Greater Hamilton, ON – Practice for Sale

Perfect opportunity to acquire a very profitable family practice in the Greater Hamilton Area with 1,800 active patients. Current owner would like to sell in order to spend more time with the family and only works in the office 1 day/week.

The practice generates about $1.2M with 43% of the production coming from the existing associates, and 25% from hygienists.

Located in a 2,000 square foot detached building, the practice is equipped with 3 operatories as well as a private doctors office, sterilization area and large basement with plenty of storage. The building is owned by our Client who is prepared to enter into a lease favourable for financing.

Owner will assist with a transition period, to be negotiated.

Additional Features Include:

  • Great street visibility
  • 69% Insured Patient Base
  • Wheelchair accessible office
  • Average of 20 new patients a month
  • No active marketing
  • Free Parking

Asking Price $2,200,000

Appraisal and 3D tour available upon request.

 IMPORTANT INFORMATION

An Open House will be held February 27, 2022 by appointment only and available to those who have first reviewed the appraisal and 3D Tour.

Letters of Intent will be due by 12:00pm on Wednesday March 9, 2022.

Listing brought to you by: Derek Hill, CPA., CA., Broker of Record.  For additional information, please reach out to our office at info@hillkindy.com  

Status:Offer Registered EBITDA:$340,000 +/- SQFT:2,000 + Gross Rev:$1,180,000 +/- Appraised Value:$2,025,000 Hygiene hours per week:50 Number of Operatories:3 Patients (active):1,800 Patients (new):20/month

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