East Ottawa: Optometry Practice - REF: #1660

$1,015,802 CAD

Appraised & asking price - practice: $1,015,802

REF#:     #1660
Available:  02/04/2025
Province:   Ontario
Type:         Optometry Practice
Region:    East Ottawa
SQFT:        3,422 sq/ft
Gross Rev:  $1,357,656
EBITDA:      $487,335
Status:        NEW

MBC is pleased to present this exclusive opportunity to acquire an established optometry practice for sale in Ottawa’s east end.

Serving its community for over 25 years, this practice has only had one owner since its founding in 1997 and that single ownership has translated into a highly loyal patient base and outstanding community reputation.

Patients of this profitable practice benefit from a full range of services, including complete eye health assessments, eye disease management, prescription glasses fittings and an excellent selection of eyewear products and services. This office features six fully equipped examination rooms, a pre-testing area, 2 field vision exam rooms and a well stocked frame gallery. The practice has multiple full time associates on staff as well as two optical consultants that manage all dispensing activities of the practice.

Situated along a major east/west 4 lane arterial thoroughfare, this optometry clinic is located in a standalone commercial building that is also owned by the Vendor. In close proximity to highway 417, the practice is conveniently accessible to every area of the city and provides ample free parking.

This practice has a long history of reliable revenue with excellent growth over the past two fiscal years. Revenue growth in 2024 exceeded 2023 gross revenue results by 5% and this follows the excellent 2023 improvement of 16% above the 2022 fiscal year. New ownership will benefit from very clear potential to increase revenue and profitability supported by a strong marketing program and efficient management.

Business Highlights

·     2024 EBITDA as percent of gross – 35.9%

·     Dispensing accounts for approximately 28% of Gross Revenues in 2024

·     Nearly 8,000 unique patient visits in 2024

·     Landlord prepared to negotiate a new lease in good faith at fair market rates

·     Fully digital medical files and record keeping

  • Fluently trilingual services in English, French and Spanish

  • Professionally prepared employment contracts in place for all staff

 

Don’t miss out on this outstanding opportunity to acquire a profitable practice with a high level of 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

 

OptometryMBC Brokerage