East Ottawa: Optometry Practice - REF: #1540
$400,000 CAD
Appraised price - practice: $608,433
Asking price - practice: $400,000
REF#: #1540
Available: 14/03/2023
Province: Ontario
Type: Optometry Practice
Region: East Ottawa
SQFT: 667 sq/ft
Gross Rev: $646,934
EBITDA: $344,234
Status: Reduced Price - Motivated Seller
MBC is pleased to present this exclusive optometry practice listing in East Ottawa. Serving its community for over 35 years, the practice enjoys a loyal client base and has earned a strong reputation for patient care. This practice is located in a single story commercial condo building consisting primarily of professional services including a family health clinic and dental office.
Situated along a major east/west 4 lane arterial thoroughfare, this practice is located in a mature neighbourhood of Ottawa’s east end. The community features mainly single family homes and 5 primary/secondary schools within a 2km radius. The practice is in convenient proximity to one of Ottawa’s major shopping centres as well as the major feeder highway connecting to downtown Ottawa.
Patients of this profitable practice benefit from a full range of services, including complete eye health assessments, prescription glasses fittings and a good selection of eyewear products and services. This office features one fully equipped examination room, pre-testing area and a well stocked frame gallery.
The subject practice has a long history of reliable revenue and cash-flow with 2022 cash flow estimated at ~$344,000. The practice has not accepted new patients since 2020 due to owner capacity limitations however the owner has maintained a fully booked schedule, with ~4500 patient visits in 2022. New ownership will benefit from the potential to increase revenue and profitability through new patient growth, supported by a strong marketing program and potential to expand hours of operation.
Practice Highlights
· 2022 EBITDA as percent of gross – 53.2%
· Dispensing accounts for approximately 47% of Gross Revenues in 2022
· Room to bring fees up slightly to meet current fee guide
· Potential to purchase commercial real estate or negotiate new lease at fair market rates
· Benefit from operational efficiencies by digitizing record keeping and patient files
Don’t miss out on this outstanding opportunity to acquire a profitable practice with pent up potential! To obtain a copy of the full appraisal and to arrange a private and confidential viewing, please contact Greg Moore at 613-716-2044 or greg@mbcbrokerage.ca.
Greg Moore
Sales Representative
Direct: 613-716-2044
More info on Greg https://www.mbcbrokerage.ca/about-greg-moore