Northern Alberta Optometry Practice - REF: North AB Opto

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$900,000 CAD

Asking price - practice: $900,000
Appraised value - practice: $901,794

REF#:     North AB Opto
Available: 07/06/2023  
Province:   Alberta
Type:         Optometry Practice
Region:      Yellowhead County
SQFT: ~2,000 sq/ft
Gross Rev: $1,159,243
~EBITDA:     $428,681
Status:        NEW

Welcome to our exclusive presentation of this well-established optometry practice located in a town of 8,400 people in west-central Alberta, about 2 hours west of Edmonton. The practice is in a single storey, standalone commercial building in the downtown business core of the town. Built in 1998, the practice owner purchased the building in 2016 and performed substantial renovations to create the Optometry practice and accompanying medical Aesthetics spa.

The practice has capacity as a two-doctor facility although the owner is currently the sole practitioner providing clinical services 4 days a week. Currently booking patients from Tuesday to Friday during regular business hours only, a new buyer has the opportunity to increase revenue with additional hours on Mondays, evenings and weekends. Dispensing currently accounts for approximately 65% of Total Gross Revenue using the Retail sales model. The Capture Rate is reported at 50% to 55% with a Dispenser acting as a Scribe throughout the patient’s entire visit. Aesthetics accounted for 6% of Gross Revenues and represents a fast-growing opportunity to increase profits.

The Practice has a large and growing patient base with approximately 58 new patients a month. The practice draws patients from a wide geographic area due to the lack of competition in the surrounding county. The Recall program is robust and fully automated.

You will benefit from a comfortable, fully digital facility. The premise is beautifully appointed with a spacious reception area which includes the front retail shop. The practice features a pretesting area, two fully equipped exam lanes and well stocked dispensary. The practice also includes a contact lens room, spa room for medical Aesthetics , private office for the doctor and staff lunchroom.

Business Highlights

  • Modern, profitable and fully digital standing practice

  •  58 new patients per month on average

  •  Dispensing accounts for approximately 65% of Gross Revenues

  •  Opportunity to increase Revenue by adding Monday, evenings and weekend doctor hours.

  • Property owner is fully prepared to negotiate long term, secure lease at fair market rates

  • 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 Greg Moore at 613-716- 2044 or greg@mbcbrokerage.ca.

Greg Moore
Sales Representative

Direct: 613-716-2044

More info on Greg https://www.mbcbrokerage.ca/about-greg-moore

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