Fairfield County, Connecticut – Optometry Practice for Sale
Turn-key, high gross sales, high net income, clean practice located in one of the most sought after markets in the tri-state area – Fairfield County, Connecticut. This practice has it all – continuous growth year over year; weekday “lifestyle” schedule; excellent margins and cash flows; location location location, EMR converted, and loyal staff and patients.
Serving the surrounding communities for over 50 years, this practice’s reputation is outstanding, which can be evidenced by its strong online presence with perfect and positive organic reviews. It’s no wonder why the appointment book is always booked in advance. Growth opportunities exist, however the owner elected to max out at 15 patients per day for lifestyle reasons. BONUS: The OD currently works on a light four-day schedule with full weekends off (one Saturday a month) and one weekday off as well. Such a friendly schedule is unheard of for a practice generating similar financials. The schedule is also very convenient if you have, or are planning to have, kids. This is a true work/life balance practice that will earn you over $300,000 in owner discretionary income annually, which is about three times the average OD salary for the typical full-time employed OD seeking to buy a practice.
The commercial complex was constructed more recently on the busiest intersection in town. The interior build-out was custom designed for the practice. There are two fully equipped exam lanes; pre-exam room; optical; repair lab, back office/break room, and reception area. Another BONUS: a new long-term lease has recently been signed and secured with reduced rent from previous years, reduced common area/operating costs, and a landlord who’s agreed to contribute over $10,000 if and when the buyer would like to update the interior. It’s rare to have any of these lease attributes present in a practice for sale, especially in such an affluent and popular area of the country.
The practice converted to EMR back in 2005 with computers networked throughout the office and fully tech proficient staff. The practice is a well-oiled machine that runs itself, literally. The staff are all cross-trained and self-managed in their respective primary roles. Insurance billing is outsourced to a high-quality US firm, so staff can focus on patient care. The owner spends 99% of the 36 hour work week seeing patients with little to no back-office work, just like every other employed OD….but instead earns $315,000 a year and enjoys complete professional freedom and independence! Opportunities like this just don’t come around often!
The owner will commit significant consultative time to support a smooth transition into the practice at no extra cost.
Practice Price: ND; 100% Bank Financing Available!
Reference#: #OD489397CT
Contact: Erik Ferjentsik, MBA
Email: erikf@visionarypracticegroup.com
