Western MN Optometry Practice & Optical For Sale. Bank Financing.

MN

Western MN Optometry Practice & Optical For Sale. Bank Financing.
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Asking Price: $199,500

Cash Flow: $66,544

Gross Revenue: $366,833

EBITDA: N/A

FF&E: N/A

Inventory: $25,000

Established: 1999

Western MN Optometry Practice & Optical For Sale. Bank Financing.

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Business Description

Great opportunity for an O.D. looking to own their first practice or an existing practice owner considering adding another location. ..
- This turnkey practice has been in business for 20 years. .
- 1,550 sq. ft. facility occupied by independent, solo practitioner with 4,700 patient records on file, offering routine eye exams, contact lens fittings & optical sales, and general optometric medical care. .
- Located in vibrant and growing community of 15,000 and draws additional patients from surrounding communities of approximately 150,000 residents. .
- Highly regarded patient satisfaction. Offers top quality contact lenses, frames and lenses which translates to a big percentage of their business coming from word of mouth and referrals. .
- The owner’s health issues limited 2018 Revenues and Owner’s Cash Flow to $367K and $67K respectively. Previous years were considerably higher. .
- $25k of Inventory, $60k of Accounts Receivable, and the existing Furniture, Fixtures, and Equipment are all included in the sale price. .
- Bank financing available for 100% of the $199,500 purchase price to a qualified O.D. buyer. For more information, contact Randy Krivo, Sunbelt Business Broker – Practice Sales Specialist. (612) 843-0075. rkrivo@sunbeltmidwest.com.
If you are looking to buy an Optometry practice, sell an Optometry practice, or would like an Optometry practice valuation, contact Randy Krivo, Minnesota and Western Wisconsin’s Optometry practice sales specialist, to schedule a confidential and complimentary consultation.

Detailed Information

Inventory:
Included in asking price
Employees:
2
Reason for Selling:
Retirement
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Sunbelt Business Brokers and M&A Advisors

Business Listed By:
Sunbelt Business Brokers

Sunbelt Business Brokers

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