Region: Ontario

4928

Date Posted: 2023/06/01

MISSISSAUGA – Improved Asking Price – previously listed at $445,440, now listed at $385,000

ROI Corporation is delighted to introduce this enduring, traditional family practice – a cornerstone of the community for the past three decades, nestled on the ground floor of a professional building at a bustling intersection in Mississauga.

Spanning approximately 940 square feet, this office houses two fully equipped operatories, with the added advantage of potential expansion into the ~600 square feet of adjoining vacant space. This immediate room for growth aligns seamlessly with the practice’s commitment to tradition and offers an exciting prospect for expansion. This vacant space not only complements the traditional ethos of the practice but also stands as a tangible opportunity for strategic growth and expansion.

With its long history and strategic location, this clinic holds incredible potential for a new owner. The primary focus for the prospective owner should center on key growth opportunities, including:

  • An increase in hours (currently only open 30 hours/week)
  • Creation and application of a basic marketing strategy to incentivize new patients
  • Implementation of a more vigorous hygiene program, including hiring of a full-time hygienist to maximize hygiene revenue
  • Keeping as many services in-house as possible (practice currently refers out 8-10/month)

Highlights of this practice include:

  • Located on the ground floor in a high-density area
  • Approximately 600 long-term, loyal patients that will enable treatment acceptance
  • ~60% of the patients are of Vietnamese origin
  • ~95% of patients speak English
  • ~85% of patients are covered by insurance
  • Ample free parking

Additional Purchaser/Advisor Information:

  • A profile will be provided within 48 hours of your request
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review and will be presented as submitted
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice

For more information or to schedule an appointment, please contact Amanda Kotchie, Sales Representative.

 

4924

Date Posted: 2023/05/24

Ottawa – Updated Premise Lease Information

ROI CORPORATION is pleased to offer an outstanding general practice for sale. This solo-owned practice has been building goodwill since 2008. During these years, the Owner has developed a practice that reflects a unique perspective on dental care and an environment where people want to visit.

In late 2023, our client negotiated an amendment to the premise lease. The lease now extends to August 2030 and includes two five-year renewal options, taking the lease term to 2040. Most significantly, the amended lease defers the landlord’s right to a demolition until 2029 at the very earliest.

While demolition clauses are a possibility in any lease, when present, our research indicates that many do not materialize. It is the right to demolish that landlords seek, not necessarily the act of doing so.

This location is modern and has a substantial lifespan remaining in our option thus, the likelihood of a major redevelopment is materially lowered.

When financing a practice purchase, your advisors will speak to you about landlord rights. We have provided two banks with the appraisal and the improved premise lease agreement. Both have indicated that they are interested in financing the purchase of the practice. Your individual credit rating will impact the structure and terms of financing.

The design of the office is unique, offering high, open ceilings, exposed brickwork and featuring art by local artists. There are 4 operatories, a private and manager’s offices, and a stericentre and laboratory. All patient charts and radiographs are digitalized.

This is a general practice. Two dental hygienists provide 7 days of preventive appointments, representing  37% of revenue. The Vendor works 3 days/week, and the office offers one day of evening hours, but no weekend appointments. To accommodate the demand, an associate will start working Jan. 2024.

The opportunity to grow this practice is phenomenal. The Vendor provides comprehensive dentistry, while the associate dentist will provide general procedures. A new owner can expect to be busy immediately. Furthermore, most endodontics, periodontics, oral surgery, and orthodontics are referred out of practice.

Since rebounding from COVID, the practice increased revenue by 18% in 2021 and by a further 20% to 1.15M in 2022. Revenue is on a similar track for 2023.   Net earnings to the Owner are extremely attractive at 38%. The practice does not accept assignment.

The Owner wishes to continue working with the practice post-sale.

Highlights of this practice include:

  • Beautiful, artistic décor
  • 4 – ADEC equipped operatories
  • Staff on contract
  • Exceptional opportunity for growth: Most endodontics, Periodontics, Surgery and Orthodontics referred.
  • Premise Lease including extensions to August 2040. Demo Clause deferred until 2029
  • Does not accept assignment

Additional Purchaser/Advisor Information:

  • The practice profile is available now and video are available now
  • Confidential practice visits by appointment
  • Signed offers presented upon receipt
  • Offers prepared on ROI Share Purchase Template for Buyers Review
  • Accepted Offers require a 10% deposit within 2 business days after acceptance
  • Closing early 2024.

 

For more information or to schedule an appointment, please contact Ann Wright, Senior Sales Representative.

4921

Date Posted: 2023/05/17

Ottawa – Solo owned and operated since 1995.

