Etobicoke Optometry Practice - REF.# 1323
$440,000 CAD
Asking price - practice: $440,000
Appraised price - practice: $440,712
REF#. : #1323
Available: 31/10/2020
Province: Ontario
Type: Optometry Practice
Region: Etobicoke
Combined SQFT: ~1,473 sq/ft
~Gross Rev: $605,109
~EBITDA: $162,703
Status: SOLD
MBC is pleased to exclusively present this well-established, Toronto optometry practice. The practice has an excellent reputation among local residents of Northwestern Toronto and has been operating on the second floor of a three-storey medical building for over 40 years. With one part-time Associate and 4 long-term, full time employees, the practice will appeal to an optometrist looking for an easy-to-manage practice.
The practice is currently open one evening a week and half a day on Saturdays providing an opportunity to increase revenue through additional extended hours. Dispensing currently accounts for a little more than 50% of Total Gross Revenue using the Retail dispensing model. The practice has a robust practice management software which handles the bookkeeping, appointment calendar and recall program.
The subject Practice has a long history of reliable revenue and cash-flow. The long-standing staff contributes greatly to the Practice’s success. Approximately 32 new patients visit the practice each month
You will benefit from a comfortable, modern facility with well-trained staff and strong managerial principles. The Practice is well designed and attractively decorated with 2 examination rooms, laboratory, pre-testing, contact lens/fitting room, a doctor’s office, a Manager’s office, a large frame gallery, fitting area.
Located 2 km south of the 401, the practice is easily accessible by car and public transit. Ample free parking is available in front of the building.
Practice Highlights
· Long standing practice
· 32 New clients per month on average
· Dispensing accounts for approximately 52% of Gross Revenues
· Opportunity to increase Revenue by adding evening and weekend hours
Private and confidential practice viewings will begin on Oct 30, 2020.
The full appraisal package is ready and will be sent to interested parties upon the signing of a Confidentiality Agreement.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great opportunity, please contact Irv Handler at 647-286-5839 or irv@mbcbrokerage.ca.
