Denver Colorado Optometry Practice for Sale

Denver Colorado Optometry Practice for Sale

THIS PRACTICE HAS SOLD!

Introducing a highly successful private optometry practice for sale in Denver, Colorado! This beautiful practice generates gross revenues over $1,350,000. Here’s your chance to buy a fully turn-key practice, take over treating patients like you already know how to do, and enjoy earning three-times more than you likely earn now! What’s more…the bank will finance the entire purchase price for you! Enjoy professional autonomy, control of your own schedule, equity in your own practice, and financial freedom as the new owner of this practice. Inquire now as high-quality practices like this for sale in the Denver, CO area are quite rare.

Normally we write a bit about the community, but Denver’s reputation precedes itself and needs no introduction. As most everyone knows, it is one of the most sought-after places to live, work, and own a practice. The practice is located in an affluent part of Denver with loyal and high paying patients and an impeccable online presence with a substantial number of 5-star reviews. With tons of recreational and family activities, quality schools, diversity, and landscapes that will leave you speechless…it’s no wonder everyone wants to move to Denver, Colorado. With a booming economy and continued growth year-over-year, you can rest assured this translates to increased patient demand and continued growth opportunities for the practice.

Compared to most practices on the market, this office is absolutely gorgeous and pristine. The seller has and continues to keep the premises and its equipment modernized and up to date. The layout is a spacious 3,000 square feet, which includes 3 fully equipped exam lanes; pre-testing room, special testing room, edging and repair optical lab, private owner’s office, two more private offices, break room with private staff bathroom, patient bathroom, storage, dry eye clinic, check-out room, and a large open-concept optical show room, dispensary, and front desk area combined, which boasts the latest eyewear styles and trends in the industry. The office converted to EMR about 10 years ago with computers networked throughout. You’ll find newer equipment, including an Optos Daytona, Lipiflow and Lipiscan, Edger, OCT and more. The practice owner also owns the building, so the buyer will have the possibility of purchasing the real estate in the future!

The practice is located on a busy road with all systems in place…a true “turn-key” opportunity. Just take over seeing patients full-time to earn $350,000+ per year, about 3-times the average young-OD salary in Colorado. You can quite easily grow the practice or improve the net margins by implementing some standard cost cutting practices, which we’re happy to explain upon inquiry. Revenues grew about 35% in 2021 compared to 2019! With 99% of the schedule booked out about 3 weeks and 19,000 patient records on file, this practice is poised for continued growth and success! You could increase patients seen per hour/day, which will increase the margins; or you can keep things as-is and earn a great living. Just wait until you hear about the owner’s lifestyle afforded by the practice, which includes a vacation home and ample vacation/travel time throughout the year with plenty of residual income to actually enjoy those vacations!

This is a once-in-a-lifetime opportunity to buy a successful optometry practice in Denver, Colorado, one of the most desirable places in the country to live, work, play, 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 as this one isn’t expected to stay on the market long!

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​.

 

Features

  • THIS PRACTICE HAS SOLD!
  • 2019 Gross Sales ~ $1,091,543
  • 2021 Gross Sales ~ $1,370,587
  • 2021 Discretionary Owner Net Income ~ $350,000+
  • OD Practice Price: $1,043,326 (includes all equipment, goodwill, tangible assets, and retail inventory).
  • PE Practice Price: $1,067,362 – $1,334,203 (this price range is for private equity groups only)
  • 100% Bank Financing Available

Reference#: #OD489478CO
Listing Broker: Erik Ferjentsik, MBA
Phone: 877-268-8881 ext: 2
Email: erikf@visionarypracticegroup.com