THIS PRACTICE HAS SOLD! Fantastic turn-key high gross/high net practice located in the second fastest growing county in Florida with excellent schools and a plethora of activities to enjoy with your family. The practice grosses over $1M with owner discretionary net income averaging @ $400,000 per year. Here’s your opportunity to take over a long-standing successful practice that has served the community for over 30 years. As the owner of this practice you’ll make enough income to pay off your school loan debt in your first year as the owner! Or if you are an existing practice owner seeking expansion, this well-run practice will be an excellent expansion opportunity for you to gain significant market share.
There is significant growth opportunity for this practice. The current owner only accepts vision insurances. If the buyer were to add medical insurances to the mix, the growth would be exponential…especially considering its location amidst one of the fastest growing counties in the state and the country. Additionally, the practice is only treating patients Monday – Friday and the retiring owner has been reducing his schedule over the past three years and taking more vacation. Further growth can be achieved by adding back a weekend day or late weekday hours and taking less vacation.
The community unemployment rate is less than the US average and recent job growth has increased by 3.9% (excluding the Covod-19 anomaly), which is 2.9% above the US average. Future job growth rates are also extremely high at 45.47%. The cost of living in the area is 1.3% lower than the US average. And don’t forget about the 240 days of sunshine, beautiful weather, no state income tax, proximity to Disney World and other top-notch resorts and attractions.
The practice has served the community for 30+ years developing a loyal patient base with strong referral and word-of-mouth network. The office operates with one full-time owner OD working between two locations strategically positioned to maximize access to patients from various parts of the county. Each location has a fully equipped exam lane, optical showroom, and optical lab. Both offices have new flooring.
You have the opportunity to take over a high functioning practice that generates its owner about 4-times the average full-time a younger OD can expect to make in Florida. With all the positives and obvious growth opportunities, this practice is not expected to stay on the market too long. It’s time for you to achieve professional autonomy and financial freedom…and this is a perfect opportunity to do just that!The retiring owner will assist in a smooth transition, which is included in the price.
Comprehensive practice appraisal available upon request and signed confidential agreement.
For more information, including a comprehensive practice appraisal report, please complete our Buyer Registration Form and Confidentiality Agreement​.
