Eastern Ontario Optometry Practice - REF.# 1173
Asking and appraised price - practice: $338,513
Asking and appraised price - real estates: $325,000 and $131,000
REF#. : #1173
Type: Optometry Practice - multiple locations
Region: Eastern Ontario
SQFT: ~1,740 sq/ft and 735 sq/ft
Gross Rev: ~$442,752
Welcome to the exclusive presentation of this unique 'cottage country' optometry practice. The owner is the second generation of his family to own this well established optometry practice. The practice consists of two separate locations in two different 'cottage country' communities, one of which is also a bedroom community for Kingston Ontario. This is an excellent opportunity to purchase two fully equipped optometry offices and own the associated real estate. The Practice has a strong local presence and an excellent reputation within the surrounding community allowing it to draw patients from a large geographic area.
The first location is located in a converted house and has a residential apartment that can be rented to increase the cash flow to the eventual owner. Both locations are decorated in an attractive country cottage style with numerous decorative touches to make patients and staff feel at home. The first location has a newly built second lane and a spacious dispensary with beautiful bay windows allowing in abundant natural light. The second location is open only 2 days a week and represents a significant growth opportunity. Both locations demonstrate excellent growth with the first location attracting 30 new patients a month and the second attractive 15 new patients a month. The practice uses the dispensing model with dispensing contributing approximately 60% of Gross Revenues. The practice is lean on staff with three of the four staff being members of the current owner's family providing the new owner with flexibility in future staffing decisions.
· Long standing practice
· Opportunity to own real estate
· Modern equipment with new lane in first location
· 45 New clients per month on average
· Dispensing accounts for approximately 60% of Gross Revenues
Private and confidential practice viewings will begin on Jan 31, 2019.
The full appraisal package is ready and will be sent to those interested parties on the date of the open house.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great opportunity, please contact Irv Handler.