Downtown Hamilton: General Dental - REF.# D1053
Practice: appraised: $265,142 Asking price: $275,000
Real Estate: opinion of value: $1,000,000 - $1,100,000 Asking: $1,100,000
REF#. : #D1053
Type: General Dental Practice
Region: Downtown Hamilton
SQFT: ~1,000 sq/ft
Gross Rev: $228,995
MBC Brokerage is pleased to offer an excellent opportunity to purchase an established dental practice and own your own building with existing tenants looking for long-term commitments. Be your own landlord with the dental practice on the main floor.
The building is a century house that has been converted into 3 separate offices (all rented). The lower level is currently occupied by a medical clinic and the second level houses a commercial unit.
This practice was purchased as a satellite practice by a partnership of 2 doctors who have their own practices in other cities and a lack of time committed to this practice has seen a decrease in billings. Hygiene has continued to be strong with diagnostic & preventative treatments representing 66.8% of the production this past year.
With the new condominium growth in downtown Hamilton and the high density residential area an ambitious owner, with some marketing should find this to be an excellent opportunity.
The private and confidential open will be held on Sunday, November 27th 2016.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this opportunity, please contact Tom or David Schramm.