Seller's Contact Information
- RE: Well Est. Optometric Practice-Broward & Palm Beach
- Contact: Myriam Cohen
Quick Facts
Asking Price: | $250,000 | |
Annual Revenue: | $420,308 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $221,085 | |
Total Debt: | Not Disclosed | |
FF&E: | 80,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1987 | |
Employees: | 4 | |
BBN Listing #: | 30664955 | |
Broker Reference #: | 1043-17726 |
Business Overview:
Optometry practice established over 37 years serving South Palm Beach and Broward County. Business offers full range of eye care services and retail eyeglass sales. 20% of revenue is derived from mobile practice that visits 8 area nursing homes. Seller owns 1,400 square feet medical condo which is available for sale or lease. Office includes a reception area, two exam rooms, pretesting room, contact lens room and a lab. 20% of revenue is derived from mobile nursing home care, 80% of revenue is in office visits. 20% of total revenue is services provided, 80% of total revenue is eye glass and contact lens sales. Payer mix is 3% Medicare, 1% Cash Pay and 96% vision insurance. Great opportunity for growth both in office and with local nursing homes!
Seller will stay on to transition practice. Office staff other than owners are expected to stay.
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Property Features and Assets:
Seller owns medical condo - available for purchase. Assets = $105,000
Reason for Selling:
Retirement.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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