Ottawa Valley Optometry Practice & Real Estate - REF.# 1251
$360,947 CAD
Asking and appraised price - practice: $360,947
Asking price - real estates (1/3rd ownership): $179,000
REF#. : #1251
Available: 22/07/2019
Province: Ontario
Type: Optometry Practice & Real Estate
Region: Ottawa Valley
Combined SQFT: ~4,000 sq/ft
Owner Gross Rev: $501,670
Owner EBITDA: $220,66
Status: Conditionally Sold
Welcome to our exclusive presentation of this well established, booming optometry practice. This unique practice is one third of a three-partner cost sharing partnership which jointly owns the practice assets and associated real estate. Each partner owns their individual practices, patient files and the equipment in the partner’s individual lane. The remaining practice assets are held in a technical service corporation which is owned equally by the three partners and the building is held in partnership among the 3 partners. For sale is one of the partner’s practice, patient files, lane and a one third interest in the technical service corp. Opportunity to purchase one third of the real estate is also available at an additional cost.
The subject Practice has a strong gross revenue, cash-flow and has an excellent reputation within the surrounding community allowing it to draw patients from a large geographic area including a nearby military base.
You will benefit from a large, modern facility with well-trained staff and strong managerial principles. The Practice has a long history and was previously relocated to a stand-alone facility specifically built for this practice near the city centre. This subject Practice has a long waiting list and sees an average of 29 new clients per month while offering NO weekend or evening hours.
The Practice is spacious, professionally designed and decorated with modern, well maintained equipment. The cost sharing partnership has 3 fully equipped lanes and an empty, unequipped lane providing easy opportunity for expansion. The cost sharing facility also includes a large Pre-testing area, field analyzer room, a well-equipped laboratory and an enclosed central Dispensing area.
Business Highlights
· Long standing practice
· Opportunity to acquire one-third ownership interest in building
· Large practice with a dedicated lane for each of the three partners and an empty unequipped lane.
· 29 New clients per month on average with long waiting list
· Dispensing accounts for approximately 50% of Gross Revenues
· Cost sharing arrangement reduces overhead provides sharing of common expenses
Private and confidential practice viewings will begin on Aug 17, 2019.
The full appraisal package is ready and will be sent to those interested parties on the date of the open house.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great opportunity, please contact Irv Handler..
