Listing Status: Sold

4718

Niagara Region

ROI Corporation is delighted to represent this long-established optometry practice located in a picturesque bedroom community! Our client purchased the practice over 40 years ago and has been dedicated to maintaining the highest standard in technologies and patient wellness. Their commitment to quality care and compassion has contributed to the practice’s ongoing success. In 1991, the practice relocated to a custom-built facility consisting of an over 2,000 sq. ft. main floor, plus a basement with a similar footprint providing a staff oasis and ample storage.

In addition to the owner’s 3-day work week, two associates provide a combined 7 days per week to support patient demand. An effective team of 10 technicians assist in the coordinated flow of day-to-day business. The operations of the office are fully digital; utilizing practice management software. Patient satisfaction and endorsement are the source for 75% of inbound referrals.

To further add to the appeal of this remarkable practice, the building is also available for sale. The property offers immaculate landscaping and ample parking. North of the practice is the downtown of this community, which has recently had investment in new residential condominiums. The purchase of the real estate provides the new owner with long term security as well as an excellent investment in a growing community.

Highlights of this practice include:

  • Building available for sale with an asking price of: $1,250,000
  • 60 cases/month are referred out to ophthalmologists
  • Advertising expenses account for less than 1% of gross revenue
  • Pre-test room plus 4 exam rooms
  • Traditional office hours from Monday to Friday
  • 2 washrooms (staff & patient)

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • 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.

4787

Edmonton Suburb

ROI Corporation is delighted to offer this spacious, deep-rooted practice in a flourishing bedroom community of Edmonton. The ratio of population per dentist in this town is excellent. Situated in an established mall with several well-known anchors in the centre of town, this is a desirable location!

Highlights of this practice include:

  • Owner established clinic in 1987. Outgrew the space and built out a new location in the mall in 2001. Ample, free parking and exclusivity in the mall.
  • 1,830 sq. ft. Four fully equipped operatories + one plumbed
  • 4-day work week, no early mornings, evenings, or weekends
  • Decrease in revenue over past two years due to doctor’s health concerns
  • Well managed. Assignment practice with extremely low A/R
  • Hygiene accounts for over 30% of production
  • Two 5-year renewal options can extend the current lease to 2033
  • Very bright clinic. Large, expansive opts.
  • An excess of dental services referred out every month
  • No marketing or advertising except for website

Additional Purchaser/Advisor Information:

  • The profile and appraisal will be distributed prior to the Webinar to the registrants who have completed a ROI Corporation confidentiality agreement
  • Within 48 hours of acceptance of an Offer we will require 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 additional information, please contact David Raborn or Dr. Wayne Raborn, Sales Representatives.

 

4734

 

 

London, Ontario

This well-established optometry practice was founded in 1987 and is a long-standing centre of influence in the community. After a rewarding career, our owner has decided to retire from the practice and sell to the next caring doctor.  The practice is located on the ground floor of a busy professional building on the main road. The building is well maintained and has excellent street exposure with abundant free parking. This practice is in a central location in a high-density residential area with room for expansion.

The practice operates on a convenient schedule of 5 days per week.  An associate has been working since 2020. No extended evening or weekend hours are offered leaving any successor an option to quickly increase income with more exam hours.

The office features a large open showroom, kids’ section, and business/reception area. It includes a pre-test room, 2 exam rooms, a contact lens room, a field analyzer room, and a laboratory with Essilor edging system. The practice deploys “IFILE Cloud software.”

Highlights of this practice include:

  • Well established, solo-owned ECP Practice
  • Two fully outfitted exam lanes, pre-test area featuring OCT and quality equipment.
  • Paperless office.
  • Outstanding patient to doctor ratio in the community
  • 42.2% cash earnings

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request to those who have completed an ROI Corporation Confidentiality Agreement
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
  • Site visits to the practice will be arranged
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

 

For more information, please contact Roopali Kapoor or Lance Edwards, Sales Representatives.

4736

North of Muskoka

ROI Corporation is pleased to present this fantastic opportunity to be the only dentist in an active and growing community, enjoying festivals, markets and beaches. A rural practice but only a 40-minute drive to a city and with good highway access to Toronto, which is only two hours away. Located in what could be termed the “near north.” This opportunity offers an outstanding work/life balance in this exceptional location.

It is a busy, fully staffed office, currently associate run. The practice was built in 1989, although with the current owner since 2019. There are 3 operatories plus a Pan in 1,240 sq. ft. Presently, the practice is doing 4 ½ days of dentistry per week and 7 days of hygiene with one associate and two hygienists. No evening or weekend work.

With location security often hard to find in today’s market, this practice has a firm lease until 2039, with no demolition clause. You enjoy exclusivity in the street-level strip plaza in which the practice is situated. Patients appreciate the highly convenient store-front office with excellent visibility and no parking issues.

