Simcoe Optometry Practice & Optical Store Package - REF.# 1179 & # 1221
$220,000 CAD (#1179)
$190,000 CAD (#1221)
Asking and appraised price - optometry practice: $220,000
Asking and appraised price - optical store: $190,000
REF#. : #1179 & #1221
Type: Optometry Practice & Optical Store - same location
SQFT: 1,964 sq/ft
Combined gross Rev: $495,916
Combined EBITDA: $193,513
Welcome to our exclusive presentation of this turnkey optometry practice and dispensary. The optometry practice currently sub-leases space from a long established and separately owned optical store. Both businesses are being offered for sale simultaneously providing the buyer a full service optometry practice with a professional and long establish dispensary.
The practice is located in a large strip plaza in a vibrant and fast growing community on the shores of Lake Simcoe. Enjoy the benefits of being in a growing bedroom community on the northern edge of the GTA with the recreational and natural amenities of a lakeside setting. The optometry office is a standalone unit with its own entrance, signage and reception area but connected to the gallery by a large sliding gate. The clinical portion of the practice is well designed with 2 fully equipped lanes, a pre-test area, and two washrooms. The equipment in this practice is on the newer side of its life expectancy. It is well maintained and in good to excellent condition. The practice has been professionally decorated and designed, for a functional layout. The gallery is large, bright and attractively decorated. The back of the store also contains the contact lens room, laboratory and a staff washroom.
The practice is Associate driven with the existing owner working as little as 3 days a month. Nonetheless, the practice has had excellent growth attracting 45 to 50 new patients a month. Potential for future growth remains strong with the addition of a full time owner and the continued expansion of the local community. The optical store uses the retail model with dispensing contributing approximately 63% of the Combined Gross Revenues. The combined business is lean on staff with the optometry practice having two non-professional staff and the optical store consisting solely of the 2 owners.
· Long standing business and practice
· Modern equipment in 2 lanes.
· 45-50 new clients per month on average
· Dispensing accounts for approximately 63% of Gross Revenues
Private and confidential practice viewings will begin on April 21, 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.