Practices For Sale

Ref# 5084

Status: Conditionally SOLD

Location: Ontario

Gross Revenue: $528,286

Appraised Value: $849,140

Asking Price: $725,000

Cash Earnings: $380,286

Update: Reduced Asking Price from $850,000 to $725,000

Toronto

ROI is pleased to present this 3-operatory family practice! This office has its roots planted firmly in a very stable and busy area of Toronto.  The office itself is located in a charming, converted house offering approximately 1,800 sq. ft. of space with 3 operatories on the main level plus a lab, staff area, and private office in the basement.

Occupying a corner lot, the building is very visible to people traveling through, or visiting, the area. The practice has ample parking and is also easily accessible by public transportation. It is less than a 10-minute walk to the subway station.

Approximately 873 patients were seen in the last 24 months based on a limited schedule of 2-3 days per week. There is great potential to expand the office hours as many patients would appreciate the flexibility.

The vendor and staff split their time between this practice and listing #5083. Our client is looking to relocate and is selling their two practices.  The practices could be sold separately or in tandem.

Highlights of this practice include:

  • Established in 1995
  • ~20 new patients per month
  • Ample, free parking
  • Open 2-3 days per week
  • Current lease term until 2026 with 2 x 5-year renewal options
  • No demolition clause; only a termination clause if the building is severely damaged

Additional Purchaser/Advisor Information:

  • A Practice Profile & Virtual Tour will be provided within 48 hours of your request
  • An Open, by appointment only
  • Offers will be presented to the vendor as received
  • 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 or to schedule an appointment, please contact Jackie Joachim, COO & Sales Representative, and/or Constance Walker, Sales Representative.

 

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