THIS PRACTICE HAS SOLD!
Take a look at this affordable opportunity to buy a successful private optometry practice in Arizona, in a beautiful suburb of Phoenix. Owned by a single OD working less than full-time hours, the practice brings in gross revenues over $715,000, generating about $270,000 in annual discretionary net income. This is how much an OD buyer will make in profit just by working the existing clinical schedule of four 8-hour workdays.
With a credit score over 680, most young ODs will qualify for 100% financing. Let the bank buy you a turn-key practice that will make you more than double what you’re earning now as an employee, while offering you total clinical autonomy, control of your own schedule, and professional and financial freedom. All you have to do is take over treating the usual patient load of primary care patients, which you already know how to do. All this, while working only four days per week (full weekends off) on a schedule of only 32 clinical hours per week. With most patients booked out multiple weeks, you can easily increase the patient production and watch your investment grow exponentially and increase your annual net income! The best part, after you pay back the bank loan, you’ll then own an asset you can sell that’s worth what you paid, plus any growth you’ve been able to achieve. It’s a no-brainer…so why are you still working for and making someone else lot’s of money, when you deserve to be making it for yourself?!
The practice is located in an affluent part of Maricopa County, AZ with notable rankings and accolades. For a few examples, the area has been rated #10 Most Fiscally Fit Cities in the US; #10 Most Playful Cities in the US; #15 Best Places for Teleworking; and #21 Healthiest City in the US. Then of course you have the natural beauty, warm winters, low humidity, low cost of living, low crime rate, robust job market and all the other benefits of living and working in Arizona. The suburb itself has some of the highest ranked schools in Arizona and well ranked in the country. The community is charming and a desirable place to live, obtaining a notable livability “B+” grade by Niche.com.
The office appearance is spotless, modern, and sleek, especially compared to most practices on the market being sold by retiring OD sellers. It is up to date and modernized with state-of-the-art equipment, customized furniture and displays. The last remodel was done only a few years ago, so you shouldn’t have any upcoming capital expenditures to worry about.
The office is about 1,550 square feet, comprised of 2 fully equipped exam lanes; pre-test room, administrative office, CL training area, private OD office, bathroom, break room, optical repair lab, and spacious open concept optical show room, dispensary, and front desk area combined. The office implemented EMR about 10 years ago with computers networked throughout. You’ll find newer equipment, including the Optos Daytona, Maestro OCT, Octopus 600, Digital Phoropter, and more. Also, there is a top-notch selection of frame inventory boasting the latest styles and trends.
The practice is located on the corner of two main thoroughfares in town with all systems in place…a true “turn-key” opportunity. Just take over seeing patients full-time to earn $270,000+ per year, at least 2-times the average young-OD salary in Arizona. The practice revenues grew 36% from 2019! If you’re a go-getter, you can easily grow the practice. Revenues have continued to climb year-over-year. With appointments booked out 3+ weeks and thousands of patient records on file, you can elect to book more patients per hour/day and watch your revenues and income continue to climb even further! Or you can simply keep production the same and enjoy a work-life balance that anyone these days would die for! Withing arm’s reach of the prominent growing city of Phoenix, whatever route you choose, there is no doubt this practice will continue to flourish for decades to come.
This is a once-in-a-lifetime opportunity to buy a successful optometry practice in Arizona right outside of Phoenix, an extremely sought-after place to live, work, and own a practice. This opportunity is suitable for a first-time OD buyer, an existing practice owner seeking expansion opportunities, an institutional buyer, or a private equity group. Inquire now!
The owner will assist in a smooth transition, which is included in the price.
For more information, including a comprehensive practice appraisal report, please complete our Buyer Registration Form and Confidentiality Agreement.
