Region: Ontario

5109

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The practice is established but not out of date.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

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.

 

5101

London Area

This is an exceptional opportunity. The practice is located in a stand-alone building, ground floor, in a village just east of London but serving the larger township area. The practice has high visibility and is wheel-chair accessible.

The owner built the practice in 2019 expecting to have a quiet life but it turned out to be anything but that. The area has benefitted from the explosive growth in the population of London and the people who want to work but not necessarily live there. The surrounding area of the practice has been historically agricultural but the times they are a changing. The result is a beautifully built practice in a highly desirable rural but growing location.

The practice has 3 equipped operatories, two additional operatories with cabinetry but no chair and a 6th room plumbed and wired for an operatory but presently used as an office. There is one more office, a staff room and a Pan. The total occupied area is about 1,700 sq. ft. The lease runs to December 2029 with two additional 5-year renewal options. There is a clause in the lease providing the dentist with first right of refusal to purchase the building, should it be put up for sale, which is a possibility.

This is a well-balanced family practice open 5 days per week plus some Saturdays. There are approximately 1,400 active patients and 4-5 days of hygiene per week. The radiology is digital (with sensors) and practice management software is Dentrix.

Production this year should be in excess of $800,000 which is good for a solo dentist practice. The vendor would like to continue as an associate for 2-3 days per week for 1-2 years. This practice would be ideal for a dentist interested in working only part-time initially or for an investor who would add a second associate.

The terms of this sale are as follows:

  • A profile of the practice will be provided to qualified purchasers who have completed the ROI Corporation confidentiality agreement.
  • An Open, by appointment only
  • The full appraisal will be provided 2 days prior to the Open to those who have booked an appointment to see the practice.

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

5104

8 Dovercourt Road, Toronto, ON

Downtown Toronto Dentists!

Art Condos is an award-winning, 11-storey boutique condo in Toronto’s trend-setting fashion district. This innovative masterpiece captivates with its prime location, offering a ground-level retail, office, medical, dental, veterinary, fitness/flex space opportunity to maximize exposure to the bustling foot traffic. It is conveniently located within walking distance of popular hot spots like Queen Street West , Liberty Village, and the Ossington District. Plus, the Liberty Village GO Transit Hub is under development just steps away.

Highlights of this Space for Lease Include:

  • 1,729 sq. ft. of prime space with frontage onto both Sudbury St. and Dovercourt Rd.
  • Minimum Rent $30/sq. ft. net, $25/sq./ft. additional rent (estimated)
  • 1.3 M population within 10 km radius, with $150K average household income
  • Incredible location across from Liberty Village GO Transit Hub

GOOGLE MAPS LINK

Additional Purchaser/Advisor Information:

  • Length of term negotiable – no demolition clause!
  • Proximity to luxury residential condos (same building)

For more information or to schedule an appointment, please contact Drew Markham, Sales Representative.

5100

55 Dunlop St, West, Barrie ON

Barrie Dentists!

An exceptional opportunity to increase your profile in downtown Barrie has come to market! Imagine yourself in a stunning 2-floor corner suite in Barrie’s newest condo development at the corner of Mary St. and  Dunlop St. Incredible frontage and access to all of the professional buildings and municipal offices in the downtown core will provide instant access to high income, high value patients. This would be ideal for the dentist or specialist who is outgrowing their space, or is in a distressed existing lease. A well branded practice with ground floor access at www.debutcondos.com will be recognized city-wide.

Highlights of this Space Include:

  • Open floor plan across two floors with dedicated elevator
  • 60 ft. of frontage with exceptional natural sunlight overlooking the farmers market and Kempenfelt Bay.
  • Ground Floor: 941 SF
  • Second Floor: 1,889 SF
  • Possession – Q4 2024
  • Minimum Rent $50/sq. ft. ground floor, $25/sq./ft. second floor
  • CAM & Realty Tax estimated to be $20.00 per SF per annum

       

Google Maps Link:

https://maps.app.goo.gl/kKZshA67qXQ5BdjM9

Additional Purchaser/Advisor Information:

  • Length of term negotiable – no demolition clause!
  • Proximity to luxury residential condos (same building)

 

For more information or to schedule an appointment, please contact Drew Markham, Sales Representative.

