Region: Ontario

5125

Date Posted: 2024/09/04

Durham Region

An extraordinary turn-key dental facility is available for sale in a charming community of Durham Region.  Serving as a hub to the many surrounding smaller communities, this township offers beautiful Victorian heritage with an exceptionally well-maintained waterfront park.

In 2017, our client purchased the two-storey standalone building, seeing great potential in converting it to a dental practice. Professionally designed, the modern style accompanied by warm accents allows the space to feel clean and welcoming.

Offering approximately 2,200 sq. ft. of space between the first and second floor, the practice has a beautiful footprint to grow into. Currently, the practice is contained to the main floor with 2 fully equipped operatories. There is room to add additional operatories on the main floor. Then the second floor could be used as a staff oasis and/or an administrative space.

The standalone building is also available for sale. Located on a corner lot along a main street, the facility benefits from strong visibility. There are 10 private parking spaces available on the lot for patients and staff.

Our client is choosing to sell this practice as a facility sale. Due to other commitments since the practice’s opening in 2017, they have not been able to commit as much time to this location. The practice currently grosses ~$200,000 annually. The patientbase would be transferred to the new owner.

This listing can be sold on its own or in tandem with listing #5124. Please click here to view the website advertisement for #5124.

Highlights of this dental facility include:

  • Belmont units in both operatories
  • 2,200 sq. ft. of space plus a basement
  • Building also available for sale with an asking price of $1,350,000
  • 2 fully equipped operatories with room to immediately expand
  • Large sterilization area/ laboratory
  • 2 washrooms

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 following the Open
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For more information, please contact Jackie Joachim, COO & Sales Representative, and/or Constance Walker, Sales Representative.

5124

Date Posted: 2024/09/04

Durham Region

ROI Corporation is delighted to present this excellent opportunity for ownership of two practices both located in a highly desirable and mature areas in Durham Region.  The practices can be sold as a package or individually.   Please click here to view the details of the second location (Listing #5125).

Practices operating in smaller towns enjoy many benefits that those in major cities – patients are more relaxed, pace is a little less hectic and sense of community is greater.  Located within the historic downtown area, this particular community is experiencing growth and it is projected to exceed 23,000 residents by 2028.  The average household income is $117,000 per year.

Opened in 2015, this practice has 3 operatories with room for a 4th.  This beautifully designed office spans a little over 1,300 square feet.  Our vendor owns the property and the opportunity to be your own landlord definitely exists. The property is valued at $965,000.

Our client owns multiple locations so a new owner will take this clinic to the next level with a good marketing plan and being available to book same day dentistry.  Currently, offering 1 day a week of dentistry and 3 days of hygiene, the practice is on track to exceed $700k in production for the current fiscal year.  Most patients have excellent insurance coverage.  This clinic offers a strong foundation for success with approximately 400-500 active patients.

Highlights of this facility include:

  • 3 fully equipped operatories with room for a 4th
  • 2 hygienists producing 35% of gross revenue
  • Well trained staff including reception and 2 assistants
  • All staff on contracts
  • Fully digital office
  • 80% of patients have excellent insurance
  • Assignment with excellent collection policy
  • Cleardent software
  • Real estate also available for sale

 

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 following the Open
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For more information, please contact Jackie Joachim, COO & Sales Representative, and/or Constance Walker, Sales Representative.

5128

Date Posted: 2024/08/28

North GTA 

ROI Corporation proudly presents an exceptional opportunity to purchase a conscientious and well-run family practice. This clinic has been in the community for over 30 years. This opportunity is perfect for all purchaser profiles – owner operator(s) and Investor Dentists™ alike.

Our client has decided to sell to focus on their young family. A robust  transition will be assisted by the vendor to ensure that the new owner is successful.

The office has been in this  location (a busy, retail plaza) since the early 2000s. Situated in a highly visible unit. This 1,700 sq. ft. facility boasts five operatories (all with digital radiography), plus well-equipped sterilization and laboratory areas.

The dental office has an exceptional hygiene program, accounting for 41% of total production. Approximately fifteen total outbound referrals are made monthly including orthodontic, endodontic, and oral surgery. The traditional hours reflect a well-established owner totaling thirty-five dental hours and sixty hygiene hours per week. A new owner will experience continued growth for many years to come.

The patients are a mix of ages and cultural backgrounds, and the majority live or work in the area. It is an assignment office, with most patients having comprehensive insurance.

