Canadian practice for Sale, per the seller you can balance bill for your services! Can’t do that in the USA.
This amazing practice is in Prince George British Colombia, The seller bought the practice in 2006. The office space is 2592 SF. Rent is $5,330 per month. There are 3 fully equipped exam rooms and 6 staff. I have a.sheet, from the seller, detailing the staff duties, hourly rate for each, and how long they have been with the practice. The practice is open for patients 6 days a week, Mon to Sat 8::30 to 5:00 pm.
Special equipment of the practice consists of a Maestro 2 OCT new as of 3/25/2025, Auto Keratometer /Tonometer/Pacometer new as of 3/25/2025, Optos, Topographer, and visual fields.
Revenue per patient over the last 4 years is an impressive $507 per patient Canadian dollars. To translate to US dollars that is $365. The doctor spends 20 to 30 minutes with each patient. There is one associate with the practice at this time. The practice sees on average 3,560 full vision exams per year. The practice is debit free. Cost of Goods runs a low 23.91% of revenue. The acceptable percentage is 30%. True Net runs an impressive 45.29% of revenue. The acceptable percentage is 30% for an optometric practice.
Looking at the financials, the average revenue of the practice is $1,804,981, ******Canadian, which equals $1,299,586 US dollars.
The average True Net, is $760,724, **********in Canadian dollars. In US dollars that is equivalent to $547,721.
If this is a practice in your area of interest location wise, please contact me. With its financials, it rates at the top of my other listings. . Practices like this are hard to find. Out of my 24 other listings in the US, only 5 are just below this one with True Nets above 35% and Cost of Goods under 28%. This is a practice well worth checking out.
The valuation of the practice is $1,392,675, Canadian or $1,002,726, US dollars.********
The offering price was chosen by the seller. $1,195,000. *******. Canadian. US dollars $836,500. The seller is giving just over a 14% discount over the valuation for the offering price. The practice is fairly valued at the calculated valuation amount. The lower offering price is to encourage interest in the practice. The seller wants to retire.
I would be happy to send to those seriously interested the full financials, calculation of True Nets and Valuation.
Dave
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Dave Carlton OD. Glendora/Claremont, CA. Facilitator of Practice Sales and Acquisitions. Practicing OD. 909-621-7530 landline
e-mail drdcod77@yahoo.com
You want to build a great practice into something bigger.