent visibility from what is a very busy street level. This offering will appeal to a practice owner looking for a new space, a satellite practice or a warm start for an associate looking to ascend the ownership ladder!

Although this is not a goodwill sale, approximately 100-120 patients have attended the practice since it slowly opened its doors less than a year ago. Despite keeping minimal hours new patient flow is estimated at 20 per month. With brand new equipment and leaseholds, the practice consists of three operatories, a pan room, consultation room, sterilization area, lab area and a private office. There is a large basement area with an additional washroom and an open space currently being used as an office. At present two operatories are equipped with one additional operatory plumbed and wired. Both of the operatories are equipped with a chair, cabinetry and x-ray. Total area is approximately 1,600 sq. ft.

This is an opportunity to get into this desirable location right now and not have to be concerned with the exhausting/expensive process of negotiating a lease and building out an office. Suffice to say, the asking price is less than it would cost to complete a comparable project if undertaken today.

Highlights of this practice include:

  • Excellent lease – existing 10 year and right to renew for 3 five year terms
  • High density area with exceptional potential for new patient flow
  • Ground floor location with free parking
  • Newly equipped ops, sterilization area, x-ray area
  • RBC Bank across the street creates foot traffic
  • Turnkey facility for less than you can build today!

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • The Appraisal will be distributed to qualified buyers
  • Appointments to view the practice will be available on an individual basis – following proper COVID-19 protocols
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice

 

For more information or to schedule an appointment, please contact Roopali Kapoor, Sales Representative.

4862

Date Posted: 2023/01/12

Kitchener/Waterloo

ROI Corporation is proud to present an established practice for sale located in Kitchener/ Waterloo.

Our client bought this practice in 2015 and has not practiced dentistry as the office is associate run. The potential to grow revenue is exponential as the current associate takes 2.5 months’ vacation. The office produces approximately $50,000 per month on average with over 40% of this revenue being produced by an efficient hygiene program.

With a committed owner operator this practice could easily increase production from day one of ownership. The successful purchaser may reduce vacation time to increase revenue and continue to be open 4 days per week with no evenings, Fridays or weekends to enjoy the current practice lifestyle balance.

Originally opened in the early 1990’s this practice has provided patient care to this community for almost 30 years. Located in a busy, newly renovated retail plaza, this practice enjoys high levels of foot traffic and ample free parking.

The 1,235 Sq. Ft. facility is home to 4 fully equipped operatories, sterilization area, staff room, private office and more.

This is a great opportunity to purchase and grow an established practice in the Kitchener Waterloo area.

Highlights of this Practice Include:

  • 87% of revenue derived from diagnostic, preventive & restorative procedures
  • Opportunity to expand and increase revenue
  • 1,000+ unique patients seen in the last 12 months
  • 80% of patients are covered by insurance
  • Well managed accounts receivable is less than two weeks billings

Additional Purchaser/Advisor Information:

  • A practice profile will be available to all purchasers requesting information.
  • The Webinar will be recorded. If you are not available to watch it live, we still encourage you to register as it will be sent to those who qualify following the live event.
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review.

 

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

4859

Date Posted: 2023/01/05

Northwest of the GTA 

If owning real estate while building up your dental practice is within your 2023 objectives, this may be ideal for you. The practice is situated 20-30 minutes northwest of the GTA.

Canadian banks have become much more conservative with approving brand-new start-up practice financing because of the immense competition surrounding all existing dental practices. Setting up a brand-new practice anywhere in greater Toronto will cost a minimum of $750,000. Not to mention a minimum of one year to negotiate a brand, new premise lease and obtain building permits.

Our client purchased the real estate with the intent to rent the property and sit back as a real estate investor. He then decided to build out a modest dental practice in the front half of the facility and began to work part-time in this “hobby” practice.

The asking price of the dental practice is $ $299,000 and the asking price of the condominium is $850,000.

The office has been open 2 to 3 days per week on a relaxed daily schedule for the past 4 years. Our client has always taken 6 to 8 weeks of vacation and is now ready to retire.

The practice is situated in a high-growth community on a major thoroughfare. The condominium is street-front (storefront exposure) with two fully equipped operatories and ample room for expansion.

One of the great features of this condominium is the back half of the unit has a 16’ high-ceiling warehouse space with a 14’ roll-up truck door. It would be ideal to suit a variety of other businesses. Complimentary ventures to the dental practice, such as a dental laboratory or dental repair/supply service, would be ideal.

A small mezzanine on the second floor provides additional office and storage space (7ft. ceiling).

The dental practice generates a modest cash flow. Thus, it should be viewed as a warm start rather than a complete cold start/ de novo opportunity. Digital radiography, Panoramic X-Ray, Maxim software.

Our client is ready to close quickly, provided the purchaser is interested in both the dental practice and the real estate acquisition at the same time.

The demographic of this community is distinctly younger families and due to the late career status of our client, he has not been offering hours that are convenient for the young family profile of the immediate area.

Three part-time hygienists each work at the practice one day a week.

Important note:

The full-time Receptionist/Assistant will be retiring in the fall of 2023, making this an ideal opportunity for the purchaser to introduce a family member or trusted employee to take over the senior administrative role in the practice. A new, part-time, dental assistant will also be required.

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided upon request
  • The Appraisal will be distributed to qualified buyers
  • Offers will be presented as they are received
  • Offers should be accompanied by a draft 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 the practice address, please email sales@roicorp.com. 

     

    www.miltondentalclinic.com photographs can be provided to you in advance.

 

 

4857

Date Posted: 2022/12/14

Ottawa – Condo available – asking $210,000

This solo-operated 25-year-old Practice offers the unique opportunity to purchase both the Practice and the property. In today’s business climate, the option to own your property is highly attractive as an investment and guarantees long-term occupancy. Located on the ground floor, this Practice occupies a corner unit in a professional medical condominium building with a private parking lot. The building is located on a main thoroughfare with access to public transit. The 800 sq. ft. suite consists of 2 operatories with room to build a 3rd, a private office, a business office, and a stericentre. The X-ray area is located in a separate area. The Vendor is installing intraoral digital radiography. There is no panorex. However, the X-ray area is ready for the installation of a panorex unit.

The Practice is currently open 3 days/week and employs one dental hygienist and one dental assistant/receptionist. The dental hygienist works 2 days/per week and assists chairside when available.

This Practice consists of a long-term, loyal client base who value the owner’s attention to patient care. There are approximately 160-200 active patients who generate approximately $160K in annual revenue. Net earnings to the owner is 50% after adjustment for rental income. This Practice will be particularly attractive to a dentist who is interested in working part-time and owning their own Practice and property. There is also a tremendous upside for a new owner who is interested in adding endodontic and orthodontic treatment to the Practice.

Key Timelines for Purchasers

  • The Confidential Practice Profile is available now.
  • Valid, complete Offers will be presented to the Vendor upon submission.
  • All offers will be prepared on the ROI template for review by your advisors.
  • Closing is preferred within 60 days of acceptance of the agreement by both parties.

 

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