Established Optometry Practice and Vision Care Center

Clark County, OH

Established Optometry Practice and Vision Care Center

Asking Price:$179,900

Cash Flow:$92,855

Gross Revenue:$278,075

EBITDA:N/A

FF&E:N/A

Inventory:$50,000

Established:1981

Established Optometry Practice and Vision Care Center

Get Financing Save Print Share Valuation Report

Business Description

Great Practice Priced to Sell ! Seller Wants to Retire !

This long established practice (35 Years) is the sole Optometry practice and Vision Center in this Central Ohio town. The business is located in a standalone building in the center of town. The practice is well run, long established and has a solid loyal client base.

The practice is well-equipped and features 3 Exam Rooms, a Dispensary, Office, and a sales area which carries a wide assortment of stylish, well-known brands of frames and sunglasses.

The practice has one full time office manager (Licensed Optician) and one part time Sales person one of the owners is an Optician and the other is a Licensed Optometrist.

The Vision Center is open only 5 days per week (Mon-Fri) with the Retiring Optometrist currently seeing patients Only 3 days per week. Due to the lack of any local competition, it has a steady patient base which is reflected in a stable stream of revenue and income. Revenue can be increased with an Optometrist who can be available to see patients more than the current 3 days per week additionally opening on Saturday can further increase revenue.

The practice presently uses Office Mate practice management software and starting in 2016 Eyefinity for EHR as well as utilizing VSP.

Financial Basics:

Asking Price of $179,900
INCLUDES Frame Inventory Est: $50,000. Estimate as of April 1, 2016.

Active Patients (Defined as receiving Eye Exams):
2015: 1,095, 2014: 1,044, 2013: 1,054

Revenue Breakdown:
2015: Total Revenue: $278,075
Retail: $205,548
Dr. Fees: $72,527

2015: Cash Flow (Profit) As an Optometrist: $92,855

This is a great opportunity for an associate OD to own their first practice or an existing OD/owner to add an additional location.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
1 FT 3 PT
Facilities:
Standalone building approximately 2,100 sq ft. 3 Exam Rooms, Dispensary, Office, Sales Area. Total Rent only $$1,711 per month, $20,535 Annual.
Competition:
Only Optometry practice and Vision Center in this Central Ohio town.
Growth & Expansion:
Revenue can be increased with an Optometrist who can be available to see patients more than the current 3 days per week additionally opening on Saturday can further increase revenue.
Financing:
No Seller financing offered.
Support & Training:
Seller to provide training to insure a smooth transition to a new owner.
Reason for Selling:
Owner Retiring.

Listing Statistics for Premium Members

Ad#:1274092 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Frank Nunziata

Business Listed By:
Frank Nunziata

Jim Tharp Realty

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the Ohio Business Brokers Association (OBBA).

Find out more...

Get more details about this business.


Similar Listings


IM=X Pilates and Fitness

Franchise Opportunity
Capital Required: $80,000