Practices For Sale

Ref# 4527

Status: New

Location: Ontario

Gross Revenue: $1,037,180

Appraised Value: $1,623,910

Asking Price: $1,700,000

Cash Flow: $577,220

Toronto

This is a well-established practice located in a high-density area in west Toronto. Neighbouring tenants include a pharmacy, optometrist, audiologist and medical doctors. The 1,857 sq. ft. general practice consists of 6 operatories (5 equipped) plus a Pan. The practice is compliant with RCDSO requirements with regard to COVID-19. This is a solid practice with lots of opportunity for further growth.

A comprehensive hygiene program accounts for approximately 35% of gross revenue. Three hygienists are employed at the practice and are booked ahead 3-5 weeks demonstrating the strong demand from the faithful patient base. Only open 30 hours per week, the practice generates an impressive production level with abundant potential demonstrated by an ever-growing community, that would certainly embrace more hours.

Highlights of this practice include:

  • Excellent cash flow
  • Approximately 1,400 active patients
  • The office works only 3 days per week
  • The office closes 7 weeks a year for vacation
  • 6 days of hygiene per week
  • Current term to Sept. 2021; Lease extends to Sept. 2026

Additional Purchaser/Advisor Information:

  • A Practice Highlights booklet will be provided to qualified applicants who have completed a ROI Corporation confidentiality agreement
  • The complete Appraisal will subsequently be made available to those interested in submitting an offer
  • A site visit to the practice will be arranged for serious candidates
  • Offers will be due 14 days following the site visit but not later than July 24, 2020
  • The preferred closing date is August 31, 2020

For more information or to request the Practice Highlights, please contact Bill Alton, Sales Representative.

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