Practices For Sale

Ref# 4206

Status: Sold

Location: Ontario

Gross Revenue: ~$600,000

Appraised Value: $709,020

Asking Price: $700,000

Cash Earnings: ~$337,700

North Etobicoke

This practice has been at this location on the 2nd floor of a professional building in a retail plaza in north Etobicoke for 40 years. The current owner purchased the practice in 2015 but is selling to focus on a larger investment outside the GTA. Importantly the original owner is still practicing here as an Associate.

In addition to the previous owner, there are two other part-time associates and 3 hygienists, who provide 3 days of hygiene per week. The practice is a modest 658 sq. ft. and contains two operatories plus a Pan. Radiography is digital. The practice enjoys abundant natural light afforded by its corner unit location.

Other features of this practice include:

  • The lease extends to 2025 and offers an attractively low rent
  • A medical doctor on the floor attracts additional traffic
  • Production is expected to be approximately $600,000 this year, an increase from the previous year
  • Cash flow is very good due to reasonable expenses

Additional Purchaser/Advisor Information:

  • A Confidential Open (by appointment only) will be held on Sunday, July 16, 2017
  • A Practice Profile will be provided within 48 hours of your request to those who have completed a ROI Corporation Confidentiality Agreement
  • The appraisal will be provided to interested parties following the Open
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • Offers will be due no later than Friday, July 28, 2017
  • 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
  • Closing will be not later than Friday, September 29, 2017

For more information or to book an appointment for the Open on Sunday, July 16, please contact Bill Alton.

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