5085

Brampton

A spacious practice located in a high traffic, retail plaza in Brampton is available for purchase. The plaza was built in 2010 and in addition to the dental office there is a medical clinic, optometrist, medical spa and pharmacy, among other tenants. The dental office is ground floor and wheelchair accessible, with excellent signage and visibility. It was established in 2019 and enjoys exclusivity for dentistry in the plaza.

The current lease term runs to June 30, 2029 with two 5-year renewal options and no demolition or relocation clauses. The practice is a generous size of almost 3,000 sq. ft. and contains 6 operatories, of which, 5 are fully equipped. Additionally, there are 4 private offices for consults, associates etc. Topping it all off is a boardroom which would be ideal for study club or even the possibility of an ortho suite. Because this is such a large corner office there are several entrance points to the practice.

Inside, the practice is modern, attractive and well appointed. The current owner makes use of up-to-date technology, including a CEREC and CBCT pan. The practice management software is Tracker. The owner’s spouse serves as the associate in the practice. Additionally, they own a second practice in Milton and divide their time between the two locations. At the subject Brampton practice, there are intended to be 4 days of dentistry and 4 days of hygiene each week. Unfortunately, due to the serious illness of a close family member in India, the practice owner has been spending extended periods of time there to the detriment of the subject practice, as the one dentist has to cover both locations. The result is that hygiene has been dominating the overall production recently, representing 75% of the total.

While the practice averages $700K annually, a practice of this size in this location has the capacity to handle much more, which will undoubtedly happen with a new, more committed owner, and the practice could easily accommodate two or more dentists.

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

5095

Mississauga

ROI Corporation proudly presents an established general practice in Mississauga, Ontario.

Originally opened at the current location in 1999, this family-oriented practice has provided compassionate dentistry to the community for more than 25 years.

Generating an average monthly production of more than $68,000, this practice is complemented by an efficient hygiene team comprised of 3 hygienists, who contribute 33% of the annual revenue.

Located on a main arterial thoroughfare and minutes away from major 400-series highways, this is a ground-level retail/medical building. Patient convenience has been a defining factor of the practice’s success, with easy access to the practice location and ample free patient parking.

A warm, inviting facility spans 1,215 sq. ft. It is home to 3 fully equipped operatories, a new digital panoramic X-ray, a private office, a staff room, a large storage area, and more. All patient charting isdone digitally using the Paradigm practice management software.  

It is important to note that the current lease does contain a demolition provision. However, we have written confirmation directly from the landlord that they have no plans for demolition or redevelopment. This 10-storey retail property is fully occupied. In addition to full occupancy, the landlord has invested in significant long-term improvements to the common areas and parking lot. The ROI Corporation appraised value has been significantly lowered to take into account this lease clause. This presents an opportunity for a savvy purchaser to understand the situation and get an established practice at a great price point due to lease circumstances that provide very little future risk.

After a rewarding career, our client is ready to slow down and give stewardship of this practice to another practitioner. Our client is willing to stay on for a transition period, ensuring a seamless transition and the purchaser’s success.

Highlights of this practice include:

  • Cash earnings of more than $327,000
  • Staff on written contracts
  • Digital X-rays, with sensor
  • Accounts Receivable managed well below the industry average
  • Vendor willing to transition
  • Ample free parking

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 purchasers.
  • 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 Nicholas Boyle, Sales Representative.

 

5094

Downtown Toronto

Owning a well-established dental office with loyal and committed patients is highly valuable in terms of goodwill.  Our client enjoys more than 50% net profit, which is exceptional for a Toronto office.  Our client is selling for retirement purposes but will stay on for as long as the new owner wishes to ensure a smooth and successful transition. They are motivated to find the right person to take over this stable and profitable practice. Ensuring patients transition to the right person is key to our vendor.

Located in the heart of the City, within walking distance of Yonge-Dundas Square, the Toronto Eaton Centre, and the Art Gallery of Ontario, this office has existed in the same location for over 30 years. The office is primarily restorative and serves patients on a comfortable schedule of 33 hours per week. Proudly serving close to 900 active patients, this two-operatory office has the potential to grow with room for a third operatory.

