Region: Ontario

4875

Date Posted: 2023/03/02

UPDATED – Reduced Asking Price 

Durham Region – Previously Listed for $315,140

ROI is delighted to offer an optical store for sale in a rapidly growing town in the Durham Region. This diverse town provides a wonderful sense of community through festivals, events, arts & culture as well as a lively downtown area.

Our client, an optician, secured an ideal 1,350 sq. ft. unit in the heart of the town. Built-in 2018, this modern plaza offers a perfect assortment of tenants. With an expansive parking lot, the plaza never feels crowded or overwhelming. The optical store has exclusivity in the large plaza for an optical clinic and/or eyewear retail store. For the lease, the current term runs until July 2023 with 2×5-year renewals. No demolition clause is in the lease.

Receiving 25-35 new clients per month, the business has been able to serve approximately 900 clients in the past 2 years. Currently run as a solo-owner operator business, a successor who is a licensed optometrist could easily continue to grow the business by offering another layer of services. An optometrist attends the store one day per week. Standardly, they are booked out 2 weeks ahead.

The plaza is surrounded by residential developments with great access to parks and green spaces. It is also well connected for commuters with major highways less than 3km away. The town has all the desired amenities and is poised to support future growth. The new owner could collaborate with other local businesses to further become ingrained in the community.

Highlights of this optical store include:

  • Open 6 days/week
  • 25-35 new clients/month
  • ~1,350 sq. ft. unit
  • Located in a lively retail plaza
  • Exclusivity in the plaza
  • Room to expand service offerings

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A Confidential Open (by appointment only)
  • The Appraisal will be distributed to qualified buyers
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For more information or to schedule an appointment, please contact Roopali Kapoor, Sales Representative.

4873

Date Posted: 2023/02/28

Richmond Hill – Improved Asking Price – was previously listed at $773,170.00

Originally established in 1990, this practice was purchased by the current partnership owners in 2015, with the previous owner remaining as a part-time associate. The practice, consisting of 3 operatories plus a Pan in 1,200 sq. ft., is located on the upper floor of a 2-story professional building, which the neighbouring church owns.

The area is primarily residential, with a new development recently being built directly across the street. There is a bus stop directly in front of the building. The practice has been well maintained and shows beautifully. An abundance of windows allows for lots of natural light in this second-floor office. Other highlights of the practice include:

Highlights of this practice include:
  • Approximately 700 active patients
  • Annual production approximately $500K
  • Good hygiene program
  • Lease runs to 2030. Current term to 2026
  • Monthly rent is approximately $5,000
  • Paper charts, but radiology is digital
  • Practice software is Dentrix

This an opportunity for a hands-on solo dentist to take control of an established practice in an excellent location and to take that practice to a new level of growth and development.

Additional Purchaser/Advisor Information:
  • A profile of the practice will be provided to qualified candidates who have completed a ROI Corporation confidentiality agreement.
  • The full appraisal will be provided to qualified candidates.
  • Offers for this practice will be considered as received.

 

For more information or to schedule an appointment time to see the practice please contact Bill Alton, Sales Representative.

4867

Date Posted: 2023/02/21

Toronto West – Improved Asking Price was previously listed at $950,000

Are you ready to take your dental career to the next level? Look no further! We have the perfect opportunity waiting for you in an idyllic location on Bloor Street West in Toronto.

Our dental office is nestled in the heart of an affluent area, making it the ultimate destination for your thriving practice. Situated on the ground floor of a stand-alone building, our location offers the best of both worlds—residential, retail, and commercial. Plus, we’re conveniently positioned directly across the street from a bustling transportation hub, complete with a bus terminal and subway station.

With over 30 years of serving the community, our practice boasts a legacy of trust and reliability. Our team comprises experienced, dedicated staff, including an assistant, front desk personnel, and a skilled hygienist. We are proud to be a well-balanced family practice, catering to patients of all ages. While our focus is primarily on restorative dentistry, we also handle referrals for specialized procedures.

