Optometric Practice - 100% Seller Financing - G...

Montgomery County, PA

Asking Price: Annual Revenue:
$329,000 $400,000

Services: Non-classifiable

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RE: Optometric Practice - 100% Seller Financing - G... Broker: Bill Law
Owner Financing is Available!

Quick Facts

Asking Price: $329,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $160,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1968
Employees: 5
BBN Listing #: 429364693
Broker Reference #: CHARLNC001-48905

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Business Overview:

ONE TIME OPPORTUNITY: 100% Seller Financing. Generous Terms! After over 50 years this doctor wants to retire from his full time four-day optometric practice NOW! He will provide assistance to complete a successful transition as needed even as he moves to pursue his many outside interests. The practice is well staffed with knowledgeable professionals who have served with the doctor an average of ten years assisting the family oriented multi-generational patient base. Complete with a full range of equipment, this OD has nourished a loyal patient base that relies on him for their full scope family Eyecare. In addition to routine Eyecare he has a strong primary care therapeutic practice including the treatment of glaucoma, co-management of all surgical patients, contact lens practice, and an established specialty in the treatment of keratoconus with scleral contact lenses based on an aggressive referral source. Patients travel from all over PA and from surrounding states for this care. He is the only eye doctor in this community of 55,000 residents, the county seat of the third largest county in the Commonwealth - statistically the most affluent. An energetic professional who adds a fifth day of care, maximizes the second examination room, and markets the practice carefully, should double the annual revenue in short time. Located near the town center and adjacent to a vibrant Latino shopping area, the rental on this 1250 square foot office is only $2100 / month. The doctor has additional rental income from second and third floor apartments. 100% Seller financing with minimum good faith deposit. The timeframe is open and subject to Buyer/Seller agreement.

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Reason for Selling:

Preparing for retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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