Practices For Sale

Ref# 4902

Status: Updated

Location: Ontario

Gross Revenue: $713,314

Appraised Value: $813,670

Asking Price: $700,000

Cash Earnings: $282,668

 

West of London – Updated – Improved Asking Price

ROI Corporation may be able to secure you 100% financing to buy this package offering.

ASKING PRICE of practice = $700,000 @ 10 years at 7.2% (prime rate) = $8,200/month

ASKING PRICE of real estate = $800,000 @ 20 years @ 8.2% = $9,800/month

TOTAL monthly cost to own your practice and your building = $18,000

 

Have you heard about the Landemic™? (trademark pending)

You can’t set up a new office and pay less each month than this! When you factor in the slow curve to reach break-even (3 years), you are financially better off buying this practice and the building.

Landlords are now the #1 reason some of our clients cannot sell their well-established and profitable practices. The demolition clause is the primary reason, and it will cause a bank to deny the purchaser financing to buy a practice.

This opportunity will allow you to be the master of your career and to control your destiny! Be your own Landlord!

ROI Corporation proudly presents this long-standing optometry practice, dedicated to serving the community for nearly four decades. In 1998, our client seized the opportunity to become the master of their own destiny, relocating the practice to its current location. A recent renovation in 2016 was thoughtfully undertaken to enhance patient comfort, creating a spacious and welcoming facility spanning 2,400 sq. ft. Abundant natural light graces the reception area through expansive street-facing windows. Additionally, the multi-unit building, where the practice is housed, is available for sale.

Bid farewell to the complexities of landlords and premise leases and secure a future where you are in control. As an added advantage, this property boasts a reliable existing tenant, offering a consistent rental income stream that can be applied directly to your mortgage payments. Imagine the satisfaction of having a portion of your monthly mortgage expenses expertly covered, all thanks to the existing tenant’s monthly contribution of approximately $1,000. This affords you financial peace of mind and streamlines your investment management.

Set in a municipality with over 20,000 residents, this town boasts a rich history and an undeniable charm while providing a range of amenities and recreational facilities. Our client, a dedicated sole owner-operator, is supported by one office administrator and three optometric assistants. The practice maintains traditional Monday-to-Friday hours, with no evening or weekend work. Impressively, approximately 3,196 patients have attended the practice in the last two years, and the current schedule and patient demand offer ample opportunity to accommodate additional optometrist hours.

Embrace the prospect of owning your destiny and become the steward of this exceptional optometry practice, surrounded by a community that values your services. Contact ROI Corporation today and step into a future of financial security and professional satisfaction!

For a private financial analysis to ascertain your unique household and professional cash flow needs to support your family, please email roopali@roicorp.com or our CEO Timothy Brown timothy@roicorp.com

Highlights of this practice include:

  • 2,400 sq. ft. facility
  • Building is also available for sale for an asking price of $800,000
  • ~10 new patients per month
  • Ample, free parking
  • 80% of inbound patients are by word-of-mouth referrals

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • The Appraisal will be distributed to pre-qualified candidates who have completed a ROI Corporation Confidentiality Agreement
  •  Showings will be scheduled by appointment
  • Offers will be presented as received
  • A certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice is due within 48 hours of offer acceptance
  • 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.

 

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