Practices For Sale

Ref# 4927

Status: Conditionally SOLD

Location: Ontario

Gross Revenue: $650,000

Appraised Value: $1,175,050

Asking Price: $1,200,000

Cash Earnings: $175,300

East GTA                    

The opportunity to own your own clinic continues!  ROI Corporation is delighted to present a new listing particularly suited for a first-time practice owner.  As an associate-driven practice, our client only attends the practice one day per month to do surgeries but lives over 2 hours outside the city.  Therefore, the need to create more work-life balance is the reason for this sale.

Our client purchased the practice from the original owner when the office was located on the 2nd floor of a very busy and large commercial/retail plaza.  The strategic decision to move the clinic to the main floor and expand was a wise choice as now this practice has high visibility in a corner unit. There are 4 well-equipped operatories with an additional 5 rooms plumbed and wired for future growth.  The clinic was newly built in 2019 and spans ~2,550 square feet. It presents beautifully with an abundance of windows.  Patients enjoy the soothing environment and bright office.  The team takes pride in delivering dentistry that is patient centric – personalized & convenient. The importance of listening and clearly communicating to patients is key!

Located in the north-east end of Toronto, the practice is in a well-established, family-oriented neighborhood that continues to see growth. Within the past several years, many condo complexes have been built within the area.   The plaza itself has over 25 tenants – including brand names such as Tim Hortons and financial institutions.  When the new lease was signed, the landlord did insert a demolition clause that could be effective after 2029.   However, the likelihood of this major plaza with large tenants being demolished is highly unlikely. Improvements have continued to be made which is always a sign that a landlord wants to retain the property.

Highlights of this Practice Include:

  • Highly visible practice easily accessible through public transit and car
  • All charts and X-rays are digital; Dentrix Software
  • 4 well-equipped of ops with 5 rooms plumbed and wired for future growth
  • Operatories 1 and 2 have Pelton & Crane chairs and delivery systems while operatories 3 and 4 have A-Dec
  • Majority of dentistry completed by associates
  • Open 7 days a week with 8 days of hygiene
  • 2 hygienists are employed by the practice
  • 80% of patients have insurance
  • Assignment office with co-payments collected
  • ~1,200 patients attended the practice in last 12 months.

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A Virtual Tour will also be distributed
  • A Confidential Open (by appointment only)
  • The Appraisal will be distributed only to those who have visited the office
  • Offers will be presented as received
  • 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 or to schedule an appointment, please contact Jackie Joachim, COO & Sales Representative and/or Constance Oly, Sales Representative.

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