Practices For Sale

Ref# 4998

Status: Updated

Location: Alberta

Gross Revenue: $407,965

Appraised Value: $587,560

Asking Price: $575,000

Cash Earnings: $87,074

EDMONTON – Appraisal Update

Exceptional opportunity to acquire a centrally located, storefront optometry practice within a bustling retail plaza of South Edmonton. The retail centre boasts excellent visibility and enjoys a strategic location between multiple major thoroughfares, making it an easily accessible destination for clientele from all over the city.

The practice primarily serves young professionals, and  maintains a well-established brand identity. However, the current owner, managing a young and growing family, has temporarily scaled back marketing efforts, offering the buyer untapped potential.

The office specializes in high end, luxury eye wear. Retail sales of frames, sunglasses and contacts amount to 63% of the gross income. There is an abundance of unrealized potential. Due to personal commitments, the owner only attends the practice for 16 hours a week, over 3 days. The 1,693 sq. ft. facility is impressive, with modern finishes and soaring ceilings. Currently, only one of the two exam rooms is being utilized.

This opportunity is a golden ticket for a buyer willing to increase doctor hours and expand examination services, boosting the practice’s production and profitability.

Highlights of this practice include:

  • Non-Assignment
  • Great Google Reviews & Social Media Presence
  • Fully digital office operating on Filopto software
  • ~4,500 appointments in the past 2 years
  • 50-60 new patients per month
  • Exclusivity for optometry in the long-term lease

Additional Purchaser / Advisor Information:

  • A Practice Profile will be provided within 24 hours of your request
  • The Appraisal and iGuide photography package 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
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST”
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

 

For additional information, please contact Mr. David Raborn or Dr. Wayne Raborn, Sales Representatives.

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