30 Year Ophthalmology Practice

Not Disclosed, NY
Saratoga County


Asking Price: Annual Revenue:
$600,000 $1,000,000

Services: Medical, Dental


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RE: 30 Year Ophthalmology Practice Broker: Lincoln Taylor

Quick Facts

Asking Price: $600,000
Annual Revenue: $1,000,000
Net Profit: $500,000
Cash Flow: $500,000
Total Debt: Not Disclosed
FF&E: $450,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 1
BBN Listing #: 509126891
Broker Reference #: Not Disclosed

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Business Overview:

Practice is located in an area experiencing good growth with an educated population. Doctor is retiring and only sees 130-140 patients 3 days a week. He has a part-time optometrist working 15-20 hours a week leaving exceptional growth.

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Property Features and Assets:

The office is located in a well establish growth area of NY State. Excellent opportunity for a doctor to grow the practice without the need of addition space. There is convenient parking. The practice is shared with 4 retail stores including an eyewear and hearing aid store. The doctor owns the office building and he is prepared to offer the buyer favorable lease terms.

Market Competition and Expansion:

The practice has been at this location for decades, and although new practices have been developed in the area, the practice remains one of the most successful. The demographics are favorable and this practice remains competitive to attract new patients. The upside to the practice is unlimited as the doctor currently works only 3 days. Plenty of upside for a younger ophthalmologist desiring growth.

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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