Live and practice as if you’re on vacation in one of the most gorgeous settings all of New England has to offer. Set in the southern shore area of Barnstable County, Massachusetts, a short drive to Boston, MA and Providence, RI, this turn-key optometry private practice for sale is move-in ready. The loyal experienced staff combined with well-developed operational systems make this opportunity one which a new OD can take over with ease; including EMR conversion and office management software implemented over 6 years ago with 8 workstations networked and conveniently located throughout the office. Owner is willing to assist in a buyer’s successful transition into the practice.
The practice is grossing over $700,000 in revenue and generating over $300,000 in net cash flow to the owner. These net margins exceed the national average by over 10%! An ambitious practice buyer, could easily grow the business by adding more OD hours to the schedule. The demand is certainly available with appointments consistently booked 4 weeks in advance! What’s best…..the retiring owner OD works only four full days per week enjoying three-day weekends Saturday through Monday! You’ll rarely see an opportunity on the market with a schedule this attractive and numbers this successful. On days off, you could hop on a ferry to Martha’s Vineyard or Nantucket. Or perhaps take your own boat to your island vacation home…which could quite easily become possible based on the financial strength of the practice.
The office is located in the center of a bustling coastal town, in a stand-alone building with fully renovated 1,956 square feet of space devoted to the practice. The office build-out (and renovations) were architecturally customized to maximize retail sales, while also supporting patient flow for a medical model practice. The layout includes two exam lanes, spacious 565 square foot optical showroom (recently renovated and furnished), repair lab, office, dispensary, contact lens fitting areas, reception area, and a private area for dilating patients. The practice owns a full inventory of relatively young clinical equipment, including: Humphreys Visual Fields, Retinal Camera, and a revamped exam room as of 2015 with new chair, stand, and slit lamp with tonometer.
The building is owned by the practice owner, who is willing to sell the building at a very fair price to the practice buyer. Commercial banks have expressed they are willing to finance 100% of the practice price, as well as up to 100% for the estate, because the practice financials are so strong.
With thousands of active patient records, full appointment book, high gross revenues, high cash flow, and custom renovated, computerized, and spacious office in an ideal location, this opportunity is sure to fly off the market.
Gross Revenues: 2014 = $713,483; 2013 = $693,455; 2012 = $707,716
Owner Cash Flow: 2014 = $316,594; 2013 = $284,507; 2013 = $316,649
Practice Price: ND – 100% Bank Financing Available!
REF#: #OD489272MA
Listing Broker: Erik Ferjentsik, MBA
