Practices For Sale

Ref# 4568

Status: New

Location: Ontario

Gross Revenue: $807,930

Appraised Value: $1,443,600

Asking Price: $1,500,000

Cash Earnings: $468,630

Central GTA

ROI Corporation is pleased to present this exciting opportunity for ownership.

This general practice is located in one of the busiest areas of Toronto. The neighborhood is a mix of vibrant social and mixed-use businesses. The practice enjoys ground floor location on a main street with excellent visibility and easy accessibility by public transportation.

There is currently no hygienist on staff. Immediate addition of this position, implementation of a comprehensive hygiene program and an expansion in office hours from the current 39 per week is sure to increase revenue.

Our client purchased this practice in 2018 from its original owner with intention to continue ownership, but due to a change in family situation is now required to sell. The clinic was renovated after purchase by the current owner to reflect a more contemporary design.

There is currently a 12-year lease in place with no demolition clause. The original owner of the practice currently owns the building and has built a first right of refusal into the lease.

Highlights of this practice include:

  • Established in 1983
  • Growing neighbourhood with a strong mix of residential, retail, and commercial economic activity
  • 4 newly renovated operatories
  • Approximately 15 new patients per month
  • High density/growth area
  • Ability to implement comprehensive hygiene program and extend practice hours
  • Approximately 1,200 sq. ft. main floor plus 900 sq. ft. basement

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of the request
  • A Confidential Open (by appointment only) will be held on Sunday, November 15, 2020
  • The Appraisal will be distributed following the Open
  • Offers will be presented to our client as received
  • 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 Bill Alton and/or Amanda Kotchie, Sales Representatives.

 

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