Want to live and work in one of the most idyllic coastal areas in the country making close to $300,000 per year? Look no further, because here is your dream chance to buy a private optometry practice in Santa Barbara County, California. Santa Barbara County has it all, including jaw dropping natural beauty, tons of outdoor recreation, ecclectic arts and culture scene, sustainable economic development, low crime rates, low unemployment rates, a strong job market, and plenty of family friendly activities and entertainment. The area garners a coveted “A” grade from Niche.com and has been consistently rated one of the best places to live in the US as well as one of the best places to raise a family with highly rated public and private schools.
The locale boasts affluent demographics, a strong tourism market, educational institutions, vibrant entrepreneurial ecosystem, proximity to Los Angeles and many other positives that will only help this practice continue to grow. Case in point, this practice has trailing twelve-month (“TTM”) gross revenues over $950,000, which is 11% higher than 2022 revenues showing strong continued growth. All this historic success is based on a 4-day clinical work week with only about 25 OD hours worked per week and 3-consecutive-day weekends. An ambitious buyer could achieve immediate growth by increasing OD hours and/or adding one more workday to the weekly schedule to work a standard full-time schedule. Increasing OD hours to 40 hours per week would add approximately $350,000+ in revenue and over $100,000 to the existing discretionary net income. In other words, as the new owner, you would make about $400,000 per year working full time!
The office operates in a newly built-out customized 1,600 square foot optometric facility in a retail complex on a main thoroughfare in town with excellent exposure and mutually beneficial neighboring tenants. The office layout includes 2 fully equipped exam lanes; a large open-concept optical show room with custom displays combined with the front desk and reception area; CL area; pre-testing room; restrooms; and a break room. Wait until you see how pristine and organized this practice is…it’s magazine worthy!
The practice has a superb online presence with plenty of 5-star patient reviews. All systems are in place, making this a true “turnkey” opportunity. Just take over seeing patients for a short work week with 3-day weekends to earn around $280,000 or more annually. Or work a normal full-time schedule and make around $400,000 per year as the new owner of this practice. With appointments booked out weeks, thousands of patient records on file, consistent year-over-year growth, and a robust local economy with an affluent population…there is no doubt this practice will continue to thrive long into the future.
This is a once-in-a-lifetime opportunity to buy a successful turn-key private optometry practice in one of the most sought after highly rated areas in California and the US at large. This opportunity is suitable for a first-time OD buyer, an existing practice owner seeking expansion, an institutional buyer, or a private equity group. Enjoy professional and clinical autonomy, control of your own schedule, and financial freedom as the new owner of this practice. Inquire now as this one isn’t expected to stay on the market for long.
The seller OD 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.
