THIS PRACTICE HAS SOLD!
Finally, an affordable and successful optometry practice for sale in the Boston, Massachusetts area with the option to purchase real estate along with the practice! This recently updated private practice is located in Middlesex County, MA with 2023 gross revenues at $670,000 and owner discretionary net income at $260,000. Since 2021 revenues have grown 31% and discretionary net income has grown a whopping 114%! For the price, most first-time optometry practice buyers will qualify for 100% bank financing to buy this practice regardless of your current debt load, including school loan debt. The practice will provide you with much more income than you can earn as an employed OD, even paying off your loan to buy the practice. Additionally, the current owner only works an average of about 26-28 hours per week taking over 5 weeks of vacation per year. If the buyer took normal vacation time and worked a normal full-time schedule of 36-40 hours per week, this can become a $1,000,000 grossing practice!
Middlesex County, MA has been awarded the coveted A+ grade by Niche.com with excellently rated public schools, nightlife, places to raise a family, and diversity. Middlesex County has been rated the #1 county for families, outdoor activities, and best county to live in all of Massachusetts. The county boasts a robust and diverse economy with a wide range of industries, including technology, healthcare, education, biotechnology, finance, and manufacturing. This economic diversity provides stability and opportunities for business and practice owners. The area offers an excellent quality of life with its vibrant communities, cultural attractions, recreational opportunities, and city life mixed with suburban tranquility. The proximity to Boston is an obvious perk as well with well-developed infrastructure and transportation networks, including major highways, public transportation systems like the MBTA, and proximity to Logan International Airport. Middlesex County is known for its supportive business environment, with resources such as business incubators, chambers of commerce, and economic development agencies offering assistance, networking opportunities, and incentives for entrepreneurs and small businesses.
The carefully designed office was recently renovated in 2019 with new high-end flooring, cabinetry, granite counters and other stylish improvements. It’s located in a quaint building that is also optional to purchase along with the practice, which will secure your longevity while earning real estate equity in an area that will only continue to appreciate in value. The practice occupies 1,600 square feet with a large optical showroom and dispensary, front desk area, fully equipped exam lane with room for a second; pre-test room, eyewear and CL dispensing areas, insurance and special testing room, break room with kitchen, bathroom, and plenty of storage space. The practice converted to EMR over 15 years ago with computers networked throughout the office. This practice also has an impressive inventory of frames as well as relatively new medical equipment.
The practice has a strong online presence with a perfect 5-star Google review record. All systems are in place, making this a true “turnkey” opportunity. Just take over seeing patients 26-28 hours per week and earn close to $260,000 annually or more if you continue to grow the practice. That’s more than double the typical employed OD salary. With appointments booked out weeks, thousands of patient records on file, strong growth year-over-year, and a bustling local economy – this practice will surely continue to succeed well into the future. Further opportunities for growth include modernized marketing techniques, adding insurances, and expanding the schedule to see patients 36-40 hours per week and taking less than 5+ weeks vacation.
This represents a unique opportunity to acquire an affordable and successful private optometry practice in Massachusetts, which doesn’t come around often in the greater Boston area. This practice purchase is suitable for a first-time OD buyer, an existing practice owner seeking expansion, an institutional buyer, or a private equity group. Enjoy professional and clinical autonomy, control of your own schedule, and financial freedom as the new owner of this practice!
The real estate is also available for purchase, which includes the practice office space as well as two occupied rental apartments collecting $50,000 in yearly rent.
The seller OD 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.
