Successful Legacy Optometry Practice, Extraordinar

Not Disclosed, WA

Western Washington


Asking Price: Annual Revenue:
$895,000 $1,000,000

Services: Medical, Dental


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RE: Successful Legacy Optometry Practice, Extraordinar Broker: Charles Morningstar
Owner Financing is Available!
With substantial down, fully securitized note, personal guarantee, and seller’s approval.

Quick Facts

Asking Price: $895,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: $344,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1986
Employees: 3
BBN Listing #: 500532903
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This 60+ year old practice is seeking to be acquired. The practice is currently operating with one Doctor but has historically had two who generally worked thirty hours per week, generating a comfortable living for both the Doctors and the staff. This office is dedicated to serving the vision needs of all the community members in a sizable geographical footprint. In fact, this region was recently identified by Zillow as being in the top four real estate markets in the United States. This practice has maintained a focus on outstanding customer service, offering trending eyewear, incorporating the latest, cutting-edge technology in addressing visual issues, as well as working closely with other eyecare partners in addressing and treating cataract, retina, glaucoma, and other eye conditions. The area is growing in popularity and population helping to cement a secure future for the new owner(s). If you would like additional information on this opportunity, please visit our website to complete and submit the required non-disclosure agreement.

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Property Features and Assets:

The 2,100 square foot office located in my high visibility medical arts facility includes separate rooms for pre-testing with tonometry and auto refractor/keratometer, retinal photos, OCT and visual fields, and contact lens dispensing/inventory. Currently utilizing 2 lanes with a third lane available, all 3 rooms include Marco or Topcon Chairs, Slit Lamps, Phoropters, Tonometers, Nikon NP3S Remote-control chart projectors, along with all other associated accessory instruments. A full array of current diagnostic equipment is utilized in the practice including Zeiss Humphrey Field Analyzer, Opto Vue Avanti OCT, and Canon CR2 AF Fundus Camera. Revolution EHR has been utilized since 2013 and all computers are networked throughout the building. A full service optical dispensing department together with an eyewear gallery are also integral parts of this practice.

Market Competition and Expansion:

There are definitely other privately owned practices in the area who are direct competitors. However, this is a legacy practice in a community who ascribes to loyalty. As long as they are taken care of with their care and consideration as the number one priority, they will remain loyal. There is one corporate provider, WalMart, in the area, but the level of care provided does not qualify them as a direct competitor of significant threat to market share. There are definitely other privately owned practices in the area who are direct competitors. However, this is a legacy practice in a community who ascribes to loyalty. As long as they are taken care of with their care and consideration as the number one priority, they will remain loyal. There is one corporate provider, WalMart, in the area, but the level of care provided does not qualify them as a direct competitor of significant threat to market share.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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