Practices For Sale

Ref# 4475

Status: Conditionally SOLD

Location: Ontario

Gross Revenue: ~$273,360

Appraised Value: $628,090

Asking Price: $650,000

Cash Flow: ~($69,240)

Greater London Area

Looking for a fantastic practice that is ready to grow?

This practice was built from scratch in February 2019; just over 1 year ago. Since opening it’s doors in this beautiful community, the practice has an average of 34 new patients per month establishing a patient base of over 400.

With location security often hard to find in today’s market, this practice has a firm lease until 2029 with multiple renewal options available until 2039. Situated on the ground floor of a multi-story medical building this location boasts both street and main lobby exposure.

The owner started the practice with the plan for it to be associate driven office. However, the associate was unable to continue after about 7 months of them opening the doors. Since September the owner has been commuting 2+ hours to treat the patients while the practice looked for the right associate. The owner decided it was best to sell this practice to a dentist looking for a practice and community to grow and establish as their own.

This is a rare opportunity to take on a new growing practice that will continue to grow without having to take the time to build or pay the premium to acquire a long standing and secure location.

Highlights of this Practice Include:

  • All staff has been hired and employment contracts have been signed
  • Huge growth potential
  • 34 new patients per month
  • Brand new 6-operatory facility; 4 fully equipped
  • Key location
  • Secure long-term lease

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
  • A confidential Open will be held on Saturday, February 29, 2020
  • A Virtual Tour will be available to all pre-qualified purchasers that cannot make the open.
  • The Practice Appraisal will be available to all qualified purchasers on or before Tuesday, March 3, 2020
  • Offers must be submitted on or before 5pm on Wednesday, March 11, 2020
  • ROI Corporation will provide a free of charge service to prepare your offer in our standard forms for your lawyer’s review

For additional information, please contact Robert MacDonald, Sales Representative.

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