Ref# 5032
Georgetown
Georgetown is a wonderful town of approximately 50,000 people and is ideally located with easy access to Brampton and the GTA. This practice is ground floor in a stand-alone building, with great visibility from the street and with new condominium developments in the immediate area. The practice is wheelchair accessible. Inside, you will find a spacious and nicely decorated office of 2,372 sq. ft. containing 4 equipped operatories, a Pan, a large staff room, 2 private offices, a laundry area, and 3 washrooms. There is also a recovery room for sedated patients, when needed.
The practice was established only in June of 2023 but is being offered for sale because of a corporate reorganization by the vendors. Nevertheless, it is an active and growing practice with approximately 300 registered patients and monthly revenue generation. Currently, there are 2 days of dentistry and 2 days of hygiene each week, although a receptionist is at the practice 4 days per week, Monday to Thursday. A chairside assistant is also employed, making for a complete team.
The lease runs to 2038, with the current term to May 31, 2028. There is a provision in the lease giving the dentist the first right of refusal should the building ever be offered for sale.
This practice would be ideal for an associate looking to transition to ownership or another owner looking to expand their business empire. Given its size and location, prospects for the practice are excellent.
The appraisal was initially done valuing the equipment and leaseholds only, however, attribution of current goodwill would increase the total practice value.
Additional Purchaser/Advisor Information:
- A Confidential Open (by appointment only)
- The Appraisal will be distributed to qualified purchasers
- 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