Richmond Hill Optometry Practice - REF. #1735
$598,000 CAD
Appraised value - practice: $598,975
Asking price - practice: $598,000
REF# : #1735
Available: 11/05/2026
Province: Ontario
Type: Optometry Practice
Region: Richmond Hill
SQFT: 917 sq ft
Gross Rev: $483,694
Owner EBITDA: $280,181
Status: NEW
Richmond Hill Optometry Practice – Ref.# 1735
Welcome to our exclusive presentation of this profitable optometry practice in an exclusive area of Richmond Hill Ontario. Earn immediate cash flow with the purchase of this turnkey Practice established in 1996. The current location was built from scratch in 2017 by the current owner on the second floor of a retail plaza in a residential neighbourhood. The practice has easy access to Highway 404 and the Richmond Hill Go Station. There is ample parking for patients and staff.
The practice is owned by two Optometrists in an equal partnership. Both partners are looking to retire but are willing to stay on for a short term to aid in the transition of the practice.
This is a full scope practice. The practice dispenses only contact lenses which account for approximately 22% of Revenue. The two owners currently provides the combined equivalent to 5 full-time days of clinical hours per week. There is an opportunity to increase Revenue and cash flow by adding additional evening clinical hours.
Patients take an elevator to the second floor of the centre and enter the practice to be greeted by Reception and a large waiting room. The practice contains a pretesting room, a visual fields room and 2 exam rooms. A contact lens room share space with the staff room. Bathrooms are located in the hallway outside the practice and is maintained by the landlord. The practice is wheelchair accessible.
Business Highlights
· Well established practice
· Dispensing only contact lenses
· 2025 EBITDA is 58% of Gross Revenue
· Opportunity to increase Revenue by adding additional clinical hours.
· Owners are willing to stay on as Associates for an extended period of time.
· Private and confidential practice viewings will be conducted by the Owners begin on May 25, 2026.
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.
