Practices For Sale

Ref# 5048

Status: New

Location: British Columbia

Gross Revenue: $1,095,339

Appraised Value: $1,450,420

Asking Price: $1,450,420

Cash Earnings: $553,378

 

Vancouver

It is with great pleasure that ROI Corporation announces the sale of this one-of-a-kind optometry practice in a central Vancouver location.

Upon entering this bright, modern optometric practice, you’ll find two impeccably furnished and well-equipped examination rooms alongside a pre-test area, contact lens room & edging laboratory. The eyewear showroom exudes warmth, is bathed in natural light and is complete with top-tier brands.

Enhanced by functional and thoughtfully designed reception and waiting spaces, the ambiance is inviting. This practice epitomizes efficiency, offering everything a prospective buyer could desire for seamless provision of comprehensive eye care. The team is composed of adept and well-trained professionals who constantly ensure the success of the practice.

Financially robust, the practice boasts an impressive cash flow, ensuring ease in debt management while promoting a balanced lifestyle for its owner. It presents untapped potential for growth, with opportunities to expand operational hours and enhance revenue—currently, only one of the two examination rooms is in use, and advertising efforts are minimal, representing less than 1% of total revenue. Strategic implementations over the years, including the adoption of advanced practice management software, have transformed the practice into an exemplar of efficiency and profitability.

Our client has done an amazing job at building an exceptionally profitable practice. Do not delay inquiring as practices like this do not come by often.

Highlights of this practice include:

  • Prime location with high patient density
  • Relaxed doctor schedule (22-25 hours a week)
  • Incredibly attractive lease with 10 years remaining & no demo clause
  • High dispensing % with attractive profit margins and low COGS
  • Stable practice with reliably strong revenue
  • ~50% cash earnings over 3-year average

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request to those who have completed a ROI Corporation Confidentiality Agreement
  • The Appraisal is available for interested parties
  • 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 Elliott Broad, Sales Associate.

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