Practices For Sale

Ref# 4538

Status: Updated

Location: Ontario

Gross Revenue: $589,867

Appraised Value: $741,920

Asking Price: $741,920

Cash Earnings: $175,308

Previously posted with an Asking Price of $750,000

North GTA

ROI Corporation is pleased to present an excellent opportunity for practice ownership in the GTA. This veterinary practice is strategically located in a busy retail plaza with optimal anchor tenants, ensuring a steady flow of traffic throughout the year.

Since opening its doors in 2015 to compliment an existing mobile business, the office has seen gross production increase year over year as it gains positive traction in the community. The population of the surrounding area is projected to continue to expand at a rapid rate as developments and infrastructure work to meet demand.

The outstanding lease, with renewals until 2036, provides peace of mind to the new owner in the longevity and further potential of the practice. Benefiting from a generous 2,000 sq. ft. space, this office’s well-thought-out design and optimal traffic flow provide a wonderful client and patient experience.

Our client is willing to stay on with the practice post-sale for a transition period if the purchaser wishes.

Highlights of this practice include:

  • Excellent location in a high-income residential area.
  • Evening and weekend appointments are available.
  • Ample free parking
  • Built in 2015 with welcoming décor and state of the art technology
  • Consistent annual growth year over year
  • Current term until 2026 with 2 x 5-year renewals extending to 2036
  • Revenue growth year after year
  • Owner operated; room for growth to add an associate

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request to those who have completed a ROI Corporation Confidentiality Agreement
  • A Webinar Recording will be available to interested parties on Wednesday, July 7, 2021
  • The Appraisal will be distributed to those who attended the Webinar
  • A confidential Open (by appointment only) will be held on ­­­­­­­­­Sunday, July 18, 2021
  • Offers must be submitted on or before 4 pm on Friday, July 30, 2021
  • 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 Roopali Kapoor, Sales Representative.

 

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