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Sale Structure: Share Sale
ROI Corporation is pleased to represent the sale of an established and exceptionally well-managed optometry practice in Kanata. The practice was built in 1999 and relocated to the present site in 2010. The owner is a long-standing member of this community and has attracted a loyal patient base.
The practice is approximately 640 sq. ft. and consists of a large examination room, visual field analyzer area, and laboratory. In addition, it has an attractive dispensing room for retail purchases as well as a reception and business office, play area in the waiting room, and in-office washroom.
The practice is paperless, using I-FILE, and has an automated visual field machine, fundus/anterior segment camera, and OCT. The practice is currently open approximately 4 days/week and the owner works 3 days/week; the patient base can easily support additional days. The practice is booked at least one month ahead, with the owner currently seeing 10-13 patients per day on average and 20 new patients per month.
The practice revenue increased dramatically three years ago when the owner experimented with patient flow efficiencies. The owner has since reduced the number of appointment spaces by three-and-a-half hours per week, but the practice can easily ramp up again, and can accommodate more days or evening/weekend appointment spaces. Current gross fees on the reduced schedule are approximately $230,000/year, with exams accounting for 58% of revenue.
The owner is interested in a closing of sale by late summer, but can be flexible on the specifics. If you are interested in more information regarding the practice or scheduling a visit, please contact Ann Wright firstname.lastname@example.org or 613-769-6582. All enquiries will be kept highly confidential.
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request, to those who have completed a ROI Corporation Confidentiality Agreement
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review