Western MN Optometry Practice and Optical For Sale

Minneapolis, MN (Hennepin County)

Western MN Optometry Practice and Optical For Sale
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Asking Price: $725,000

Cash Flow: $348,523

Gross Revenue: $970,498

EBITDA: N/A

FF&E: N/A

Inventory: $55,000

Established: 1997

Western MN Optometry Practice and Optical For Sale

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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.
• The practice has been around for over 20 years and has averaged annual owner’s cash flow of $357k in the past 3 years.
• 1,000 sq. ft. space in a prime location featuring 1 exam lane, a pretest room, CL room, and a spacious dispensary offering a unique assortment eyewear frames, many of which are exclusive to this practice.
• Located in vibrant and growing community
• Great patient satisfaction and loyalty translates to a big percentage of their business coming from word of mouth and referrals.
• 2018 Revenues and Owner’s Cash Flow were $970K and $349k respectively.
• $55k of Inventory and all the Furniture, Fixtures, and Equipment is included in the sale.
• Bank financing available for 100% of the $725k 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

Location:
Minneapolis, MN
Inventory:
Included in asking price
Employees:
5
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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