Our practice may not be the largest, but it’s incredibly efficient. Spanning approximately 900 sq. ft., we have three well-equipped operatories, a private office, a consultation room, and two convenient washrooms. The lease is up for renewal in October 2026, offering an excellent opportunity for renegotiation.

If you’re a solo dentist seeking a practice of your own, this is the golden opportunity you’ve been waiting for. Our practice consistently averages $50K in monthly production, with impressively low receivables.

Nestled in a first-class neighborhood, our practice is not only a professional haven but also a community gem. Enjoy the perks of running your own practice in this prestigious area.

Don’t miss out on the chance to make your mark in the dental world in a location that’s second to none. Seize this opportunity and embark on your journey to success.

Contact us today to learn more and schedule a visit. Your dream dental practice awaits on Bloor Street West, Toronto!

Highlights Include:
  • Lease runs to Oct. 2026. Renewals would have to be negotiated
  • The practice consists of one dentist, one part-time hygienist, one assistant and one front-desk person
  • Annual production in 2022 was approximately $580K
  • Very little marketing done
  • Dexis digital x-ray system
  • Practice management software is Paradigm/LogicTech

This is an ideal career opportunity for someone interested in an established, stable, hands-on, solo dentist practice in an excellent location.

Additional Purchaser/Advisor Information:
  • The full appraisal will be provided to qualified applicants

 

For more information, or to arrange an appointment time to see the practice,  contact Bill Alton, Sales Representative

4865

Date Posted: 2023/01/20

Ottawa West – Stittsville – Turn-Key Facility

ROI Corporation is pleased to offer a beautiful 5 operatory (3 equipped) practice for sale in the beautiful suburb of Ottawa,  Stittsville. Stittsville is located just west of the city of Kanata and High Tech North.  The practice is located in a desirable community, on a busy street in a strip plaza at the junction of two main thoroughfares.

The practice is currently closed, and there are no patient files or providers on site.

This offer is for the facility only.

The practice was built in 2012 with attention to the highest standards of design and ergonomics.

The 1,952 sq. ft. facility currently has a premise lease plus renewals to June 2032.

Highlights of this practice include:

  • 3 Sirona Dental chairs and delivery units – ergonomic design
  • Kappler cabinets with corion counters
  • Sirona Orthophos XG Panorex
  • Abeldent Software
  • TV’s and Monitors in each op
  • MCC Cabinets in sterilization
  • Private office
  • Laboratory
  • Staff room

Additional Purchaser/Advisor Information:

  • A practice highlights information sheet will be provided to all interested parties
  • Signed offers will be presented as received
  • Closing: Upon 30 days acceptance of offer

For more information or to schedule an appointment, please contact Ann Wright, ann@roicorp.com (613)769-6582 Sales Representative.

 

Markham, Drew

Date Posted: 2023/01/18

After graduating from dental school at the University of Michigan in 1998, Drew associated, partnered, and owned a variety of practice styles and locations during his career. During that time, he was a member of the Ontario Dental Association Economic Committee, as well as an ODA Councillor, and has a keen understanding of the economic challenges that dental practice owners face today.

When he had an ROI appraisal completed, that valuable information allowed for a change in his original plans to perhaps practice for another 20+ years. Instead, Drew sold both of his practices through ROI, moved to the UK for two years and travelled the world, all while protecting his personal net worth. Drew’s primary goal is to help his peers to achieve the freedom they deserve when ready and he is happy to chat at any time about his experience with ROI, and the dental industry at large.

 

4861

Date Posted: 2023/01/18

Mississauga – Facility Sale

A superb location in the hot market of Mississauga. This is a 4 operatory practice, fully equipped and situated in a high-traffic medical building on Hurontario Street south, with exclusivity for dentistry in the building. The current owner relocated his patients to a new office 2 kilometers away, although it is likely that some of the patients who live locally would prefer to continue their treatment at this location, as they have been doing for the past 20 years. The landlord is open to writing a 10-year lease for a new owner.

