Practices For Sale

Ref# 4911

Status: Sold

Location: Ontario

Gross Revenue: $210,335

Appraised Value: $278,760

Asking Price: $219,750

Cash Earnings: ($25,283)

TORONTO – Improved Asking Price – was $278,760 now listed for $219,750

ROI Corporation is excited to bring you this steadfast family practice that has been operating under its current owner for more than 3 decades and even longer with the owner that preceded our client. Goodwill in the community is an understatement in this instance.

With the office currently doing business only 2 days a week, the opportunity to grow and expand this ideal, long-standing generational family practice should be the principal point of focus for its successor. This person will benefit from the upside potential inherent in succeeding a senior and conservative doctor. Expanding the hours would play well with its surrounding residential area, which would undoubtedly appreciate more flexible hours and additional services. An additional strong growth opportunity includes the introduction of a basic marketing program to a captive audience and a busy location.

Located on a busy street inside a medical center, this practice houses 3 fully equipped operatories in approximately 870 square feet. The current lease extends to 2028, and it is assumed that additional renewal options could be negotiated. It is an older facility, so if you wanted to move to a newer location as the new owner, there is a 6-month lease termination option for either party. Rental rates are extremely reasonable for the area at $2,362.78 per month (plus a proportionate share of operating costs).

This is an exceptional vehicle for any doctor looking to jump into practice ownership in a very measured and debt-conscious way. You have a multitude of options that allow you to take this practice in the direction that is right for you.

Highlights of this practice include:

  • 80-85% insurance coverage
  • 8-10 procedures referred out per month
  • Solo owner/operator; single hygienist
  • Currently operating under very limited hours; major opportunity to increase revenue with expanded hours
  • Zero accounts receivable over 30 days
  • Non-assignment practice

Additional Purchaser/Advisor Information:

  • A practice Profile will be provided within 48 hours of your request
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice

For more information or to schedule an appointment, please contact Amanda Kotchie, Sales Representative.

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