The premise lease currently has term  until 2042. The office has exclusivity in the plaza. The lease  has a termination clause that was  deferred when the current owner took over.  The landlord has confirmed that there are no plans for demolition and therefore, we expect the same postponement to be provided for new owner.

Highlights of this practice include:

  • High density/growth area
  • The hygiene program generates over 40% of gross billings and booked ahead 8 weeks
  • 1,800 active patients
  • Five well equipped operatories
  • 15+ monthly referrals for orthodontic, endodontic, and oral surgery procedures
  • ~ 15-20 new patients per month
  • Room to extend hours
  • High visibility, ground level, busy plaza on a major highway
  • High traffic established neighbourhood with a strong mix of residential, retail, industrial and commercial economic activity

For more information, please contact Jackie Joachim, COO & Sales Representative, and/or Constance Walker, Sales Representative.

5130

Date Posted: 2024/08/23

Ottawa – west end – equipment and premise lease only – Asset Sale

ROI is pleased to offer a well-appointed, 5-operatory facility for sale. This practice, located on the 3rd floor of a professional building, is on one of Ottawa’s busiest streets and has convenient access to public transportation (including LRT). As a bonus, there is a large, free parking lot.  The immediate area is undergoing significant urban redevelopment, with several new condominium projects within walking distance of the office.

This spacious, 2,700 sq. ft. facility includes 5 operatories, a sterilization area, an x-ray area, and a large waiting and reception area. As a bonus, 3 recovery rooms are directly accessible from the treatment rooms.  The current lease expires in September 2028 and includes one five-year renewal to September 2033.  It is assumed that an additional renewal can be negotiated with the landlord.

The operatories are equipped with Midmark chairs and delivery units and Belmont intra-oral x-rays. There is no panoramic unit and no digital radiographs in the practice.

Computer hardware and all printers are included; however, the software is non-transferable.

This practice will appeal to practitioners offering sedation who may wish to offer a private recovery area to their patients’ post-appointment.

The appraised price of this practice is estimated to be 50% of the cost to outfit a new office. All equipment is well-maintained and in very good condition.

This practice will be available this fall.

Highlights of the practice:

  • Turn-key – move-in ready
  • Asset sale – beneficial to buyers
  • Existing premise lease with renewal to September 2033
  • Spacious – 2,700 sq. ft. plus basement storage
  • 5 well-equipped ops
  • Conveniently accessible by both public and private transportation

Key Timelines:

  • Practice Highlights Booklet will be available upon request
  • Confidential OPEN by appointment only
  • Closing date – TBD

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

 

 

 

 

 

 

 

5131

Date Posted: 2024/08/22

Toronto

ROI Corporation is pleased to announce the sale of a dental office with excellent visibility in the heart of downtown Toronto.

Our client is relinquishing ownership of this associate-driven office in order to pursue other business opportunities.

The sale is structured as a tangible asset sale which is tax advantageous to a purchaser.  Speak to your accountant about future tax shields when buying assets vs shares of a Professional Corporation.

This well-laid-out and equipped office is highly visible due to street exposure.  Spanning a little over 1,500 square feet, building out a similar-sized office in this location can range from $1.0 to $1.5 million in start-up costs.

The office was built in 2013, and ten years later, it was generating approximately $1.3 million in annual gross revenue, treating approximately 1,400 patients of record.

A milestone event occurred in the Spring of 2023 – a fire closed the practice for almost one year.

Since the grand re-opening in May 2024, many pre-existing patients have returned accompanied by new patients due to the high exposure.

Now in the Summer of 2024, the practice is generating ~$55,000 per month. There are 2 Associates, 1 hygienist, 1 assistant, and 1 receptionist employed.

The practice is open Monday to Friday from 10 am to 7 pm and Saturdays from 10 am to 3 pm.   Our client does not attend the office.

The practice has already established a relationship with Toronto Metropolitan University (TMU) and will be participating in Frosh Week, where over 5,000 students will be visiting their booth next week. A complete marketing plan for the University has been planned and can be easily executed by a new owner. It is well known that universities and staff have a form of dental coverage.  Since it is associate-driven, it would also be an excellent opportunity for someone who already has an established clinic and would like to tuck this one into their existing office.

This opportunity is also perfect for the sophisticated purchaser who may purchase nearby, smaller offices simultaneously in order to create a mega office.

