Established Optometry Practice and Vision Care Center

Price: $179,900

Location: Central Ohio - Ohio, Clark

Industry: Healthcare/Medical, Optical Practices

Listing Category: Optometry Practices

Listing ID: 82267

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. Est as of 4/1/2016

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.

Listing Details

Total Sales: $278,075

Cash Flow: $92,855

Inventory: $50,000 (Included in Price)

Terms and Conditions?:

No Seller financing offered.

Reason For Sale:

Owner Retiring.

Training & Support:

Seller to provide training to insure a smooth transition to a new owner.

Operation

Year Established: 1981

Year of Last Acquisition: 1981

Days & Hours of Operation: Mon-Friday 9-5:30pm Thurs until 6:30pm, Closed Sat and Sunday.

Employees: Full Time: 1 / Part Time: 3

Managers: 1

Location

Lease Option: Present Total Rent $1,711 per month, $20,535 Annual. Seller owns Building and will negotiate a lease with new Buyer.

Monthly Rent: 1711

Type of Location: Stand alone Building

Square Footage: 2100

Facilities Information:

Standalone building approximately 2,100 sq ft. 3 Exam Rooms, Dispensary, Office, Sales Area. Total Rent only $$1,711 per month, $20,535 Annual.

Summary

Historical Summary:

Established in 1981 very consistent sales and profit year after year.

Competition:

Only Optometry practice and Vision Center in this Central Ohio town.

Potential Growth:

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/Terms:

No Seller financing offered.

Afilliations