ROI Corporation is very excited to present this amazing general practice for sale. The Owner started the practice in 1995 and has primarily worked as a solo provider. The practice has one part-time associate that attends the practice once or twice a month to provide specialty procedures. Three dental hygienists – all on contract,  for a total of 7 days of hygiene/week. The practice boasts a 4-day workweek, with no evening or weekend hours. The office scheduled over 3,200 visits last year.

The total production in 2023 is on track for 1.1M and has maintained this revenue for the last 3 years since adapting to COVID protocols and closure in 2020. The hygiene department accounts for 34% of production. Net earnings to the Owner are an extremely attractive 46% which represents the Owner’s dedication to the optimization of systems within the office.

The practice is located on the ground floor of a professional building which is part of a small strip mall.  It is on one of Ottawa’s main streets, with access to public transit and free parking. The practice consists of three operatories, including an additional space that is plumbed and wired. All patient charts and radiographs are digitalized, and the practice uses an automated recall system.

The practice boasts an extremely loyal patient base which is attributable to the Owner’s overriding concern to provide the best treatment within a caring environment. Advertising activities are minimal but still attract approximately 16 new patients per month.

The Owner wishes to devote more time to family but is interested in working in the practice after the sale for up to 2 days/week.

Highlights of this practice include:

  • One Owner
  • 7 days of hygiene
  • Updated – digital charts and radiographs.
  • Staff on Contract
  • Steady revenue of over 1M in last three years.
  • Owner will associate

Additional Purchaser/Advisor Information:

  • The practice profile is available now
  • Confidential OPEN, by appointment
  • Appraisal released to serious buyers following the OPEN
  • Closing late summer or TBD

For more information or to schedule an appointment, please contact Ann Wright, Senior Sales Representative.

4911

Date Posted: 2023/05/10

TORONTO – Improved Asking Price – was $278,760 now listed for $219,750

ROI Corporation is excited to bring you this steadfast family practice that has been operating under its current owner for more than 3 decades and even longer with the owner that preceded our client. Goodwill in the community is an understatement in this instance.

With the office currently doing business only 2 days a week, the opportunity to grow and expand this ideal, long-standing generational family practice should be the principal point of focus for its successor. This person will benefit from the upside potential inherent in succeeding a senior and conservative doctor. Expanding the hours would play well with its surrounding residential area, which would undoubtedly appreciate more flexible hours and additional services. An additional strong growth opportunity includes the introduction of a basic marketing program to a captive audience and a busy location.

Located on a busy street inside a medical center, this practice houses 3 fully equipped operatories in approximately 870 square feet. The current lease extends to 2028, and it is assumed that additional renewal options could be negotiated. It is an older facility, so if you wanted to move to a newer location as the new owner, there is a 6-month lease termination option for either party. Rental rates are extremely reasonable for the area at $2,362.78 per month (plus a proportionate share of operating costs).

This is an exceptional vehicle for any doctor looking to jump into practice ownership in a very measured and debt-conscious way. You have a multitude of options that allow you to take this practice in the direction that is right for you.

Highlights of this practice include:

  • 80-85% insurance coverage
  • 8-10 procedures referred out per month
  • Solo owner/operator; single hygienist
  • Currently operating under very limited hours; major opportunity to increase revenue with expanded hours
  • Zero accounts receivable over 30 days
  • Non-assignment practice

Additional Purchaser/Advisor Information:

  • A practice Profile will be provided within 48 hours of your request
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice

For more information or to schedule an appointment, please contact Amanda Kotchie, Sales Representative.

4908

Date Posted: 2023/05/02

Richmond Hill

Opportunities like this are rare:
  • Practice established 39 years
  • Owner will stay as an associate
  • 1600 active patients
  • Gross revenue $1.2M
  • Almost 50% of production is generated by hygiene
  • Many procedures referred out
  • Very low accounts receivable
  • Amazing location

This practice was established in 1984 and has been at its current location since 2004. It is a ground-floor practice in a high-traffic retail plaza on a main street in Richmond Hill. There are 7 operatories plus a Pan in 2,356 sq. ft. The area itself is a combination of commercial, retail and high-density residential. There are future plans for a subway station to be built nearby, resulting in continued residential development.

Since the vendor intends to stay as an associate, this opportunity would be best suited to an investor dentist or multidisciplinary provider who could easily supplement by providing some of the many procedures currently being referred out. There is one associate who is currently on maternity leave until June 2023. This provides an opportunity for a hands-on buyer to fill this void.

With 7 operatories in a spectacular location, there is ample room for two dentists to grow rapidly with an injection of some new skills and ideas.