The current lease runs until 2028, with a further extension until 2033.  There is a demolition clause which, when exercised, will ultimately require the new owner to move the clinic. An application has been filed for redevelopment, but the demolition clause, which has a 12-month notice period, has not yet been triggered.  Given the current location, proximity to TMU and the dense population, moving the clinic to a new location is very feasible.  Practices are successfully moved on an ever-increasing frequency, and a new owner can enjoy the next 3-5 years to not only return the production to the pre-fire levels but continue to increase new patients with the marketing plan already established by our client.

Finding new space in the core of downtown, given the increase in vacancies, can be successfully achieved.

ROI Corporation’s valuation has been published with full consideration of the demolition clause.

This truly is an excellent and rare opportunity to acquire a successful practice well below the cost of a startup.

Highlights of this practice:

  • 35-40 new patients per month (39 in the month of July – traditionally a slow month)
  • Assignment office
  • Tracker software
  • Fully digital
  • 3 operatories with room for 2 additional

Additional Purchaser/Advisor Information:

  • Appointments to view the practice will be available on an individual basis
  • Offers will be presented to our client as received
  • 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 Jackie Joachim, Sales Representative & COO, and/or Constance Walker, Sales Representative.

 

 

5119

Date Posted: 2024/07/31

West Toronto

Secure your future in a thriving community with this exciting ownership opportunity! 

This general family dental practice boasts countless features that are both highly sought after and hard to come by in todays’ market. Our client purchased this practice in 1985 and relocated to the existing facility in 2021 when the practice was newly built. The dental office prides itself in a premium, storefront location in a vibrant and bustling community where foot and vehicle traffic are abundant. 

Key Features of the Practice: 

  • Operating Hours: Open only 4 days per week with no weekend hours, offering excellent work-life balance
  • Modern Facility: Relocated and newly built in 2021, this 6-operatory practice offers state-of-the-art equipment and a welcoming environment 
  • Secure Lease: The premise lease renewal options extend until 2041, providing long-term security without the risk of demolition or relocation. This is incredibly rare in such a premium location! 
  • Potential for Growth: Experience endless growth by implementing marketing efforts (currently none) and expanding upon operating hours and service offerings 
  • Location: The practice is located on the street level with high visibility and foot traffic in addition to TTC access (subway and bus)
  • Patient Base: 1,537 patients have visited in the last 24 months, indicating a stable and loyal clientele and hygiene services contribute to over 46% of gross income

Additional Information for Potential Buyers: 

  • A Practice Profile will be available to qualified purchasers within 24 hours of your request 
  • A Confidential Open will be held by appointment only
  • 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 more information or to schedule a viewing, please contact Alexis Sweetnam, Sales Representative. 

 

 

 

5114

Date Posted: 2024/07/15

North Toronto – “The building’s asking price has been reduced to $2,000,000 from the appraised value of $2,200,000. The vendor is also willing to assign a new and favourable lease to a buyer with the first option to purchase.”

ROI Corporation is proud to bring this established, general practice to market.

Situated on the corner of an extremely busy thoroughfare in North Toronto, this practice has provided the community with a high level of personalized dental care for over 30 years.

Generating an average monthly production of more than $44,900, this practice has treated approximately 1,370 unique patients in the last 12 months. Preventative services contribute to approximately 40% of the revenue annually.

With virtually no advertising, several specialty treatments referred out (including all endo procedures), and a schedule that includes no evenings or weekends, the opportunities to increase revenue within this business are vast.

The building, which is also available for purchase, enjoys excellent exposure on a main street that sees consistent local and region-wide traffic. Home to 3 fully equipped operatories, panoramic X-ray, storage areas, and more, this 1,066 sq. ft. facility provides a clean and comfortable clinical environment for patients. A spacious basement apartment offers the owner an additional income stream as well as the opportunity to expand the practice in the future.

Advisors will frequently recommend property ownership, when possible, as the ability to be your own landlord provides a large degree of security to both the practice and the real estate investment. Utilizing this growing practice to pay down a property, which is poised for an exponential increase in value over the next decade, is highly advisable.

This is an incredible opportunity to purchase an established practice and property while transitioning into long-term ownership of a community-oriented practice.

Highlights of this Practice Include:

  • 1,370 patients seen in the last 12 months
  • Accounts Receivable managed well below industry average
  • Opportunity to purchase the property and be your own landlord or sign a favourable lease with no demolition clause and the first option to purchase
  • Growth potential is endless, considering the countless outbound referrals, conservative office hours and absolutely no recent marketing efforts

Additional Purchaser/Advisor Information:

  • A practice profile will be available to qualified purchasers requesting information
  • Confidential showings can be arranged by appointment for qualified buyers
  • 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 Alexis Sweetnam, Sales Representative.

