GTA Optometry Practice - REF. #1555
$450,319 CAD
Appraised & asking price - practice: $450,319
REF#. : #1555
Available: 31/05/2023
Province: Ontario
Type: Optometry Practice
Region: GTA
SQFT: ~450 sq ft + ~150 sq ft shared space
Gross Rev: $500,370
Owner EBITDA: $213,211
Status: NEW
Welcome to our exclusive presentation of this well-established optometry practice in the heart of Markham Ont. The practice has an excellent location with easy access to Highway 404, Highway 407 and Markham’s new Rapidway transit line Highway 7. Located in a busy strip plaza, the practice shares space with a dental and chiropractic office in a cost sharing arrangement.
Established by its current owner in 1989 and fully renovated in 2009, this single doctor practice has two part time Dispensers plus part time Receptionists. The existing owner would like to stay on as an Associates and the practice will appeal to an investor-optometrist looking for easy-to-manage, turnkey practice.
The practice currently provides doctor’s hours 4 days a week with evening hours offered on Tuesday and Thursdays. An opportunity exists to increase revenue with additional hours on Mondays, Fridays and Sundays. Dispensing currently accounts for approximately 49% of Total Gross Revenue using the Dispensing model.
The Practice has a long history of reliable revenue and cash-flow. Approximately 12 new patients visit the practice each month. The Recall program is robust with most patients pre-booking their next appointment before they leave the practice.
You will benefit from a comfortable, facility in a high-income neighbourhood. The premise is well designed with one fully equipped examination rooms, pre-testing and a frame gallery off the reception area.
Business Highlights
12 new patients per month on average.
Long standing practice
Dispensing accounts for approximately 49% of Gross Revenues.
Opportunity to increase Revenue by adding Monday, Friday and Sunday doctor hours.
Private and confidential practice viewings will begin on June 18, 2023.
The full appraisal package is ready and will be sent to interested parties who sign a Confidentiality Agreement.
To discuss this practice in greater detail, and to book your private and confidential appointment to view this great opportunity, please contact Irv Handler at 647-286-5839 or irv@mbcbrokerage.ca.
