Ref# 5015
Toronto
Material Change Announcement.
Dear valued customers,
Our highly motivated client is lowering the original asking price to initiate a timely sale.
In our original advertisement of this opportunity, the asking price was $784,734. Despite the practice’s continued growth trajectory, our client has instructed us to lower the price to expedite the sale and realize their retirement goals. The new asking price is $695,000. See below.
Do you wish to make a real estate investment that is married to your professional skill set? Do you want freedom to practice unencumbered by callous landlords? Do you wish to make a two-fold investment and build equity in not only a real estate play but also a professional practice and then sell when and how you want without the concern of a potentially distressed lease?
This is a special opportunity to become rooted into a neighbourhood that blends a charming historic Toronto location with a well-established goodwill foundation to build upon. Enjoy succeeding a late career, gentleman dentist who is more than happy to work a reduced schedule moving forward, allowing for optimal goodwill transfer.
Owning this dental office is ideally suited to an owner operator looking to create equity in a business and building that ordinarily have natural barriers to entry. With light rail and high street convenience literally on your doorstep, the opportunity screams for the vigour of a new owner bringing modern ideas and energy to a community favourite.
Highlights of this practice:
- Own the real estate
- Exceptionally low AR
- Public transit on your doorstep
- ~800 active patients
- ~10 new patients per month
- 90% of patients live close by
- Hygiene program led by our owner. Hiring a hygienist is an immediate growth option
- Significant scope to increase the practice opening hours and staffing levels
- The practice is mostly non-assignment
- Significantly under marketed given the abundant storefront visibility
Further instructions:
- A Confidential Open (by appointment only) will be held on Sunday, May 19th, 2024 from 10am to 2pm.
- 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 Early Fall 2024
For more information or to schedule an appointment, please contact Mr. Robert Spillane Sales Representative.