Conditions of this sale are as follows:

  1. A profile of the practice will be provided to qualified buyers who have completed a ROI Corporation confidentiality agreement.
  2. Appointment Available upon request
  3. A complete practice appraisal will be provided to interested parties who attended the Open

 

For more information about this listing or to book an appointment at the Open, contact Bill Alton, Sales Representative: bill@roicorp.com; 416-731-6535

4900

Date Posted: 2023/04/14

Waterloo Region

Opportunity knocks for this 4-operatory, family dental practice! Ranked with one of the highest growth estimates in Canada, the Waterloo Region is set to be an exciting place for business owners!

The practice is located in a retail plaza conveniently placed on the corner of a major intersection. Effective signage is visible from every angle. With a variety of retailers and restaurants in the immediate area, the plaza enjoys a high level of vehicle and pedestrian traffic. Behind the practice there is a vast residential community with beautiful green spaces throughout.

Established in 2008, the practice has grown with the surrounding area. Approximately 21 new patients are received by the practice monthly – the majority of which are by word-of-mouth referrals. The business is also making efforts to advertise via social media, Google, and local flyers.

An immediate opportunity in the practice is to grow the hygiene team. Preventative codes account for approximately 27% of gross production, which is currently completed by our client. By adding a hygienist to the team, the new owner would be able to focus on other treatment avenues. Additionally, one day per month an associate attends the practice to complete implants and other surgeries. They themselves are a GP – providing a new owner potential to take on those cases if they so choose.

In the past 24 months, the practice has cared for ~1,005 unique patients. About 75% of the patient base is covered by a type of insurance plan. The accounts receivable of the practice are very well managed, noting a nominal total of ~$30,000, of which ~$22,000 was current.

Our client is looking to sell as they are commuting in from another town and are looking for a better work-life balance. We believe this practice could be an ideal fit for someone who already calls the KW area home!

Highlights of this Practice include:

  • 1,237 sq. ft. unit with 4 equipped operatories
  • Current term until 2028 plus 2 x 5-year renewals
  • Fully digital utilizing Abeldent software
  • All staff have written agreements
  • Open Monday to Thursday plus every other Saturday
  • Strong anchor tenants in place with ample, free parking
  • Exclusivity in the plaza

For more information or to schedule an appointment, please contact Jackie Joachim, Sales Representative & COO, and/or Constance Oly, Sales Representative.

4897

Date Posted: 2023/03/21

East Toronto

ROI Corporation is happy to present to you a wonderful opportunity to acquire a practice operating in the same location for almost 45 years.  This family practice has been a consistent fixture under the same owner, who has been a thoughtful custodian to a familiar group of loyal and local patients.  The practice started out of a 960 sq. ft. unit and in 2010, the practice was able to expand to a total foot print of ~1,600 sq. ft.  The location is in a retail plaza that is situated in a mixed use area (residential and commercial).

This practice has earned an excellent reputation by ensuring that patients are respected, and their needs are listened to. This type of care has allowed the owner of this practice to have loyal, long-standing patients – some of which are now multi-generational. Creating a warm and caring environment takes tremendous effort, attention to detail and well-trained staff.

Our client is committed to a successful transition and will be flexible with the new owner.

Highlights of this practice include:

  • 1,400 patients seen in the last 12 months
  • No advertising efforts – all inbound referrals are by word of mouth
  • 7-10 new patients per month
  • 90% of the patients live within 5km of the office
  • Assignment practice with 70% of patients having comprehensive insurance
  • 4 hygienists delivering an excellent hygiene program totalling 10 days of hygiene/week
  • 2 receptionists and 1 assistant
  • 5 fully equipped operatories in ~1,600 square feet
  • High-traffic area with a mix of retail, residential and commercial economic activity
  • The current term on the lease is 10 years expiring on March 31, 2031

For more information or to schedule an appointment, please contact Jackie Joachim, COO & Sales Representative and/or Constance Oly, Sales Representative.

4896

Date Posted: 2023/03/20

Medical Clinic – Mississauga – Ideally sold in tandem with Ref# 4895, the affiliated Dental Clinic.

This is not your usual listing and will not last. It is a once in a lifetime opportunity to acquire a clinic in one of the fastest growing and most desirable neighbourhoods in the GTA. Situated in the hottest area of Mississauga, the Square One area, this is the rare opportunity to acquire a high demand medical clinic and an affiliated, fast growing dental practice in an adjoining physical space.

The neighbourhood is booming with new high-rise developments and the expanding population needs medical and dental services. The medical clinic consists of walk-in and family practice and employs 7 physicians working in 10 examination rooms. The clinic sees over 4500 patient visits per month and a cardiology clinic is about to be added. Further, the clinic is large enough to be able to offer other high demand medical services such as Botox, aesthetics, audiology, etc. Total revenue from the medical clinic is trending to be upwards of $3.0 million for the fiscal year ending      July 31, 2023. This is exceptional, considering the clinic opened only in November 2020.

