Eastern Ontario Optometry Practice - REF.# 1173
$285,000 CAD
Appraised price - practice: $338,513
REF#. : #1173
Available: 22/01/2018
Province: Ontario
Type: Optometry Practice
Region: Eastern Ontario
SQFT: ~1,740 sq/ft
Gross Rev: ~$442,752
EBITDA: ~$108,337
Status: SOLD
UPDATE: This practice was previously operating out of two separate locations located 40 km apart. The smaller, satellite location has recently been closed and consolidated into the main location. Although it is expected that a majority of the patients will migrate to the remaining location, a price reduction of approximately $50,000 has been implemented to reflect the change.
Welcome to the exclusive presentation of this unique 'cottage country' optometry practice. The owner is the second generation of his family to own this well established optometry practice. The practice is located in a 'cottage country' community, which is also a bedroom community for Kingston Ontario. The Practice has a strong local presence and has an excellent reputation within the surrounding community allowing it to draw patients from a large geographic area.
The practice is located in a converted house and has a residential apartment which is currently occupied. is decorated in an attractive country cottage style with numerous decorative touches to make patients and staff feel at home. There is a newly built second lane and a spacious dispensary with beautiful bay windows allowing in abundant natural light. The practice demonstrates excellent growth attracting 30 new patients a month which is expected to increase with the addition of the patients from the closed satellite location. The practice uses the dispensing model with dispensing contributing approximately 60% of Gross Revenues.
The practice is lean on staff with three of the four staff being members of the current owner's family providing the new owner with flexibility in future staffing decisions. The premise is owned by the practice owner and a lease on attractive terms is available.
Business Highlights
· Long standing practice
· Modern equipment with new lane
· 45 New clients per month on average
· Dispensing accounts for approximately 60% of Gross Revenues
Private and confidential practice viewings will held by private and confidential appointment.
The full appraisal package is ready and will be sent to those interested parties upon inquiry.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this opportunity, please contact Irv Handler.
