Practices For Sale

Ref# 4875

Status: Sold

Location: Ontario

Gross Revenue: $143,748

Appraised Value: $315,140

Asking Price: $199,000

Cash Earnings: $498

UPDATED – Reduced Asking Price 

Durham Region – Previously Listed for $315,140

ROI is delighted to offer an optical store for sale in a rapidly growing town in the Durham Region. This diverse town provides a wonderful sense of community through festivals, events, arts & culture as well as a lively downtown area.

Our client, an optician, secured an ideal 1,350 sq. ft. unit in the heart of the town. Built-in 2018, this modern plaza offers a perfect assortment of tenants. With an expansive parking lot, the plaza never feels crowded or overwhelming. The optical store has exclusivity in the large plaza for an optical clinic and/or eyewear retail store. For the lease, the current term runs until July 2023 with 2×5-year renewals. No demolition clause is in the lease.

Receiving 25-35 new clients per month, the business has been able to serve approximately 900 clients in the past 2 years. Currently run as a solo-owner operator business, a successor who is a licensed optometrist could easily continue to grow the business by offering another layer of services. An optometrist attends the store one day per week. Standardly, they are booked out 2 weeks ahead.

The plaza is surrounded by residential developments with great access to parks and green spaces. It is also well connected for commuters with major highways less than 3km away. The town has all the desired amenities and is poised to support future growth. The new owner could collaborate with other local businesses to further become ingrained in the community.

Highlights of this optical store include:

  • Open 6 days/week
  • 25-35 new clients/month
  • ~1,350 sq. ft. unit
  • Located in a lively retail plaza
  • Exclusivity in the plaza
  • Room to expand service offerings

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A Confidential Open (by appointment only)
  • The Appraisal will be distributed to qualified buyers
  • 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.

Request more details for this listing

In order to get more information on this listing you must fill out the confidentiality agreement form. If you have already filled out this form please enter the email address we have on file below. If you have not filled out the confidentiality form please follow this link to do so: Confidentiality form.

Request More Information on this listing
I would like to receive future messages about special offers, news and event information