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Listing ID: 190609

Medical Practice, Medical Centre, 4000 Sq. Ft For Sale

GTA, Richmond Hill, Ontario, Canada

BUSINESS SOLD

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 250k to 500k

Cash Flow: $ 100k to 250k

Business Description

Two MD Family Doctors and one GP, Pharmacy and Cardiology section, Physiotherapist, Osteopath, Acupuncture, Massage therapist, Office Manager. We begin on September 2013 and we already have around 600 patients. We have six tenants pays rent. rent collected approximately $13,000.00 per month.

If rent out all empty space, it is possible to collect from tenets only $23,000.00 per month. Our currently monthly rent $8,125.00 + TMI + HST = $11,709.06.

Overall out projection was to make 53,500.00 per month. In that case expense will be 16,000.00 per month.

Excellent exposure to Yonge street, Free advertising and freestanding building, High-end finish with marble and granite flooring, city approved examination, procedure and treatment rooms. Fully equipped with 230 LED light system, 2 watt only. Large waiting room. Space for Pharmacy and prescription drugs. All equipment is in new and working conditions. If you are GP you don’t even need stethoscope to bring we have all. 27 parking,+ up to 48 free parking space.

The medical building is located near a freeway and on major street in Toronto, on Yonge Street. It comes with rehabilitation center.

Inside the practice suite you will find a receptionist area, waiting room, 10 examination, doctors office, business office, treatment room, staff room and restrooms. Equipped all computers, EMR Oscar billing system. The Seller is willing to stay on board for as u make a contract to assist in a smooth transition. Lease up to March 2022 + extension optional. Renewable options are available +10 year.
lease begin from May 2012, all lease improvement, equipment's, furnishing.... so far was invested more than $625,000.00.

Property Details

Size:

3900 sq.ft 48 parking space.

Years Established:

Rehabilitation 1 years, Walk-in just open.

Property Type:

Lease

FF&E:

$ 25,000

Inventory Value:

$ 120,000

Other Details

Business Location:

On Yonge Street.

Competition:

None

Expansion Potential:

Yes, we have 800 sq.ft, open space for additional offices.

Operation Details

Employees:

8

Trading Hours:

10am to 7pm.

Support & Training:

Yes

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
Yes

Reason For Selling:

Partner has family problems!

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