THIS PRACTICE HAS SOLD!
Check out this immaculate private optometry practice for sale in Hoboken, New Jersey, nestled in the commercial area of this affluent suburb of the greater New York City area. 2022 gross revenues were just under $1.1M and owner discretionary net income at $300,000. Revenues have grown consistently, including a 24% increase in 2022 versus 2019. The real estate is also available for sale at an affordable price, which is extremely rare for the greater NYC area and assures you protection from rent hikes, longevity at the current location, and appreciation of real estate equity value! Growth opportunities exist, especially considering the current owner only worked four days per week until adding a more recent fifth day of patient care, which will significantly improve the current and ongoing financials.
The practice has been a mainstay in Hoboken and the surrounding area for three decades with a loyal patient base in an ever-growing local economy. Hoboken, NJ has earned a coveted A+ rating by Niche.com and has been rated the best place to live in the greater NYC/NJ metro area many times over. The school systems are excellent and there is no shortage of diversity and entertainment for the whole family. Some other accolades for the community include #1 Best Suburbs for Young Professionals in the state of New Jersey, #5 Safest Cities in America for Families with Young Children, and Top 150 Best Suburbs to Live in America, to name a few. Check out this local’s review of the area and why she thinks Hoboken is the best place to live.
The office is in a newly remodeled customized optometric facility on the ground level of a popular street with tons of vehicle and walking traffic exposure. The office layout includes two fully equipped exam lanes; spacious open-concept optical show room with custom displays combined with the front desk and reception area; CL area; pre-testing room; Glaucoma testing area; flex space; and restroom. The practice converted to EMR over 12 years ago with computers networked throughout the office. This practice also has an impressive inventory of cutting-edge medical equipment, most of which is relatively young compared to practices on the market today. Some notable pieces of equipment include: Optos, Octopus VF, Digital Slits and Refracting System, Lumenis Optilight IPL with OPT, OCT, Aberrometer, and more!
The practice has an amazing online presence with stellar reviews. All systems are in place, making this a true “turnkey” opportunity. Just take over seeing patients full-time and earn $300,000 or more annually. With appointments booked out weeks, over 11,000 records on file, consistent year-over-year growth which will jump considerably after adding a fifth clinical workday, and a robust local economy with growing population and incomes…there is no doubt this practice will continue to thrive for decades to come.
This is a once-in-a-lifetime opportunity to buy a successful turnkey private optometry practice in Hoboken, NJ, a highly rated suburb of NYC. 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. Enjoy professional and clinical autonomy, control of your own schedule, and financial freedom as the new owner of this practice. Inquire now, before someone else beats you to it!
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.