In 2021 gross billings were $769K and the trajectory is up. There are approximately 1400 active patients.

Highlights of this practice include:

  • Radiography is digital with sensors
  • Practice management software is Dentrix
  • The practice utilizes the RecallMax recall system

Additional Purchaser/Advisor Information:

  • A profile of the practice will be provided to qualified applicants who have completed a ROI Corporation confidentiality agreement
  • The full appraisal will be provided to those who book an appointment at the Open two days prior
  • Offers will be due no later than Friday, May 6th
  • Closing should be scheduled not later than June 30, 2022

For more information please contact Bill Alton, Sales Representative.

 

 

4754

Central Fraser Valley

It is with great delight that ROI Corporation announces the opportunity to purchase this one-of-a-kind dental practice in the scenic Central Fraser Valley. This spacious full-spectrum dental office is perfect for the dentist who does it all! As a red-hot province-wide real estate market sheds light on options east of the Port Mann Bridge, the secret is officially out on the Central Fraser Valley. The years of care and dedication that have gone into this practice are sincerely evident when stepping foot inside the office. Conveniently located just minutes from the highway, in a high-density residential neighborhood, commuting to this practice is a breeze for both patients and doctor alike.

The strongest advocates for this practice are the patients themselves, who are quick to boast about their experience both online and to their friends and family. From entering the tranquil reception area featuring a soothing waterfall feature to booking their follow-up appointment with the friendly front desk staff, the entire process sincerely surpasses all expectations. This positive patient experience has created a loyal, trusting patient base and, in turn, a practice with incredibly strong cash flow.

The ground-level floor of the practice is a roomy ~1600 square feet, currently set up with 5 operatories and plumbed for 6. The upstairs features an additional ~600 square feet and contains a lofty staff room, bathroom and private office. Presently, the practice only operates out of 4 operatories. With hygiene booked 10-12 weeks in advance, there is certainly room to grow alongside this booming city. Thanks to his loyal and engaged staff, our vendor enjoys a 4-day workweek. Additionally, as the owner of the building, our vendor is committed to ensuring a smooth and successful transition period for the subsequent practice owner. Whether you want to plant roots in this rapidly developing city or commute from the surrounding areas, this one-of-a-kind practice should not be missed.

Highlights of this practice include:

  • ~2,212 square foot space with 5 operatories and plumbed for 6
  • Owner schedule: 33 hours weekly; 8 weeks of vacation yearly
  • Over 1,600 patients seen in the past 12 months
  • Vendor owns building and can guarantee 10-12-year lease
  • Growing patient list with potential to further develop hygiene
  • Newly purchased Pura Air central air filtration system
  • Incredibly strong cashflow
  • Owner is open to discussions on selling the building as part of the offer.

Additional Purchaser/Advisor Information:

  • A preview will be completed with all interested purchasers by appointment only.
  • A viewing of the Appraisal will be available upon request to pre-qualified purchasers.
  • Offers must be submitted on or before Friday, April 29th,
  • ROI Corporation will prepare all offers conditional upon your advisors’ review.
  • The accepted offer must follow with a 10% deposit within 3 business days, payable to ‘ROI Corporation IN TRUST.’
  • Our client is looking to close by early Summer 2022.

For more information or to schedule an appointment, please contact Elliott Broad Sales Associate.

4748

Scarborough

5 Reasons you will be Interested in this Practice:
  1. Great location at a major intersection
  2. Ground floor, store-front practice in a medical health building with good signage and ample free parking
  3. Very stable practice, built-in 1992
  4. 5 days of hygiene per week
  5. Fully staffed with long-term staff who are on written agreements

The owner of the practice is selling for health reasons. Due to a medical issue, he has not practiced since March 2021. Currently, there are only 1-2 days of dentistry per week which is being done by an associate. This presents a great opportunity for a new owner as the practice has a large patient base and there is work waiting to be done. Due to the owner’s absence, production has declined in the past year. The annual production is currently $400 – $500K

The office consists of 3 operatories in 1158 sq. ft. Radiography is not digital and there is no Pan but this well-established, fully staffed practice represents an exceptional opportunity for an astute buyer.

Conditions of this sale are as follows:

  • A profile of the practice will be provided to qualified candidates who have completed a ROI Corporation confidentiality agreement.
  • A complete appraisal of the practice will be provided to interested parties.

For more information or to schedule an appointment, please contact Bill Alton, Sales Representative.

4749

Central GTA

ROI is ecstatic to welcome this remarkable opportunity to purchase a 5-op, family-centred practice! Originally established in 1981, and operating from the current location since 1993, our client has been devoted to forming meaningful relationships with the surrounding community and a strong dental team.  Our client owns the property which is also available to purchase.

