Practices For Sale

Ref# 4725

Status: Sold

Location: Ontario

Gross Revenue: $631,700

Appraised Value: $1,113,130

Asking Price: $1,150,000

Cash Earnings: ~$320,350

North of GTA

ROI Corporation is pleased to present this clinic located forty minutes north of the GTA.  The community within which the clinic is located, is well on its way to enjoying significant growth.  Major employers currently call home to this town and the population is poised for further growth. The average income and home ownership is higher than the Canadian average. This is an excellent choice for an associate who is looking to make the switch towards building equity for themselves.  With the lower overhead and efficient operations of this practice, a new owner can pay all expenses, including the bank, and still draw a significant personal income.

The practice is located in the medical professional building of a new plaza development which is surrounded by an expanding residential neighborhood.  The office has 3 well-equipped operatories with an additional 2 plumbed and wired; all of which have spectacular natural light.  Spanning slightly less than 1,500 square feet, the facility has room for further growth.  There is an excellent lease in place providing exclusivity and renewals until 2038.  There is a redevelopment clause which will not take effect for 10 years.   No demolition clause is contained in the lease.

The practice is home to approximately 800 active patients, with hygiene representing  33% of the gross revenue.  For recall patients, 20% of them attend every 3 months, 60% every 4 months and 20% every 6 months.  This is an assignment practice with most patients having good insurance and collecting 98% of production.

Our client is selling in order to focus on their primary clinic located in the GTA.   The other clinic is more than 40km away from this listing and no patients are treated in the other location.  As such, our client will provide a suitable transition.  Presently, there is a hygienist, an office manager/receptionist and an assistant employed at the practice.  Our client is successfully achieving results in 18 hours (2 days) per week.

Since building the beautiful facility in 2018, our client has developed a strong patient base. Now reaching the point where the patient demand cannot be satisfied within 2 days, they are looking to sell so that the new owner can bring this office to the next level.

Highlights of this practice include:

  • 15 new patients and 8-10 emergencies monthly
  • Collections are 98% of production
  • 3 operatories with 2 additional plumbed and wired
  • Sterilization area meets public health standards
  • Tracker software utilized in the practice
  • Good lease which has terms and renewals until 2038
  • Excellent visibility on busy major intersection
  • Opportunity to expand hours
  • Excellent location in a high foot traffic
  • Ample and free parking

For more information, please contact Jackie Joachim, COO & Sales Representative, and/or Constance Oly, Sales Representative.


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