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Established Optical Practice Turnkey Opportunity In Lakeside Toronto For Sale

Scarborough, Ontario, Canada
Asking Price:
$399,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (CAD)
Cash Flow:
$50K - $100K (CAD)

An Uncommon Opportunity
For 13 years, this independently owned dispensing optometry and optical clinic has served the Lakeside East Toronto community—one of the city’s most family-oriented and scenic neighborhoods. Now, it awaits its next steward: an associate optometrist ready for first-time ownership, an established professional seeking a satellite location, or a small group looking for a turnkey expansion.
This is not a startup. It is a complete practice with a loyal patient base, modern infrastructure, and virtually no recurring software or equipment obligations.

A Note on Recent Performance
Like many healthcare businesses, we navigated an unusual few years—a post-COVID recovery period, extended medical leaves for both associate doctors simultaneously, and province-wide OHIP changes. These temporary factors affected short-term financials. However, the practice’s foundation—its loyal patient base, prime location, efficient systems, and low overhead—remains exceptionally strong. This is a turnkey opportunity for an owner-operator to restore and exceed previous profit levels quickly.

A $1 Million Practice in the Making
For an owner-operator ready to step in, this practice has all the pieces to reach $1 million or more in annual billings within a few years. The foundation is here: over 8,000 active patient files, a prime location in a growing community, low overhead, and room to expand services and hours. The next owner simply needs to bring their own exam capacity and execute on the obvious growth opportunities already identified. This isn’t speculation—it’s potential, waiting for the right owner to unlock it.

Key Assets
14 years in operation with a strong community reputation
8,000+ active patient files—all organic, built through consistent service over time
$65,000+ in retail stock
Fully equipped, modern space with all exam equipment paid off
Custom cabinetry, desks, and server—all built and owned outright by the practice
Website with online booking, shopping cart, and natural SEO—drives new patients without ongoing ad spend 2-5 new patients per week
Organic Google reviews—authentic, trusted, and earned
Automated recall and telemarketing system (nominal per use fee only)
Practice management software—lifetime license, self-hosted on a private server, no monthly fees, complete data privacy
Security system and alarm—paid off (only monitoring fee)
POS system—purchased outright, just $5 per month plus usage fees

Clinic Details & Location
Located in a high-traffic retail plaza with ample free parking and anchored by:
GO Train Station
LCBO
BMO
Pizza Pizza
Subway
Popeyes
A medical doctor’s office and pharmacy are within the same plaza—an excellent source of ongoing referrals.
Low rent: $3,100 per month plus utilities, with over three years remaining on the lease and a renewal option.

Physical Space & Market Position
This is the only optical practice within a short radius—no close competition. Every local patient needing eye care comes here or travels significantly farther. With new residential developments underway, that patient base is growing.
The clinic is fully built out and ready for an owner-operator:
Large showroom with retail display capacity
Reception and waiting areas
Contact lens room with sink
Lab area with sink and cutout for an edger (space ready; unit not included)
One fully equipped exam room
Additional office that can convert to a second exam room or pre-test room
Small storage room
Exterior signs and A-sign permit included
The next owner can step in, install an edger, build their team, and immediately serve a captive local market.
Additional details:
Renovated, attractive professional layout
Two part-time optometrists currently on staff (buyer may retain or replace)
Owners (opticians) willing to stay up to three months to support transition (negotiable)

Growth Potential
Add a second exam lane (space available)
Install an edger for in-house finishing
Introduce dry eye therapy, specialty contact lens fittings, or vision therapy
Expand business hours or add services to meet growing demand
Owner-operator can capture full exam revenue currently paid to associates

Lifestyle Highlights
Minutes from the Lake Ontario boardwalk, beach, and waterfront trails
A quiet, family-friendly community with a strong sense of belonging
Close to major highways and the GO Station (30 minutes to downtown Toronto)
Surrounded by over 12,000 homes, with new residential developments in progress
Free parking, scenic outdoor spaces, and walkable amenities

Ideal For
Associate optometrists ready for their first practice ownership
Small groups seeking a turnkey second or third location
Experienced optometrists relocating to Toronto’s east end
Foreign-trained professionals buying into Canadian practice
Anyone who values efficiency, low overhead, and a captive local market

Price & Contact
Priced at $399,000 for a motivated sale—negotiable for serious inquiries. Financials available upon signed NDA.

