Practices For Sale

Ref# 4629

Status: Updated

Location: Ontario

Gross Revenue: ~$594,636

Appraised Value: $1,251,240

Asking Price: $1,300,000

Cash Earnings: ~$273,986

Reduced Asking Price; Initially listed with an Asking Price of $1,500,000

Burlington

Charming store-front practice, located in a large, high-traffic plaza in a bustling area of north Burlington. The plaza has a mix of great businesses, including Walmart, which draws a lot of traffic close to the dental practice.

The practice was established in 2001, although under current ownership since 2017.  A spacious practice of almost 2100 sq. ft. practice, containing 4 operatories plus a Pan, a large reception desk with two stations, an extensive waiting area, a consult room, a private office, and a staff room. Most of the equipment was purchased new in 2017-2018. The practice shows beautifully, with a Victorian motif, including chandeliers and wall sconces!

The vendor owns another practice out of province, and the travel and workload is proving to be too much for him. Consequently, he has decided to sell this Burlington practice. You could not find a better location. This practice represents a fantastic opportunity for an astute buyer.

Highlights of this practice include:

  • Exclusivity for dentistry in the plaza and no demolition clause in the lease.
  • Lease extends to 2029. Current term to April 2024
  • Excellent signage, highly visible
  • Non-assignment
  • Digital and paperless
  • Abeldent software

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided to those who have completed a ROI Corporation confidentiality agreement
  • An Open, by appointment and respecting covid protocols, will be held on Sunday, July 18, 2021
  • A full appraisal of the practice will be provided to qualified applicants following the Open
  • Offers will be due not later than 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
  • The preferred closing date is September 30, 2021, or earlier

 

For more information about this listing, or to arrange an appointment for the Open on July 18, 2021, please contact Bill Alton, Sales Representative.

 

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