 

 

5106

Date Posted: 2024/07/11

This ownership opportunity represents a sound investment for individuals with an entrepreneurial mindset. Success as an owner requires a strong strategy for efficient operations and the establishment of a competitive market presence. This well-established store is primed for further growth. Located in the affluent Leslieville/Riverdale area, it generates approximately $470,000 in revenue and is listed at $399,000 plus inventory. With an associate optometrist already in place, there is significant potential for expansion, making this an ideal opportunity for an optometrist or optician to elevate the business to new heights.

As members of a national franchise, a new owner will benefit from:

  • Training Before and After
    Ongoing training for owners and staff as well as tools to help simplify management.
  • Established Supply Chain
    A brand’s buying power enables an owner to enjoy discounts with vendors.
  • Operational Expertise/In-House Support
    Streamlined processes, expertise, insights, and ongoing owner support.
  • National Marketing
    Create brand awareness through national advertising campaigns.

The vision care industry will continue to experience rapid growth over the coming decades as more Canadians age and the demand for eye care increases. For ambitious individuals who wish to work for themselves and own their own businesses, these are opportunities not to be ignored.

For more information, please contact Lance Edwards at lance@roicorp.com.

5109

Date Posted: 2024/07/09

Vaughan

This long-established family practice is located in the Woodbridge area of Vaughan. Built in 1983 by the current owner, the practice sits in the heart of a residential area. The building is owned by a religious order with whom the dentist has an excellent relationship. So much so that there is currently no lease in place. For 40 years, they have simply agreed on an annual rent and have never encountered any problem. The landlord understands these are different times and is open to establishing a long-term lease with a new dentist.

The practice is relatively small, only 890 sq. ft. with 3 operatories plus a Pan. Also, keep in mind that it is an older practice, functional but not glamorous. For a buyer interested in expanding the practice, vacant space is available in the building adjacent to the practice that could be subject to negotiation. With such a long tenure in the same location, the practice has approximately 3,000 registered patients, and no advertising is necessary.

The practice is established but not out of date. The owner is experienced with many procedures, so this is more than just a basic restorative practice. It operates 5 days per week, and an office manager is employed to handle the patient flow. Additionally, there is a receptionist, an assistant, and 2 hygienists.

The owner would like to continue as an associate for 3 days per week following closing. This is ideal for maintaining stability in the practice and still leaves ample chair time for a new owner or associate. Other highlights of this practice include:

  • Production was approximately $700,000 in 2023
  • There are 5 days of hygiene, which accounts for 25% of the total production
  • Practice management software is Abeldent
  • A Trios intra-oral scanner is in use

The terms of this sale are as follows:

  1. A profile of the practice will be provided to qualified purchasers who have completed the ROI Corporation confidentiality agreement.
  2. An Open, by appointment
  3. The full appraisal will be provided

For more information, or to book an appointment to see the practice on Sunday, July 14th, contact Bill Alton, Sales Representative.

 

5041

Date Posted: 2024/07/06

East GTA – Reduced Asking Price

ROI Corporation is excited to present you with this golden opportunity: ownership of a long-standing dental practice in the heart of a busy city in the east Greater Toronto Area. With the acquisition of this practice, you will be seizing your chance to build on a legacy of exceptional oral healthcare and continue to make a lasting impact on the community.

Located in the region of Durham, this city is known for its diverse geography, including lakefront areas, conservation areas, greenspaces, rural landscapes, and suburban neighbourhoods. The economy of this city is diverse, and it has seen growth in recent years attracting new residents and businesses.

Centrally located, it is situated on the second floor of a medical building and houses 4 fully equipped operatories in ~1,000 square feet. With this practice you will enjoy main street visibility and an established presence in a high-density residential area.

Empowered by a close-knit team of skilled and devoted professionals, our client has continued to cultivate a steadfast and diverse patient community over the course of a decade. This enduring commitment is a testament to their unwavering dedication to meeting the individual dental needs of every individual who enters their practice.

Highlights of this practice include:

  • Established in the 1980’s
  • Recently renewed, stable lease that includes the right of first refusal and has NO DEMOLITION CLAUSE!
  • 10-12 new patients per month
  • Hygiene is ~45% of revenue
  • Open 4.5 days per week

Additional Purchaser/Advisor Information:

  • A practice Profile will be provided within 48 hours of your request
  • Confidential Open by appointment Only
  • The full Appraisal will be available following the Open
  • 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.