Ref# 5198
Update: The landlord has offered a ten year term (no demolition clause)
Downtown Toronto
This well-established 3 operatory office, which combines classic elegance and contemporary style, provides a warm and welcoming atmosphere, which immediately instills a sense of professionalism and relaxation in patients. It is located in one of Toronto’s most affluent neighborhoods. This family practice is perfect for someone who is ready to move from associate to owner as it has cash flow, room for growth, a patient base, and beautiful boutique premises.
Our vendor purchased this office in 2013 from the original owner and then purchased the charts from a neighbouring office in 2014. The practice is situated on a street that will benefit from a new condo development in addition to ten more in the immediate area. The clinic has always operated as an individual satellite practice for our client who owns another office north of the City.
The successful purchaser will be delivered a practice with an extremely well-run business, an excellent hygiene program, and more opportunity for growth. The vendor refers out ortho, oral surgeries, perio, and molar endos. A prosthodontist does attend the practice approximately 8 hours per week. The current hours also can easily be expanded to meet existing and new patients’ needs as our client only works 10-12 hours per week. Therefore, the practice only accepts a limited number of new patients – approximately 3 per month and turns others away. Again, this is an opportunity for the new owner to capture. This is an assignment practice with over 90% of patients having comprehensive insurance coverage.
The practice currently occupies a ~1,000 sq. ft. unit. In addition to the operatories, there is the sterilization area, x-ray area with digital pan, business office, and staff room. Our client has also invested in an automated system called Sterilwize Complete System, which allows strict monitoring and logging for the sterilization process.
Our client is selling to focus on their primary practice north of the City.
Highlights of this practice include:
- 10-12 referrals for oral surgery, molar endos, and ortho each referred out monthly
- Assignment practice with 90% of patients having comprehensive insurance
- Digital charts
- 3 well-designed operatories in 1,000 sq. ft. with reasonable rent
- High density/growth area
- Room to extend hours
- High traffic established neighbourhood with a strong mix of residential, retail, and commercial economic activity
Additional Purchaser/Advisor Information:
- A Practice Profile and Virtual Tour will be provided within 48 hours of your request
- Private appointments to visit the practice will be available
- Offers will be presented as submitted
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review.