If you are considering doing a start-up, this could be a better option at a much lower price. The location is excellent and there is a realistic possibility of getting referrals from other healthcare professionals in the building. The building is in a residential area and offers lots of free parking. Additionally, electricity and water are included in the rent, as are office cleaning services. A locker/storage area is provided on the ground floor.

For more information about this opportunity or to arrange a time to see the office, contact Bill Alton, bill@roicorp.com (416) 731-6535, Sales Representative.

4742

Date Posted: 2023/01/13

 

Woodbridge – FACILITY SALE

This recently built practice is available for sale in an upscale area in Woodbridge. The office is situated in a retail plaza with excellent visibility from what is a very busy street level. This offering will appeal to a practice owner looking for a new space, a satellite practice or a warm start for an associate looking to ascend the ownership ladder!

Although this is not a goodwill sale, approximately 100-120 patients have attended the practice since it slowly opened its doors less than a year ago. Despite keeping minimal hours new patient flow is estimated at 20 per month. With brand new equipment and leaseholds, the practice consists of three operatories, a pan room, consultation room, sterilization area, lab area and a private office. There is a large basement area with an additional washroom and an open space currently being used as an office. At present two operatories are equipped with one additional operatory plumbed and wired. Both of the operatories are equipped with a chair, cabinetry and x-ray. Total area is approximately 1,600 sq. ft.

This is an opportunity to get into this desirable location right now and not have to be concerned with the exhausting/expensive process of negotiating a lease and building out an office. Suffice to say, the asking price is less than it would cost to complete a comparable project if undertaken today.

Highlights of this practice include:

  • Excellent lease – existing 10 year and right to renew for 3 five year terms
  • High density area with exceptional potential for new patient flow
  • Ground floor location with free parking
  • Newly equipped ops, sterilization area, x-ray area
  • RBC Bank across the street creates foot traffic
  • Turnkey facility for less than you can build today!

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • The Appraisal will be distributed to qualified buyers
  • Appointments to view the practice will be available on an individual basis – following proper COVID-19 protocols
  • 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 Roopali Kapoor, Sales Representative.

4862

Date Posted: 2023/01/12

Kitchener/Waterloo

ROI Corporation is proud to present an established practice for sale located in Kitchener/ Waterloo.

Our client bought this practice in 2015 and has not practiced dentistry as the office is associate run. The potential to grow revenue is exponential as the current associate takes 2.5 months’ vacation. The office produces approximately $50,000 per month on average with over 40% of this revenue being produced by an efficient hygiene program.

With a committed owner operator this practice could easily increase production from day one of ownership. The successful purchaser may reduce vacation time to increase revenue and continue to be open 4 days per week with no evenings, Fridays or weekends to enjoy the current practice lifestyle balance.

Originally opened in the early 1990’s this practice has provided patient care to this community for almost 30 years. Located in a busy, newly renovated retail plaza, this practice enjoys high levels of foot traffic and ample free parking.

The 1,235 Sq. Ft. facility is home to 4 fully equipped operatories, sterilization area, staff room, private office and more.

This is a great opportunity to purchase and grow an established practice in the Kitchener Waterloo area.

Highlights of this Practice Include:

  • 87% of revenue derived from diagnostic, preventive & restorative procedures
  • Opportunity to expand and increase revenue
  • 1,000+ unique patients seen in the last 12 months
  • 80% of patients are covered by insurance
  • Well managed accounts receivable is less than two weeks billings

Additional Purchaser/Advisor Information:

  • A practice profile will be available to all 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.
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review.

 

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

4860

Date Posted: 2023/01/09

Brampton – Improved Asking Price

Dear valued customers,

In our original advertisement of this opportunity, the asking price was listed as $1,005,740. Despite the practice having an upward growth trajectory, our client has instructed us to lower the price to expedite the sale. The new asking price is $950,000.

This general family practice is in a busy commercial/retail area in old town Brampton. The loyal base of patients has become accustomed to a moderate 5-day clinical schedule supplemented by associates, affording the owner the luxury of a work-life balance. The owner dentist (who does some hygiene) is accompanied by another well tenured, full-time hygienist who offers patients well-rounded, consistent service, providing a seamless runway for buyer integration, continuity, and addition of services.

