Practices For Sale

Ref# 4659

Status: Available

Location: Ontario

Gross Revenue: ~ $144,732

Appraised Value: $304,560

Asking Price: $299,000

Cash Earnings: ~ $54,224

Kingston

ROI Corporation is excited to bring this adored optical store to market! Opening its doors in 2015, this business has established great roots in the community as it is located in a high traffic retail area.

Prior to COVID, the owner employed optometrists to expand the offering of the business. A motivated optician or optometrist could easily increase production by reinstating optometric procedures as there is demand for them. Currently the practice refers out 20-30 clients per month to an optometrist; being able to keep these in house would improve client experience as well as increase production.

The office is open for a relaxed schedule of 4 days per week from 9:30am-4:00pm. Expanding the hours would appeal to the many families in the area and provide more flexibility to the current patient base. Even with these conservative hours, the business is very profitable with the cash earnings averaging 40% of gross revenue over the last 3 years.

This business would be a perfect opportunity for a first-time buyer. With a wonderful foundation of sound operations and practices this opportunity is destined to continue to grow and thrive in the community.

Highlights of this practice include:

  • 15-20 new patients/ per month
  • Only social media is used for marketing efforts
  • iFile Software
  • Long term to be negotiated with no demolition or relocation clause
  • No outstanding accounts receivable

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For more information or to schedule an appointment, please contact Roopali Kapoor, Sales Representative,  or Lance Edwards, Sales Representative.

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