30 year Ophthalmology Practice

Saratoga County, NY

30 year Ophthalmology Practice
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Asking Price: Get Financing: $600,000

Cash Flow: $500,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $450,000

Inventory: N/A

Lease Rate: $12 /SF

Established: 1988

30 year Ophthalmology Practice

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Business Description

Practice is located in an area experiencing good growth with an educated population. Doctor is retiring and only sees 130-140 patients 3 days a week. He has a part-time optometrist working 15-20 hours a week leaving exceptional growth.

Detailed Information

Real Estate:
Leased
Building SF:
6,200
Lease Expiration:
12/31/2017
Employees:
1 full time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The office is located in a well establish growth area of NY State. Excellent opportunity for a doctor to grow the practice without the need of addition space. There is convenient parking. The practice is shared with 4 retail stores including an eyewear and hearing aid store. The doctor owns the office building and he is prepared to offer the buyer favorable lease terms.
Competition:
The practice has been at this location for decades, and although new practices have been developed in the area, the practice remains one of the most successful. The demographics are favorable and this practice remains competitive to attract new patients.
Growth & Expansion:
The upside to the practice is unlimited as the doctor currently works only 3 days. Plenty of upside for a younger ophthalmologist desiring growth.
Support & Training:
The doctor will stay on for 1 year and is flexible to stay with the practice to ensure a successful transition.
Reason for Selling:
Doctor is retiring.
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Contact the Seller

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Lincoln Taylor

Business Listed By:
Lincoln Taylor

Synergy Business Brokers

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).


Sponsoring Broker:
Blake Taylor

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