The practice is in downtown Toronto between Bloor Street and Front Street. Well-known known for being one of the best places to live in Toronto, the neighbourhood offers homey coffee shops, fashionable eateries and independent boutiques and shops. The streets are lined with Victorian homes with access to the TTC on nearly every corner and just minutes from the madness of “the core”. While always vibrant, the neighbourhood has changed dramatically in the past ten years becoming even more trendy.  Many new developments in the recent years have increased the population density as well as potential new patients.

The main and second floor which houses the dental office spans approximately 1,800 square feet.   The basement is approximately 500 square feet.  On the main floor there are 5 operatories, upgraded sterilization centre, reception and waiting area, patient washroom as well as laundry room/storage area at the back.  The private office, staff room, 3 pieces staff washroom and kitchen are located on the second floor. Great lengths have been taken to ensure clinic is COVID compliant.  HVAC (central cooling and heating) is equipped with HEPA-UVC-PCO air cleaner.  Glass doors have been installed to enclose operatories along with surgically clean air purifiers with HEPA filters and UV lights.  With the clinic facing south, plenty of sunlight fills reception creating a warm and welcoming environment.   The practice strikes the perfect balance of feeling comfortable and welcoming while offering top of the line technologies. Over the years, the office has undergone several renovations to ensure patient comfort and care. The practice converted to digital x-rays in 2017 however, paper charts continue to be utilized.

The patients respect the dentistry offered and follow through with recommended treatment.  A strong recall program is in place with 60% attending every 4 months and 40% every 6 months.

The patient base is diversified averaging 15 new patients per month. There are over 1,200 active patients. The practice accepts assignment and follows strict financial policies.  Co-payments are collected either at the time of appointment or at their next appointment for longstanding patients.  Written estimates are given before major treatment and patients sign financial contracts if payment plan is arranged for treatments such as Invisalign.  Marketing efforts are nominal, which is usually the case for these well-established, multi-generational offices. All inbound referrals come from current patients.

The practice is open approximately 39 hours or 5 days per week. The office is closed on Fridays. This practice will provide the new owner with the great potential to further develop the practice. Evening hours as well as Friday hours would provide great convenience to the many families and young adults who attend the office. Additional hours could easily be supported by the demand of the current patient base.

After 42 years in practice, our client is choosing to retire.   A smooth transition will be provided to ensure the new owner’s success.

Highlights of this practice include:

  • Excellent Google reviews
  • Well-trained staff all on written contracts
  • Hygiene team generates 28% of Gross
  • 98% of the patients live and work within 5km
  • Assignment with 90-95% patients having comprehensive insurance
  • Minimal accounts receivable
  • Excellent signage on the building and property
  • Opportunity to own building or an excellent lease without a demolition clause and first option to purchase will be provided
  • 15 new patients/month
  • 1 Associate; 2 hygienists
  • Marketing efforts are focused mainly on social media and the physical location

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

4746

Toronto

ROI Corporation is proud to present a well-established, beautifully built general dental practice in the heart of Toronto, Ontario.

Established in 1958, this practice provides superior dental care to a high IQ patient base. This warm, modern space was newly built in 2015 and enjoys unparalleled natural light. Spanning ~1,633 sq. ft., this facility offers 4 fully equipped operatories, a sterilization area, staff room and more.

An experienced hygiene team comprised of 4 hygienists produces 36% of the practice’s revenue. This efficient team contributes to the monthly production average of approximately $98,500. Open 3.5 days a week and performing minimal specialty work, the opportunity to increase the already strong cash earnings of $680,500 is easily realized.

The owner is looking to transition out of ownership after a fulfilling career of servicing the dental needs of a loyal patient base. Ideally, our client is looking to stay on for a long-term transition with the practice to continue to provide patient care and ensure the goodwill is transferred.

This is an incredible opportunity to purchase a long-standing, consistent and highly profitable practice in a highly desirable area of Toronto, Ontario.

Highlights of this practice include:

  • Non-assignment practice
  • Economically strong and vibrant area
  • Rent expense has been negotiated to well below industry and area average
  • Remarkable natural lighting
  • Room to expand hours
  • ~1,826 unique patients seen in the last 12 months

Additional Purchaser/Advisor Information:

  • 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 Robert McDonald or Nicholas Boyle, Sales Representatives.

