Practices For Sale

Ref# 4979

Status: Updated

Location: Ontario

Gross Revenue: $611,580

Appraised Value: $939,510

Asking Price: $900,00

Cash Earnings: $284,130

North York

Material Change Announcement – Updated Appraisal and Improved Asking Price.

Dear valued customers,

This office has added a third chair and a Pan. Additionally, and despite the increased appraised value, our highly motivated client has in fact lowered the original asking price to initiate a sale.

In our original advertisement of this opportunity, the asking price was listed as $918,280. Despite the practice having a continued growth trajectory and new appraised value of $939,510 our client has instructed us to lower the price to expedite the sale. The new asking price is $900,000.

A beautifully finished and efficient practice is located just off the intersection of the country’s two busiest highways. Based in a retail plaza on a north-south main street, the office sees thousands of vehicles and pedestrians pass by daily. The building is surrounded by abundant commercial activity, large employers and sprawling high density neighborhoods.

A general dental practice, the office is currently producing a remarkable profit with part-time participation from our owner. Additional dentist hours, refocused treatment planning and capturing the numerous outbound referrals represent a great starting point for a new owner to drive an already profitable practice forward.

Now is the right time to get in! This office is located in an area of the city that is seeing huge rejuvenation owing to housing and population growth in the city. Purchasing this clinic will allow a new owner to tie their investment to the rejuvenation of an area that is earmarked for continued gentrification as well as federal/provincial investment in healthcare, infrastructure and technology.

Highlights of this practice:

  • Strong Cash Earnings
  • 730 active patients on a reduced schedule
  • 17% Diagnostic, 38% Hygiene, 35% Restorative.
  • 85% of patients have insurance.
  • ~20 new patients per month
  • Secure long-term lease with below-market rates
  • Digital office
  • 920 sq. ft. facility; 3ops

Additional Purchaser/Advisor Information:

  • A Confidential Open (by appointment only) will be held on Sunday, April 5th, 2024, from 10 am to 2 pm
  • The updated Appraisal will be distributed to qualified parties immediately
  • Offers will be due upon appraisal receipt
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Our client would prefer a closing in Summer 2024

For more information or to schedule an appointment to view this practice, please contact Robert Spillane, Sales Representative.

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