The office is currently operating out of two ops but has the capacity and associated plumbing to have four chairs in operation. Operationally savvy individuals will identify multiple verticals to optimize workflow and increase on already impressive earnings in an above ground space that saw a beautiful renovation when the office was established in 2016. There is undeniable attention to detail with respect to the leasehold improvements and investment in quality building materials that shows across the thoughtful design of this office that sits in a very generous ~1,350 sq. ft.

The office operates in an efficient manner with a small and committed group of staff that compliment an efficient practitioner who has routinely demonstrated consistent revenue numbers in recent years. Taking ownership of this office presents excellent income potential in the present and a long-term location to grow a practice in one of Brampton’s oldest and most beautiful suburbs.

Highlights of this practice include:

  • Excellent cash earnings of over $425,000. An antidote in a climate of rising interest rates
  • 90% of patients are covered by insurance, many with dual coverage.
  • Collection issues and discounting are minimal with 95% collection success.
  • Approximately 725 patients attended the practice in the last 12 months
  • Abundant free parking
  • Fully digital, with a panorex
  • 70% of patients are of Filipino descent
  • ~15 new patients per month in the last 12 months

Additional Purchaser/Advisor Information:

  • A Virtual tour and profile will be provided within 24 hours of request to those who have completed a ROI Corporation confidentiality agreement
  • A Confidential Open (by appointment only)
  • Offers are due Immediately
  • 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 prefers a closing date in Early 2024

For more information or to schedule an appointment, please contact Mr. Robert Spillane, Sales Representative

 

4859

Date Posted: 2023/01/05

Northwest of the GTA 

If owning real estate while building up your dental practice is within your 2023 objectives, this may be ideal for you. The practice is situated 20-30 minutes northwest of the GTA.

Canadian banks have become much more conservative with approving brand-new start-up practice financing because of the immense competition surrounding all existing dental practices. Setting up a brand-new practice anywhere in greater Toronto will cost a minimum of $750,000. Not to mention a minimum of one year to negotiate a brand, new premise lease and obtain building permits.

Our client purchased the real estate with the intent to rent the property and sit back as a real estate investor. He then decided to build out a modest dental practice in the front half of the facility and began to work part-time in this “hobby” practice.

The asking price of the dental practice is $ $299,000 and the asking price of the condominium is $850,000.

The office has been open 2 to 3 days per week on a relaxed daily schedule for the past 4 years. Our client has always taken 6 to 8 weeks of vacation and is now ready to retire.

The practice is situated in a high-growth community on a major thoroughfare. The condominium is street-front (storefront exposure) with two fully equipped operatories and ample room for expansion.

One of the great features of this condominium is the back half of the unit has a 16’ high-ceiling warehouse space with a 14’ roll-up truck door. It would be ideal to suit a variety of other businesses. Complimentary ventures to the dental practice, such as a dental laboratory or dental repair/supply service, would be ideal.

A small mezzanine on the second floor provides additional office and storage space (7ft. ceiling).

The dental practice generates a modest cash flow. Thus, it should be viewed as a warm start rather than a complete cold start/ de novo opportunity. Digital radiography, Panoramic X-Ray, Maxim software.

Our client is ready to close quickly, provided the purchaser is interested in both the dental practice and the real estate acquisition at the same time.

The demographic of this community is distinctly younger families and due to the late career status of our client, he has not been offering hours that are convenient for the young family profile of the immediate area.

Three part-time hygienists each work at the practice one day a week.

Important note:

The full-time Receptionist/Assistant will be retiring in the fall of 2023, making this an ideal opportunity for the purchaser to introduce a family member or trusted employee to take over the senior administrative role in the practice. A new, part-time, dental assistant will also be required.

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided upon request
  • The Appraisal will be distributed to qualified buyers
  • Offers will be presented as they are received
  • Offers should be accompanied by a draft payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

    For more information or the practice address, please email sales@roicorp.com. 

     

    www.miltondentalclinic.com photographs can be provided to you in advance.