THIS PRACTICE HAS SOLD!!
Located in one of the hottest growing areas in the US, we’re thrilled to present to you this high gross, high net private practice optometry practice for sale in the greater Chattanooga, TN area of North Georgia! The practice reported 2023 gross revenues at $1.1 million with $475,000 in owner’s discretionary net income. In other words, you would make $475,000 per year as the buyer and full-time operator of this optometry practice assuming no continued growth … however, you should plan for continued growth. From 2021 to 2023 this practice grew 39% (over $300,000) in revenue and 73% in discretionary net income (over $200,000). Moreover, it is on pace to generate over $1.2 million in revenue based on the 2024 P&L through April. This is all on a single OD equivalent 4.5 day per week schedule, with weekends off and sometimes taking Friday – Sunday off!
The practice is located just outside Chattanooga just over the border in Catoosa County, GA. The Chattanooga area is one of the fastest growing regions in the US for a variety of reasons. Chattanooga has its own airport with ever-expanding flight offerings. Within 2 hours or less, you also have the hubs of Atlanta and Nashville, which offer additional transportation options and tons of adult and family activities, dining, entertainment, art, culture, music, and more. Nestled amidst the Appalachian Mountains, the outdoor recreational opportunities in the area are endless, whether it be white water kayaking/rafting the Ocoee, rock climbing on some of the best sandstone in the US, thousands of hiking options galore, mountain biking, paragliding, caving, and more…this is any nature lover’s dream setting. For those more into city life, Chattanooga has a lot to offer with concerts on the river, a lively restaurant and music scene, and lots of different gatherings, shows, fairs, and activities. The city and surrounding areas are one of the only in the US that are fully fiber optic, which, aside from giving you fast internet speeds, has brought in many large companies, including a growing tech scene, and more companies expected to move here in the future. The economic and population growth is staggering, which all trickles down to local businesses. Since the city of Chattanooga is densely developed, most of the new housing developments and thus population growth is occurring in places like Catoosa County, GA. The affordability ranking of Catoosa County and surrounding areas is also phenomenal. I could go on and on about the benefits of living and working here…which is why our company, Visionary Practice Group, relocated here two years ago!
The recently renovated 3,313 sq ft office, including a 1,200 sq foot addition, is located in a retail strip center on a busy street in town on the ground floor with store frontage and ample parking. The layout of the office includes 3 fully equipped exam lanes (with the option to add a fourth exam lane), an open-concept reception area combined with optical showroom and dispensary, pre-testing room, private doctor’s office, employee / break room, optical repair lab, CL fitting area with sink and counter, and 2 bathrooms. This office has converted to EMR with computers networked throughout the office. Some of the notable and relatively young medical equipment includes: Optos Daytona, Zeiss Cirrus OCT, Auto-Phoropters, Retinal Camera, Octopus Visual Field, and more!
The business also has an excellent online presence with hundreds of 5-star patient reviews. All systems and staff are in place, making this a true “turnkey” opportunity. Just take over seeing patients full-time to earn more than $475,000 annually based on 2023, which is trending higher based on the 2024 numbers. With appointments booked out, thousands of patient records on file, stellar year-over-year revenue growth, and a thriving economy with major population growth – this practice will surely continue to flourish long into the future. Best of all, the seller just did all the work to accommodate the continued growth by securing 1,200 square feet of additional space and a long-term lease with plenty of renewal options.
Why would any OD continue making around $100k-$140k to work for and making someone else much more money all while struggling to pay off school loans and barely scrape by? This is a no-brainer opportunity to earn almost 5x the usual and customary starting optometrist employee salary by owning a fully developed and successful private optometry practice in a highly rated north Georgia suburb of Chattanooga, TN. Icing on the cake – the bank will finance the entire transaction and the practice will pay the bank back! Even after debt service, you’ll still make about $400,000 per year while your debt payments build equity in a valuable asset. Enjoy professional and clinical autonomy, control of your own schedule, and financial freedom as the new owner of this successful optometry practice.
This practice purchase opportunity is suitable for a first-time optometrist buyer, an existing optometrist practice owner seeking expansion, an institutional buyer, or a private equity group. Contact us now for more information.
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.
