Practices For Sale

Ref# 5095

Status: Offer Registered

Location: Ontario

Gross Revenue: $839,676

Appraised Value: $1,109,960

Asking Price: $1,109,960

Cash Earnings: $327,148

Mississauga

ROI Corporation proudly presents an established general practice in Mississauga, Ontario.

Originally opened at the current location in 1999, this family-oriented practice has provided compassionate dentistry to the community for more than 25 years.

Generating an average monthly production of more than $68,000, this practice is complemented by an efficient hygiene team comprised of 3 hygienists, who contribute 33% of the annual revenue.

Located on a main arterial thoroughfare and minutes away from major 400-series highways, this is a ground-level retail/medical building. Patient convenience has been a defining factor of the practice’s success, with easy access to the practice location and ample free patient parking.

A warm, inviting facility spans 1,215 sq. ft. It is home to 3 fully equipped operatories, a new digital panoramic X-ray, a private office, a staff room, a large storage area, and more. All patient charting isdone digitally using the Paradigm practice management software.  

It is important to note that the current lease does contain a demolition provision. However, we have written confirmation directly from the landlord that they have no plans for demolition or redevelopment. This 10-storey retail property is fully occupied. In addition to full occupancy, the landlord has invested in significant long-term improvements to the common areas and parking lot. The ROI Corporation appraised value has been significantly lowered to take into account this lease clause. This presents an opportunity for a savvy purchaser to understand the situation and get an established practice at a great price point due to lease circumstances that provide very little future risk.

After a rewarding career, our client is ready to slow down and give stewardship of this practice to another practitioner. Our client is willing to stay on for a transition period, ensuring a seamless transition and the purchaser’s success.

Highlights of this practice include:

  • Cash earnings of more than $327,000
  • Staff on written contracts
  • Digital X-rays, with sensor
  • Accounts Receivable managed well below the industry average
  • Vendor willing to transition
  • Ample free parking

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A Confidential Open (by appointment only) will be held on Sunday, July 7th, 2024
  • The Appraisal will be distributed to qualified purchasers.
  • Offers must be submitted on or before Friday, July 19th, 2024
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • The Vendor prefers a closing date of Friday, September 27th, 2024

 

For more information or to schedule an appointment, please contact Nicholas Boyle, Sales Representative.

 

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