Greater Boston, MA – Optometry Practice for Sale in Massachusetts
A 36 year old optometry practice located in the Boston area of Suffolk County, MA on a main highway in a retail shopping center with high visibility, traffic, and onsite parking. Median household income in this area is higher than state and national median household income. The retiring owner has built a strong brand and goodwill having been voted one of Boston Area’s “Top Doctors” for many years who is very willing to assist and mentor a buyer transitioning into the practice.
Average gross revenues exceed $320,000, with Owner working 30 hours per week or less and taking excess vacation time. 2014 fiscal year gross revenues exceed 2013 gross revenues by about 5%. Take advantage of a rare opportunity to buy a practice from a retiring doctor that is growing!
The Office is spacious and clean with approximately 2,000 square feet, including: 1 exam lane (2nd possible), contact lenses room, reception area, closets, business office, private office, repair lab, optical dispensary. There is a full team of loyal dependable office staff, most of which are long term employees.The practice accepts all major health insurances. Insurance payments accounted for 32% of gross income, and patient payments accounted for 68% of gross income.
Significant growth income potential for ambitious doctor who will add OD hours and take less vacation time similar to that of a full-time OD schedule. Additionally, cost reduction opportunities are possible in certain areas which would result in increased net income.
Seller will consider partial financing for qualified buyer candidates.
Listing Price: $124,000; 100% Bank financing Available
Reference #: #OD489267MA
