Ref# 5181
Etobicoke – This listing is available concurrently with Ref. #5180
This office has all the benefits of a startup as well as a significant goodwill component to provide cash flow from day one. Put your own stamp on this highly advantageous location without the time consuming and expensive cost of starting from scratch. Our owner completely modernized the office in 2022. All the new equipment purchases, and lease hold improvements have been installed and are operating.
The office is currently turning a profit on 1.5 clinical days. The overhead is low, with inherent potential for the right buyer to expand the hours, be present, grow equity and “own it”. Our new owner has immediate access to unlimited vehicular and transit exposure at an accessible purchase price in what is a highly coveted location with minimal immediate competition.
Despite having a redevelopment clause, said clause cannot come into effect for 8.5 years and certainly longer given our landlord has no plans to redevelop. The office enjoys exclusivity in a small plaza on a major intersection just off the 427 and still manages to have abundant free and convenient parking for both staff and patients.
Our clients own two dental offices in close proximity to each other (1.5km) and wish to exit ownership entirely. The practices may be purchased individually or preferentially in tandem. The subject offices do not share patients, and our one owner is providing all doctor services at both locations. Our clients understand the intricacies of the close geographic location between these practices and are willing to provide substantial non-solicitation/non-competition reassurances to guarantee goodwill preservation.
Highlights of this practice include:
- Appraised value $701,050. Asking Price $701,050
- Gross $406,493. Cash Earnings 37.7%, $153,252
- Renovated, modernized and fully digitized office in a superb location
- 610 active patients. ~15 new patients per month
- Exceptional YOY growth on a 1.5 doctor and hygiene days per week. Our current owner has hit capacity given an inability to be in two locations at once
- 2 ops fully equipped with a total of 4 plumbed and wired to necessitate future growth
- This location is crying out for an owner operator to dedicate time
- Convenient parking for staff and patients on a very busy highway intersection
- Excellent Google reviews
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of request to those who have completed a ROI Corporation confidentiality agreement
- A virtual tour and appraisal preview will be provided to qualified parties
- A Confidential Open (by appointment only)
- The full Practice Appraisals and will be released electronically to interested parties
- Within 48 hours of acceptance of an offer we request a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
- Our client requests a closing date in spring 2025
For more information or to schedule an appointment, please contact Mr. Robert Spillane, Sales Representative.