How to find the best optometry practices for sale in Canada
The vision care industry has been experiencing steady growth over the past few years. Currently, it's a $1.8 billion worth industry, with expectations that it will only continue growing over the upcoming period.
Considering the currently favorable market conditions, you now have an excellent opportunity to break into the market and make a name for yourself as one of the top eye care professionals.
All you have to do is find a profitable practice for sale and ensure a successful transition.
When starting your search for an optometry practice for sale in Canada, you'll likely be overwhelmed within minutes. Skimming through newspaper ads, browsing through independent online listings, and searching through social media channels trying to find a practice that meets your needs is time-consuming, confusing, and exhausting.
It's difficult to find listings with detailed information and even more difficult to get in touch with potential sellers.
That's precisely why FindBusinesses4Sale was established.
Founded by professionals tired of the unnecessarily complicated process of buying an established business, FindBusinesses4Sale brings all the relevant listings into a single, unified place.
Whether you're interested in individual practices in Alberta, an amazing opportunity in British Columbia, a turn-key practice in Ontario, or even a franchised eye health clinic in Quebec, you'll find all the top listings right on FindBusinesses4Sale.
As a buyer, it's free to join the platform and take advantage of all the available features.
Once you sign up, you'll receive a complimentary buyer's guide that will inform you of all the critical elements to keep an eye on and help you make the right purchasing decision.
When you're ready to begin your search, you can use the advanced search filters that will narrow down your options. Look for available clinics by province or city, purchase price ranges, annual gross revenue and cash flow, and more.
Save your criteria to make future searches easier, and add the best listings you come across to your favorites. Add personalized notes to each listing, and set up email alerts to receive a notification when your favorite listings receive a price reduction or when a new optometry practice matching your criteria gets published on the platform.
If you have no luck finding a business that meets your needs, create and publish free "business wanted" ads and have current owners and franchisors reach out to you.
Once you've identified a clinic that checks all your boxes, you must keep an eye on a few different factors that will help you make the right purchasing decision.
When buying an established clinic, pay attention to the following:
- Historical cash flow and the clinic's financial records;
- The number of active patients;
- The clinic's offline and online competition;
- The practice assets;
- Its intangible assets;
- The condition of the medical equipment;
- Age of equipment;
- Quality of staff.
You'll also want to pay close attention to the clinic's location. If the clinic is relatively unknown and far from its primary customer base, you'll have difficulty attracting patients. Things will be much easier if the clinic is in a high-foot-traffic area with convenient parking for all staff members and visitors.
Although buying an established clinic has its fair share of challenges, it provides you with the perfect opportunity to get straight to work and make a name for yourself in the eye care industry.
You just need to find a clinic that meets your needs – and FindBusinesses4Sale can help you in this aspect.
Join FindBusinesses4Sale for free, browse through thousands of detailed listings, and find an optometry practice for sale in Canada that was made just for you.