Practices For Sale

Ref# 5027

Status: Available

Location: Ontario

Gross Revenue: $873,581

Appraised Value: $1,320,000

Asking Price: $1,320,000

Cash Earnings: $396,561

Central GTA

A 2-operatory practice in a highly visible location is a wonderful opportunity for a first-time purchaser to enter ownership.

This is a well-established office that our client originally worked in as an associate and has now owned for over 25 years. Our client has taken great pride in offering restorative care to patients who appreciate the quality of dentistry provided, exceptional professional service, knowledgeable staff and comfortable surroundings.   Efficiently laid out in less than 500 square feet, patients are treated in well-appointed operatories.

The practice is located in an area that is undergoing tremendous growth.   Applications have been made for 3 towers of 38, 48, and 58 storeys with close proximity of this clinic. Phase 1 of this development would comprise approximately 1.1 million ft² of mixed-use development across the 3 buildings – 2 of which would be condominiums.  All the buildings would have retail uses below.  A total of 1,416 residential units are proposed, comprised of a range of Studio, 1, 2, and 3-bedroom suites, 550 of which would be purpose-built rental units and 866 as condominium units.

Our client’s lease does have a demolition clause.  However, we have spoken with the property management firm who has confirmed no applications have been submitted for changes/demolition to the building.  Applications of this nature take years and therefore, while this lease is impaired, we do believe this is still an opportunity as a new owner can potentially relocate the practice to one of the new retail units being built in the immediate area.  Ideally, a new owner would stay practicing in this location and consider moving into owner occupied premises after first 5 or 6 years.  Being your own landlord should always be the goal of any practice owner.

Highlights of this practice include:

  • Affluent and well-established neighbourhood with a strong mix of residential, retail, and commercial economic activity
  • High density/growth area
  • Room to extend hours
  • Bulk of patients between 25 and 60 years of age – key years for cosmetic and restorative services
  • ~20+ referrals each month (ortho, endo, implants, perio)
  • Approximately 800 active patients
  • Excellent collection policies with nominal AR
  • Well equipped operatories
  • Hygienist and staff all on written agreements
  • Assignment practice
  • Current lease expires in 2029 but renewal can be obtained

Additional Purchaser/Advisor Information:

  • A Practice Profile and Virtual Tour will be provided within 48 hours of the request to those who have signed a confidentiality agreement
  • A Confidential Open (by appointment only)
  • The Appraisal will be distributed following the Open
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • 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, please contact Jackie Joachim, Sales Representative & COO, and/or Constance Oly, Sales Representative.

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