Practices For Sale

Ref# 4870

Simcoe County, Ontario – Updated Appraisal 

ROI Corporation is proud to present a well-established and efficiently run general family practice, complete with a loyal patient base and dedicated team.

This 4-operatory practice is situated in a 4-story professional building in a bustling area of one of Canada’s fastest-growing cities. Long-term growth is assured by continued net inward migration and numerous residential developments in close proximity, including a 623-unit condominium building across the street.

The practice boasts a remarkable legacy of patient loyalty, with the original patient base dating back to the 1970s. The steady growth the practice has experienced is a direct result of consistent word-of-mouth referrals driven by a patient base who appreciate a service-oriented team, exceptional care and a warm, inviting atmosphere.

As of the end of June 2023, our client has relocated out of the province in support of family endeavors. The practice has continued to demonstrate consistency and stability throughout the transition as two very capable associates have seamlessly taken over the majority of patient care while the owner continues to attend the practice one Saturday per month.

Key highlights of this practice include:

• A confident and dedicated team of employees with written contracts in place
• A secure lease with a competitive rate and no demolition clause, offering renewal options until 2043
• Four operatories with stunning views, basking in natural sunlight
• State-of-the-art technology, including a CBCT machine, intra-oral scanner, and fully digitized records
• 1,376 patients have attended the practice in the past 12 months
• An excellent hygiene program contributes to approximately 32% of gross income
• An average of 36 patients are referred out each month for additional services, offering a new owner the opportunity for immediate growth by keeping these services in-house
• Superior cash earnings of approximately 48% of gross income

Additional Information for Purchasers/Advisors:

• A Practice Profile will be provided within 48 hours of request
• A Confidential Open (by appointment only) will be held on Sunday, September 17^th
• The Appraisal will be distributed to qualified candidates who have completed the ROI Corporation confidentiality agreement on Monday, September 18^th
• The Offer Request Form must be submitted 48 hours prior to the Offer deadline
• Offers must be submitted by 5pm on Wednesday, September 27^th, accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price
• ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For more information or to schedule an appointment, please contact Alexis Sweetnam, Sales Representative.