Ref# 5167
Downtown Toronto – Updated information:
Since listing this office in November 2024, we have upgraded this opportunity to a full practice sale from a facility sale. Our client has provided us with the results of the first 12 months. Asking price is $850,000 and our client is willing to negotiate.
Highlights of this practice:
- Practice started in November 2023
- 3 Associates work in the practice
- Annual gross production for first year is $305,742
- Hygiene is approximately 31%
- A/R nominal
- 1 hygienist, 2 assistants and 1 receptionist
- 90 new patients per month
- 800 active patients
- Excellent lease – 2,043 sq. ft. – Current term 10 years with 2 x 5-year renewal, $10,000/month (500 residential units above)
- There is a demo clause, but the landlord has postponed it for the entire term and renewal options
- 4 active ops and plus 2 plumbed and wired
This office is on the cusp of breaking even. To a new owner with an entrepreneurial spirit, the ability to take this clinic to the next level is within reach. Within a 5km radius, there are over 70 new condo developments. The average income of individuals moving into the area is $85K+ . Building an office in this market will easily cost up to $1 million as well as a substantial amount of time dedicated to overseeing the project. With a start up, a further investment of time and money is required to break even in 12 to 18 months. This warm start allows you to start building from the moment you take over.
To have a quick view of the clinic, please click here for a 30-second tour.
Additional Purchaser/Advisor Information:
- A Virtual Tour will be provided within 48 hours of your request
- Additional appointments will be arranged for interested parties
- Offers will be presented as received
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review.