Orillia City Centre Optometry Practice - REF. #1594
$290,000 CAD
Appraised value - practice: $340,986
Asking price - practice: $290,000
REF#. : #1594
Available: 09/02/2024
Province: Ontario
Type: Optometry Practice
Region: Orillia
SQFT: 1,074 sq ft
Gross Rev: $530,019
Owner EBITDA: $142,668
Status: PRICE REDUCED FOR QUICK SALE
Welcome to our exclusive presentation of this long-established optometry practice in the City of Orillia. The practice is located on a main east-west thoroughfare just west of Orillia City Centre. This is a middle-class neighbourhood with single family homes on the side streets and light commercial and retail businesses on the main streets. Recently relocated to the fourth floor of a 4 storey building, the practice shares the fourth floor with 2 family doctors and a midwife office. The building has its own parking lot with ample parking for patients and staff.
Originally established in 1981 on the third floor of its current location. It was relocated by the landlord to the 4th floor and has all new furniture, fixtures and leasehold improvements.
This is an easy to manage full scope, dispensing practice with the owner as the only doctor and 3 employees. The practice currently operates from Monday to Friday with no evening or weekend hours.
The Practice has a long history of reliable revenue and cash-flow. Approximately 40 new patients visit the practice each month. The practice is busy with up to a 2 month wait for an appointment. Patients are encouraged to pre-book their next appointment at the end of each visit.
You will benefit from a comfortable, modern and spacious facility in a well-established neighbourhood. The premise is well designed with a spacious dispensary located next to reception. Patients move down a hallway to the examination rooms and OCT room. There is one fully equipped exam lane with a second roughed-in. The practice also has a doctor’s office, kitchenette and staff bathroom. The practice is fully wheelchair accessible.
Business Highlights
· 40 new patients per month, on average
· One owner is willing to stay on for up to 3 years, if necessary on a part time basis.
· Opportunity to increase Revenue by adding evening and weekend hours
· Ability to expand with a second, roughed-in exam lane.
· Private and confidential practice viewings will begin on March 1 2024.
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.
