Practices For Sale

Ref# 4686

Status: New

Location: Ontario

Gross Revenue: ~$339,400

Appraised Value: $711,890

Asking Price: $700,000

Cash Earnings: ~$119,120

Central GTA

ROI’s newest listing is the perfect opportunity for a first-time owner. In the past 10 years, our client has taken great pride to ensure that patients receive the highest level of patient education to generate a receptive response to treatment planning.

Our client purchased this office in 2013 and then purchased the charts from a neighboring office in 2014.  This family practice is perfect for someone who is ready to move from Associate to Owner.

The successful purchaser will be delivered a practice with an extremely well-run business, an excellent hygiene program, and more opportunity for growth.  The vendor refers out ortho, oral surgeries, perio, and molar endos.  A prosthodontist does attend the practice approximately 8-15 hours per week.   The current hours also can easily be expanded to meet existing and new patients’ needs as our client only works 10-12 hours per week.  Therefore, the practice only accepts a limited number of new patients – approximately 5-7 per month and turns others away.  Again, this is an opportunity for the new owner to capture.  This is an assignment practice with over 90% of patients having comprehensive insurance coverage.

Our client has gone to great lengths to ensure the office is set up and compliant with IPAC, HVAC, X-ray, and respiratory protection programs.  In light of the pandemic, our vendor has also made the appropriate modifications to the operatories.

This 3-operatory practice which combines classic elegance and contemporary style providing a warm and welcoming atmosphere immediately instills a sense of professionalism and relaxation in patients. The practice currently occupies a ~1,000 sq. ft. unit.  In addition to the operatories, there is the sterilization area, x-ray area with digital pan, business office, and staff room.    IPAC protocols have been reviewed professionally and an IPAC manual was developed specifically for the office.  Our client has ensured the entire staff was re-trained on IPAC standards.  Our client has also invested in an automated system called Sterilwize Complete System, which allows strict monitoring and logging for the sterilization process.

The immediate area, while already a busy and affluent area of the city, does boast all of the benefits of easy transportation, upscale to affluent addresses, and choice in boutique shopping and dining.  The nearest intersection is undergoing a major revival consisting of new mixed-use towers, condos, and retail spaces. The office is located in a very desirable location, with excellent visibility, highly accessible by public transportation, and ample parking.  It is one of the few areas in GTA that continues to experience growth with this practice having room to expand further.

Our client owns another office north of the city but must sell this one due to personal circumstances.

Highlights of this practice include:

  • 10-12 referrals for oral surgery, molar endos, and ortho each referred out monthly
  • Assignment practice with 90% of patients having comprehensive insurance
  • Paper charts, while radiographs are digital.
  • 3 well-designed operatories in 1,000 sq. ft. with reasonable rent
  • High density/growth area
  • Room to extend hours
  • High traffic established neighbourhood with a strong mix of residential, retail, and commercial economic activity

Additional Purchaser/Advisor Information:

  • A Practice Profile and Virtual Tour will be provided within 48 hours of your request
  • A wide open will be held on Sunday, November 14th, 2021 from 11 am to 1 pm
  • Appraisal will be available following the Open
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
  • Offers must be submitted on or before Friday, November 26th, 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 Jackie Joachim, Sales Representative & COO.

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