The dental practice consists of 7 operatories in 1,430 sq. ft. It opened in 2019 and in only 3 ½ years it has grown to 1,700 active patients and production of $85,000 per month, with many procedures still being referred out. There is one full-time associate and one part-time, plus 4 hygienists. All staff and associates are on written agreements. The owner does not work in the practice. The medical clinic feeds the growth of the dental practice so very little external marketing has been utilized. The addition of a marketing program would serve to further increase the activity in the dental practice but as the medical clinic continues to grow, so will the dental practice.

The medical clinic has an appraised value of $980,000. The dental practice has been appraised for $1,595,640. Ideally, the vendor would like to sell both practices to a single purchaser but would consider selling them separately. You do not have to be a medical doctor to own a medical clinic and while the current owner is not an MD, he is willing to make himself available on a consulting basis to ensure a smooth transition for a new owner.

 For more information, please contact Bill Alton: bill@roicorp.com; at (416) 731-6535.

4895

Date Posted: 2023/03/20

Medical/Dental Clinic – Mississauga – Ideally sold in tandem with Ref# 4896, the affiliated Medical Clinic.

This is not your usual listing and will not last. It is a once in a lifetime opportunity to acquire a clinic in one of the fastest growing and most desirable neighbourhoods in the GTA. Situated in the hottest area of Mississauga, the Square One area, this is the rare opportunity to acquire a high demand medical clinic and an affiliated, fast growing dental practice in an adjoining physical space.

The neighbourhood is booming with new high-rise developments and the expanding population needs medical and dental services. The medical clinic consists of walk-in and family practice and employs 7 physicians working in 10 examination rooms. The clinic sees over 4500 patient visits per month and a cardiology clinic is about to be added. Further, the clinic is large enough to be able to offer other high demand medical services such as Botox, aesthetics, audiology etc. Total revenue from the medical clinic is trending to be upwards of $3.0 million for the fiscal year ending      July 31, 2023. This is exceptional, considering the clinic opened only in November 2020.

The dental practice consists of 7 operatories in 1,430 sq. ft. It opened in 2019 and in only 3 ½ years it has grown to 1,700 active patients and production of $85,000 per month, with many procedures still being referred out. There is one full-time associate and one part-time, plus 4 hygienists. All staff and associates are on written agreements. The owner does not work in the practice. The medical clinic feeds the growth of the dental practice so very little external marketing has been utilized. The addition of a marketing program would serve to further increase the activity in the dental practice but as the medical clinic continues to grow, so will the dental practice.

The medical clinic has an appraised value of $980,000. The dental practice has been appraised for $1,595,640. Ideally, the vendor would like to sell both practices to a single purchaser but would consider selling them separately. You do not have to be a medical doctor to own a medical clinic and while the current owner is not an MD, he is willing to make himself available on a consulting basis to ensure a smooth transition for a new owner.

 

For more information please contact Bill Alton: bill@roicorp.com; (416) 731-6535.

4889

Date Posted: 2023/03/10

Downtown Toronto

ROI Corporation is proud to bring this growing opportunity to market. This is a downtown Toronto practice that is currently experiencing growth as office professionals return to work.

Situated directly in the downtown core, this 20+ year old practice has catered to a myriad of successful and highly insured patients for over 2 decades.  The continued influx of downtown office workers returning to work routines has reflected in strong upward trends, in practice revenue and patient care demand.

This is a non-assignment practice, which is seldom seen in today’s highly competitive dental market. Complimented by a growing hygiene program which generates over 34% of revenue, this practice has all staff and associates on contract.

At 1,300 sq. ft.,  welcoming, modern facility houses 3 fully equipped operatories, with plumbing and wiring for a 4th. An updated sterilization area, large reception room and private office make this the perfect practice for a new owner, as this office returns to pre-Covid production levels, which exceeded $1,190,000.

This is an incredible opportunity to purchase an established practice, that continues to benefit heavily from patients returning to their normal work routines.

Highlights of this Practice Include:

  • Non-assignment practice
  • AAA location
  • Strong lease with security until 2037
  • Associates all on signed agreements
  • Employees all on signed agreements

Additional Purchaser/Advisor Information:

  • A practice profile will be available to qualified purchasers requesting information.
  • The Webinar will be recorded. If you are not available to watch it live, we still encourage you to register as it will be sent to those who qualify following the live event.
  • A Virtual Tour will be provided to qualified parties
  • The Appraisal will be available to all qualified purchasers
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For additional information, please contact Nicholas Boyle, Sales Representative.