This is a full service Eye Health Clinic. Revenues are derived from the sale of frames, sunglasses, contact lenses and for exam services. It offers quality service (comprehensive eye exams and contact lens fits), high-end products, and a unique and large array of spectacles. Services are offered by educated eye care professionals (opticians/image consultants and optometrists).
The business has been operating from the same location for the past nine years and has a regular clientele. This is a turnkey operation in a large square footage building that has undergone recent renovations, has an extremely competitive lease, a completely paperless and well-organised office, an effective website and web marketing system in place and is highly ranked on the internet search engines.
The practice has a database of over 4,000 active patients, of which 1,000 patients have been seen for an eye exam in the last two and a half years. Customers come to the store as they are attracted to the choice provided by the many different suppliers. The business has (territorial) rights to carry some of the best designer eyewear in Canada.
Current owner feels that this practice is ideal for an Optometrist as from day one an O.D would have the ability to cut costs dramatically because of the buying discounts available through their optometrist associations.
Over the coming years revenue growth is expected to grow due to growing demand for prescription eyewear from the rapidly aging population and changing fashion trends which are shifting towards high-margin, luxury eyewear.
NOTE; ALL FIGURES IN CANADIAN DOLLARS
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