The patients who visit this generational practice are multicultural in background. Predominantly between the ages of 25 and 60, while new monthly patients average 10+ per month, patient retention is a significant strength in this office. Scheduling is another strength of this business with 95% of recall patients attending every 3 months. As the owner-operator, our client is booked out 8-10 weeks. Our client is on track to bill over $1,000,000 for this fiscal year. Revenue has increased simply due to our client taking less vacation, amounting to only 2 weeks this past year.

Presently, the office has, in addition to the owner, a receptionist and assistant making up the team.   Our client chooses to do their own hygiene. The clinic is entirely digital utilizing Paradigm by LogicTech. This is an assignment office where most patients have comprehensive coverage.  There are no social service patients.

Our client has reported that the landlord has always been good to work with.  The lease has one more year left, but our client confirmed the landlord will provide more terms and renewals.  There is no demolition clause, and the office occupies ~900 square feet.   Located on the main floor of a 3-level converted house, natural light and street visibility makes this a charming practice to own.

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • Individual appointments to view the practice will be arranged
  • Offers will be presented to the Vendor 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, please contact Jackie Joachim, COO & Sales Representative, and/or Constance Walker, Sales Representative.

5093

City of Ottawa – west-end – Increased Production

Vendor is motivated to transition to retirement – Previously listed as Ref# 4912

It is highly unusual to offer a practice that has been owned and operated by the original owner for over 30 years. This general practice has grown steadily over the years and the owner is proud to be providing care to multiple generations of patients.

The dentist owner and one associate provide all the patient care, including preventive treatment. Most specialty procedures, including molar endodontics, 3rd molar extractions, periodontics, and orthodontics, are referred outside the practice. This limited scope of services represents a tremendous upside for a new owner.  Depending on the preference of the buyer, these services can be successfully integrated into the practice and offer a substantial opportunity to increase revenue.

Almost one-half of the revenue is derived from preventive services, which has proven to be a profitable model. As of year-end July 2023, the practice increased revenue by $80,000, over the previous year. This year the practice is on track to increase revenue again by an additional $26,000.

The practice does not accept assignment of benefits, except for a few long-standing patients. Accounts Receivable are extremely low, at less than $2,000.00.

The practice is located on the first floor of a small professional building on a busy street with access to public transit, including the new LRT station, and ample free parking. It is within walking distance of a large mall with grocery, restaurants and a variety of commercial services. It is close to Ottawa’s largest community college which offers an additional opportunity to increase the patient base.

It is of note that there is a new premise lease in place with an extension until 2039. This includes the removal of a previous demolition clause.

Currently, the practice has 3 operatories with a plumbed area for a 4th operatory. The office has digital radiography, but no panorex.

The Vendor is available to work in the practice for at least one year, on a part-time basis to ensure the patients a successful transition.

HIGHLIGHTS OF THE PRACTICE

  • One owner for 30 years
  • Most specialty procedures referred
  • Non-Assignment – Accounts Receivable exceptionally low
  • The owner will work in practice for at least one year.
  • Proximity to a large strip mall with grocery anchor and Ottawa’s largest community college.
  • Attractive premise lease with no demolition clause

KEY TIMELINES

  • Practice Profile and complete Appraisal are available now
  • Confidential Practice visits by appointment
  • Offers will be presented as submitted
  • ROI Corporation will prepare all offers on our standard template. 10% deposit is required upon acceptance of the offer.

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

4863

Mississauga

Roi Corporation is proud to bring this excellent opportunity to the open market.

Suppose you want a practice in a growing city with boundless opportunities and great neighbourhoods with big-city amenities. This practice in Mississauga might be a can’t-miss opportunity for you.

This office offers a tremendous opportunity to anyone seeking a balanced lifestyle/career in a thriving community within the GTA.

The practice has been at the exact location since 2009. The new owner will receive a robust patient base and a turnkey facility.

Highlights of this practice include:

  • 15 hours per week of optometry service
  • 40 new patients per month
  • 80% of patients have insurance coverage.
  • Surrounded by famous national tenants
  • Income is constantly trending upwards
  • A Practice Profile will be provided within 48 hours of your request.
  • A Confidential Open (by appointment only)
  • 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.
  • A certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice is due 2 days after the offer is accepted.
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Our vendor is looking to close this practice sale in Summer 2023.

For more information or to schedule an appointment, please contact

Lance Edwards, lance@roicorp.com (416) 474-9741 Sales Representative.