Practices For Sale

Ref# 4904

Status: Updated

Location: Ontario

Gross Revenue: $445,500

Appraised Value: $453,630

Asking Price: $440,000

Cash Earnings: $70,000

ORLEANS – Updated – Improved Asking Price

Our client is highly motivated to transition to the next phase of his life. Although the asking price has been reduced, the doctor has maintained the production levels and is willing to work to facilitate a smooth transition for the new owner.

ROI Corporation is pleased to present this exclusive optometry practice listing in Orleans, Ontario. Serving its community for over 26 years, the practice enjoys a loyal client base and has earned a strong reputation for patient care. This practice is in a single-story commercial plaza consisting primarily of professional services, including an urgent care medical clinic.

The practice is located directly off a 4-lane highway that connects Ottawa to Orleans. The community features mainly single-family homes and is beside the premier enclosed mall.

This well-established location offers a full range of services and is a dispensing practice. Expandable from 1,752 sq. ft. to 3,000 sq. ft.

The owner is happy to stay part-time to ensure a successful and smooth transition. The practice presents many opportunities to increase income.

The successful purchaser should be able to converse in both French and English.

Highlights of this practice include:
  • Two exam lanes with room for expansion.
  • Optos, Topcon retinal camera, auto refractor and NCT
  • Population per Optometrist is 1: 7,739.
  • Exclusivity in the plaza
  • 60/40 produce-to-service ratio
  • 95% of patients are covered by Optometry insurance.
  • O-Train East extension in 2024.
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 an 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 Lance Edwards, Sales Representative.

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