THIS PRACTICE HAS SOLD!
Meticulously maintained private optometry practice for sale in Florida’s panhandle. This practice has gross revenues at $800,000 and owner discretionary net income of $225,000, which could be increased through existing growth opportunities and standard cost cutting practices. The current owner OD is the only optometrist treating patients on a 4-day work week with one additional half-day every other week. The OD gets full weekends off and three-day weekends every other week. It’s rare to find a strong grossing practice without the need to work weekends! You could add the full fifth weekday to the regular schedule to grow the practice further, or simply enjoy a healthy work-life balance at the current/historic schedule that has worked well for this practice over the years.
The coastal city where this practice is located is gorgeous, recently being recognized as a top-50 place to live by US News & World Report and a top 5 place to retire. It’s also been ranked in the top 7 places to live in all of Florida with a high safety and diversity rating, low cost of living, tons of recreational activities and entertainment for the family, and proximity to so many sought-after tourist destinations. The city has seen 5.3% job growth in the last year, which is quite high compared to the rest of the country. It’s no secret that Florida has become a hotspot during and after Covid with new residents flocking to the area, massive population growth, new-home-builds, etc. A growing population is always good for any local business owner. And of course, we can’t forget the spectacular beaches and weather with 353 days of sunshine! This practice is located very close to one of the most beautiful beaches in Florida and the country…not a bad place to go enjoy your lunch break!
The office is clean, organized, and laid out well for streamlined patient flow. The footprint is about 2,000 square feet with two fully equipped exam lanes; spacious open-concept optical show room with custom displays combined with the front desk and waiting area; pre-testing room; special testing room; CL room; private doctor’s office; business office; employee lounge; repair lab, and two restrooms. The office converted to EMR over 15 years ago with 15+ computers networked throughout. The medical equipment throughout the office is relatively young compared to many practices on the market today.
The practice is visibly located on one of the main thoroughfares in town. The staff are all well-trained and loyal to the practice, who will be a great asset to your continued success. All systems are in place, making this a true “turn-key” opportunity. Just take over seeing patients 4-4.5 days per week, like the current owner, and earn more than double the average OD annual salary in the state of Florida. With appointments booked out 2 months, growing this practice would be as simple as adding more OD hours to the schedule. With thousands of patient records on file, growth and cost-cutting opportunities, and a robust local economy with growing population…there is no doubt this practice will continue to flourish for decades to come.
This is a once-in-a-lifetime opportunity to buy a successful optometry practice in Florida suitable for a first-time OD buyer, an existing practice owner seeking expansion opportunities, an institutional buyer, or a private equity group. Enjoy professional autonomy, control of your schedule, and financial freedom as the new owner of this practice. Inquire now, before someone else takes this wonderful opportunity off the market!
The real estate is also available for optional purchase for $610,000 in addition to the practice price. If you are approved for financing to buy the practice, the bank will approve financing for the real estate as they prefer you control your long-term office space, build equity, and save on the sunk cost of rent payments.
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.
