Practices For Sale

Ref# 5015

Status: Updated

Location: Ontario

Gross Revenue: $517,188

Appraised Value: $786,670

Asking Price: $695,000

Cash Earnings: $244,773


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.






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