THIS PRACTICE HAS SOLD!
Take a look at this idyllic high gross, high net private optometry practice for sale in Connecticut’s Hartford County. The practice is located in one of the best communities to live and raise a family as recognized by numerous publications. Practices like this are extremely rare in today’s market with private equity gobbling up as many high gross practices as possible. Inquire now as this practice is not expected to stay on the market too long.
This practice generated about $1.1M in gross collections in 2019 and $1.2M in 2020 normalized for Covid. 2021 Financials are trending towards $1.16M. Based on the normalized 2020 financials, you will make over $385,000 in income annually as the owner of this practice! That’s more than 3 times the average OD annual wage for employed ODs in Connecticut! All this is achieved on a 4.5-day work week.
The community has earned the very rare and coveted ranking of A+ by Niche.com, with some of the highest ranked schools in the state and country. The area has steady job growth and a stable economy. With nearby vibrant parks, plentiful healthcare options, lots of restaurant options, and tons of activities for the whole family, this growing city provides a quality of life that hard to find anywhere else in the US. Some other accolades include: a recent recognition by US News and World Report as the 53rd best city to live in the entire US in 2021-2022; #3 rated best medium-sized cities for teleworking in the US; #7 in America’s top Hygge Cities (Hygge is the Danish concept of creating cozy environments that foster well-being and contentment); and #14 in America’s most playful cities….to name a few.
The office is about 2,000 square feet comprised of 3 fully equipped exam lanes; pre-test room; CL training, fitting and storage room; edging lab; business offices, private doctor’s office; kitchen and break room; storage; and spacious open-concept optical showroom, dispensary, front office and waiting area. The practice converted to EMR over 10 years ago with computers networked throughout the office. Notable equipment includes: Optos, Retinal Camera, OCT, Edger, Visual Fields, Digital Phoropter, and more. The array of equipment is relatively young compared to most practices for sale by retiring ODs.
The practice employs loyal, experienced and skilled staff with all systems in place, making this a true turn-key opportunity. Just take over and continue seeing patients to earn more than three-times the average OD annual salary in Connecticut. With appointments booked out a month and close to 40,000 records on file, this office has excellent opportunities for continued and future growth.
This is a rare optometry practice purchase opportunity in Connecticut, great for a first-time OD buyer, an existing practice owner seeking expansion opportunities, an institutional buyer or private equity group. Enjoy professional autonomy, control of your schedule, and financial freedom as the new owner of this practice. Inquire now, before this opportunity goes under offer!
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​.
