G.T.A Optometry Practice - REF.# 1435
$414,750 CAD
Appraised price - optometry practice: $414,750
REF#. : #1435
Available: 24/06/2022
Province: Ontario
Type: Optometry Practice
Region: Greater Toronto Area
SQFT: ~1,218 sq/ft
Gross Rev: $429,859
EBITDA: $172,894
Status: SOLD - above asking
Welcome to our exclusive presentation of this well-established optometry practice in the Northwestern portion of the GTA with easy access to Highway 407. Situated on a major thoroughfare just north of Toronto, on the third floor of a modern medical building. Established by its current owner in 1991, this single doctor practice has 2 long standing, fully cross trained time employees and will appeal to an optometrist looking for easy-to-manage, turnkey practice. The existing owner intends to retire and would be available to assist with the transition.
The practice currently provides doctor’s hours for only four days a week. This creates an opportunity to increase revenue through additional Friday and weekend hours. Dispensing currently accounts for approximately 58% of Total Gross Revenue using the Retail dispensing model.
The subject Practice has a long history of reliable revenue and cash-flow. The Recall program is robust with a high proportion of patients pre-booking their next appointment before they leave the practice.
You will benefit from a comfortable, facility with well-trained staff and strong managerial principles. The Practice was last renovated in 2010 and the premise is well designed with one fully equipped examination rooms, pre-testing, OCT room, laboratory and a frame gallery off the reception area. The practice also has a contact lens room and storage/lunchroom which can easily be converted into a second examination lane. There is an empty suite next door to the practice of approximately 600 sq ft which can also be used for expansion purposes.
Business Highlights
· Long standing practice.
· Dispensing accounts for approximately 58% of Gross Revenues.
· Opportunity to increase Revenue by Friday and weekend hours.
· Practice can be expanded by converting existing space and/or renting a vacant unit next door.
Private and confidential practice viewings will begin on July 23, 2022.
The full appraisal package is ready and will be sent to interested parties who sign 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.