Property Information

Real Estate:

Lease

Lease Terms:

3+ year left, with renewal options

Leasehold Rent:

$37,346 (CAD) per annum

Location:

Located in a high-traffic retail plaza with ample free parking and anchored by:
GO Train Station
LCBO
BMO
Pizza Pizza
Subway
Popeyes
A medical doctor’s office and pharmacy are within the same plaza—an excellent source of ongoing referrals.
Close to Hwy. Numerous Schools, Library, Community Centers

Premises Details:

This 1,000 sq. ft. optical clinic is fully built out and move-in ready. The layout is designed for efficient patient flow and retail operations, with all major infrastructure already in place.

Clinic layout includes:

Large showroom with retail display capacity

Reception area and welcoming waiting room

One fully equipped exam room

Contact lens room with sink

Lab area with sink and cutout for an edger (space ready; edger not included)

Additional office that can convert to a second exam room or pre-test room

Small storage room

Size in square feet:
1,000

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

his practice is positioned for significant growth under active, owner-operator management. Multiple opportunities exist to increase revenue with minimal additional investment.

Immediate Opportunities:

Install an edger – The lab area is plumbed and includes a cutout ready for an edger, allowing the practice to capture lens finishing revenue currently outsourced.

Add a second exam lane – An existing office can be converted to a second exam room or pre-test room, effectively doubling exam capacity without expanding the footprint.

Extend operating hours – Current hours are limited; expanding evenings or weekends would capture additional patient segments, including working professionals and families.

Service Expansion:

Introduce dry eye therapy, specialty contact lens fittings, or vision therapy – all high-margin services with growing patient demand.

Owner-operator can perform exams directly, capturing revenue currently paid to part-time associate optometrists.

Competition / Market:

This practice is the only optical clinic within a short radius. There is no close competition in the immediate area.

Local patients seeking eye care or eyewear must travel significantly farther to reach another provider. With over 12,000 homes in the surrounding area and new residential developments underway, the practice enjoys a natural, captive market.

The nearby medical doctor's office and pharmacy within the same plaza can generate ongoing referral opportunities, with no main competing optical presence to intercept those patients.

This unique market position provides the next owner with pricing power, patient loyalty, and a built-in growth advantage.

Reasons for selling:

After 14 successful years serving the Lakeside East Toronto community, we have made the personal decision to move on to the next chapter in our lives. This was not an easy decision, as this practice has been a true labor of love.

Recent years presented a series of unusual, temporary challenges—including extended medical leaves for both associate doctors simultaneously and province-wide OHIP changes—that made it clear the practice would benefit from a full-time, owner-operator presence. Rather than continue navigating these circumstances as owners who are not optometrists ourselves, we believe it is the right time to pass the torch to someone who can step in, bring their own clinical expertise, and unlock the practice's full potential.

The business remains fundamentally strong: a loyal patient base, a prime location with no close competition, exceptionally low overhead, and all equipment and systems owned outright. We are proud of what we have built and are committed to ensuring a smooth transition. We are willing to stay on for up to three months to support the new owner and introduce them to the community, staff, and patients.

This is an opportunity for the right optometrist or group to acquire a turnkey practice with a clear path to growth—and we are ready to help you succeed.

Trading hours:

Mon- Saturday

Employees:
2 Oprician, 2 Part time Optometrists
Years established:
14 years

Other Information

Support & training:

Full transition support with the Owners (Opticians) for 3 months- negotiable.

Furniture / Fixtures value:
$45,000 (CAD) - included in the asking price
Inventory / Stock value:
$65,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated