High-Margin 31-Year Practice & Commercial Property
Category:
Marketplace / Practice For Sale
Description:
Rare opportunity to acquire an elite, highly lucrative, and long-established solo chiropractic clinic (Health Professional Corporation) located directly on high-visibility King St. E. in prime downtown Gananoque.
This practice offers exceptional multi-year financial consistency. Operating on a highly optimized 23-hour work week, the clinic operates at peak efficiency, boasting an elite, audit-proof 81% net profit margin. Value is derived strictly from a premium Seller’s Discretionary Earnings (SDE) multiplier. All corporate financial records are professionally managed and verified by MNP.
Asset Highlights:
- Massive Brand Footprint: A deeply loyal regional database of over 6,000 historical patient files created providing unmatched local market penetration across the Thousand Islands region. Currently managing approximately 500 active patient files on the OCA Aspire EHR platform.
- The Real Estate: An attached, multi-storey 2,200 sq. ft. commercial building featuring 6 rare, dedicated private rear parking spaces—a massive competitive asset for the downtown clinical core. The second story space can be rezoned to residential use if needed.
- Passive Income Stream: Includes an active, long-term commercial tenant on-site, providing a reliable ancillary revenue stream that drastically minimizes corporate overhead.
- Turnkey Growth Potential: Immense unexploited upside for a hungry successor to scale clinical hours to a standard full-time week and deploy targeted reactivation campaigns to the massive historical database.
The Transition Structure:
The retiring founder is seeking a licensed Ontario chiropractor for a structured, gradual 3-year share-buyout/partnership. This phased hand-off ensures maximum patient retention and a seamless corporate transition, allowing the successor to secure immediate top-tier income while the founder transitions to full retirement at age 60.
Complete combined package price (Practice Corporation + Real Estate Title): $729,000 CAD
The retiring founder is seeking a licensed Ontario chiropractor for a structured, gradual 3-year share-buyout/partnership. This phased hand-off ensures maximum patient retention and a seamless corporate transition, allowing the successor to secure immediate top-tier income while the founder transitions to full retirement at age 60.
Complete combined package price (Practice Corporation + Real Estate Title): $729,000 CAD
A signed Confidentiality Agreement (NDA) and proof of professional standing are strictly required before the disclosure of specific corporate financial ledger data. Serious inquiries only.
Contact Email: tford11@cogeco.ca
