Physio Clinic In A Medical Centre (Woodbridge)

Anand Dua

Realtor

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Listing Details

About the Business

Growth and expansion potential:

Substantial with the business operating full time and active owner operator.

Support and training for new ownership:

As required for the new operator depending on prior experience and knowledge.

Reason for selling:

Admin Issues

Description

Gross rent is only $3,145.69 for 900 sq ft of the physio clinic and common area like reception etc. The utilities are evenly split between all 3 portions of the center i.e., physio, pharmacy and medical clinic which comes roughly around $250-300 per month (as per the owners). There are 2 years left from the original lease term of 5 years started in 2020 with additional couple options with very minor rent escalation. (With new owner the rent might increase a bit with the market and new lease) The clinic is only operating 2 days from August of 2022 after COVID per the owner occupied with the other 3 clinics in Woodbridge, Scarborough and Pickering. There is huge potential to be exercised with the right entrepreneur opening the clinic full-fledged hours. There will be another doctor to be added on to the medical clinic in the near future.

Location & nearby

This listing is located in Vaughan, ON L4H 0Z4

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