4743

Barrie

ROI Corporation is thrilled to present a very special opportunity to purchase a top tier family practice in beautiful Barrie. Inward migration to this area has shot up in recent years, owing to a public wishing to live, work and play in this highly desirable location. A commitment to excellence from our talented and professional owner radiates out of every facet of this rarefied offering. The office and its multiple complimentary neighbours enjoy significant vehicular traffic owing to a convenient location amongst numerous commercial and residential developments from where an exceedingly happy patient base is derived

Patients that attend this office bristle at the charming and skillful service delivery in a multitude of unsolicited online reviews. Our owner dreamt big when establishing this office, and through hard work and the fostering of a positive internal and external culture, they have created a remarkable business for another dentist or group of dentists to continue. The office keeps traditional hours, with our solo dentist enjoying the opportunity to take significant vacation time thanks to an ability to delegate to a rockstar team of employees. Further upside potential exists in a steady stream of referrals that would keep any surgically inclined dentist very busy

An exceptional office culture is complimented by a gorgeous 3500 Sq. Ft. 5 operatory facility. No expense was spared in creating this unique space that blends the latest technology with professional design, creating a superior experience for both staff and patients. The long-term future is bright with exclusivity, immaculate signage, and room to grow.

Highlights of this practice include:

  • Notable and accessible referrals for Implant, Orthodontic and Oral surgery procedures.
  • Significant room to extend current opening hours. < 35-hour workweek
  • Premise lease extends to 2034.
  • Room to expand
  • The vendor wishes to make themselves available for a healthy transition
  • Non assignment practice
  • Hygiene schedule booked till summer 2022

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of request to those who have completed a ROI Corporation confidentiality agreement
  • The Practice Appraisal available
  • 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 May 2022

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

 

4740

GTA West

A successful practice is the reflection of an owner’s dedication to patient care, hard work, determination, and the desire to always be improving. ROI Corporation is exceptionally proud to have the privilege of representing such an owner. Our latest listing encompasses a highly successful dental practice that has served the community for over 30 years. Our client has decided the time for retirement has come and therefore, is prepared to hand over the reins to a new owner. A transition will be provided to ensure the purchaser continues to benefit from the efforts of the vendor.

The real estate is also for sale, making this a significant investment on the part of the buyer.   As this total offering is in excess of $6 million, we must ensure our client’s privacy by spending time pre-qualifying interested parties.

The practice is well connected via major arterial roadways, proximity to highways, GO stations and several bus routes, thus making it extremely easy for patients & staff to attend. Offering excellent visibility, the office’s signage provides easy marketing to the surrounding residential area. The area has seen many new developments in recent years, increasing the population density as well as potential new patients.

The practice originally began in 1989 and then moved to its current location in 2002. The office is fitted with 8 operatories, 5 of which are fully equipped, with plenty of room to expand. The massive 4,000+ sq. ft. footprint of the building provides ample opportunity to further develop the facility. The upstairs contains a spacious reception area, business office, manager’s office, consult room, admin office and private office. The sterilization area is centrally located on the main floor and fully compliant with all IPAC protocols. Downstairs boasts an in-house lab, large staff room, ample storage, and more opportunity to further customize the space. There are also 4 washrooms – one for patients on the main floor, 2 staff washrooms downstairs and one in the private office for the owner. Our client owns the real estate and wishes to sell it with the practice. A property appraisal is in progress, but the anticipated value will be in the range of $2.8 to $3 million. A new owner will never have to deal with a landlord, demolition, or increasing rent. This will be an asset that will continue to appreciate.

The dental office has one dentist and an exceptional hygiene program, accounting for 43% of total production. Approximately 15 total outbound referrals are made monthly for ortho, implants, surgeries, and pediatrics. The traditional hours reflect a well-established owner totaling 37 hours per week.   Our vendor does not work Fridays or Saturdays, and given the residential neighborhood, hours can easily be expanded. A team of 3 hygienists offer 74 hours weekly of treatment. In the last 12 months, almost 2,000 patients were seen, and the practice averages 15 new patients per month. Marketing efforts are nominal, which is usually the case for these well-established, multi-generational offices.   All inbound referrals come from current patients.

The patients are a mix of ages and cultural backgrounds, and the majority live or work in the area.   It is an assignment office, with 80% of patients having comprehensive insurance, and there are no social service patients in this office. Accounts receivable are nominal with less than $6K over 90 days, showing the strength of the business operations. The team members are skillful, devoted and all have a written agreement with the practice.

Highlights of this practice include:

  • Building also available for sale
  • Approx. 15 cases referred out each month
  • Very low accounts receivables
  • Approx. 15 new patients per month – referrals
  • No providers work on Fridays or Saturdays
  • ~4,700 square foot facility with 5 fully equipped operatories
  • Well documented protocols for practice management, sterilization, health and safety, human resources, COVID protocols, etc.

CRITICAL DATES:

  • A practice profile and virtual tour will be available upon request
  • An information booklet will only be provided to pre-qualified purchasers
  • It is recommended that 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, please contact Jackie Joachim, Sales Representative & COO, and/or Constance Oly, Sales Representative.