Private Optometry Practice - Glendale

Glendale, CA (Los Angeles County)

Seller Financing Available
Private Optometry Practice - Glendale
Contact Seller

Asking Price: Get Financing: $82,675

Cash Flow: N/A

Gross Revenue: $146,327

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $2,427.75 /Month

Established: 2014

Private Optometry Practice - Glendale

Get Financing Save Print Share Valuation Report

Business Description

This boutique-style private optometry practice prides itself on superior eye care solutions with a high attention to detail. The practice has experienced year over year growth since inception. Over the last three years, sales have grown by a compounded annual growth rate of 18.9%. Medical related services represent 56.6% of sales, optical is roughly 36.1% and contact lens sale are 7.3%. The average revenue per patient is $336.00. Approximately 36% of the patients are between the ages of 0-18 and roughly 58% are between 19 and 65 years old. 66 plus patients represent 6% of the patient base. The practice has a strong social media presence with outstanding reviews on Yelp, which has led to the increased loyal customer base and annual revenue growth. This is the perfect opportunity for a newly licensed Optometrist looking for a turnkey practice or a season Doctor looking to expand their practice.

Detailed Information

Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Employees:
2
Facilities:
Excellent location, very attractive medical building. Lease is for an approximate 1,000 square foot. Current base rent is $2,427.75 per month. Lease expires in 2019 and has a five (5) year option.
Competition:
The US industry is highly fragmented: the 50 largest US companies account for less than 10% of revenue. Demand is driven by demographics. The aging of the US population increases demand for eye exams and glasses. Eye diseases such as cataracts and glaucoma, which are often diagnosed by an optometrist but treated by an ophthalmologist, also increase with age. The profitability of optometrist practices depends on efficient operations and whether glasses and contact lenses are sold. Eyeglass purchases are mildly cyclical with the economy, as many consumers view extra glasses as an expense that can be deferred.
Support & Training:
Seller will provide 60 hours of transitional support and training as a part of purchase.
Reason for Selling:
Focus on family matters.
Contact Seller

Contact the Seller

Contact Seller Loading

Ric Hepburn, CBI, CBB

Business Listed By:
Ric Hepburn

CitiusMA

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1526557 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 of Use before responding to any ad.


Similar Listings


Acasa Senior Care

Franchise Opportunity In CA
Capital Required: $95,000