THIS PRACTICE HAS SOLD!
We’re excited to present to you this high gross, high net private optometry practice for sale in Pennsylvania. Owned and operated by a single OD, the practice brings in gross revenues over $900,000 generating more than $340,000 in annual discretionary net income for its owner. You can buy this turn-key practice, take over treating the usual patient load of only about 10 patients per day and enjoy earning three times more than you might earn now! All this, while working weekdays only (full weekends off) on a schedule less than 40 hours per week. Enjoy professional autonomy, control of your own schedule, and financial freedom as the new owner of this practice. Inquire now, before it goes under offer!
The practice is located in an affluent part of Bucks County, PA with notable rankings and accolades. For a few examples, the area has been rated #1 Best Places for Young Professionals; one of the healthiest cities in the US; well above average livability score; lower than average cost of living; low crime rate; some of the best schools in the county, state and country; and a low poverty rate. The community gets a coveted “A” ranking on Niche.com with an A+ ranking for school systems and raising a family, both of which are quite rare scores to see in any community across the US. The county’s sales tax rate and income tax rates are both lower than the US average adding to a low cost of living and retention of discretionary income. The location has its obvious perks being so close to prominent cities such as Philadelphia (40 miles); New York City (75 miles); Baltimore (120 miles); Washington DC (158 miles); and Boston (288 miles). You and your family will love the array of parks (22 in the county alone), quality housing, cultural and recreational facilities, quaint boutiques, modern shopping malls, industrial complexes, and much more. Bucks County is “known for its cultural traditions, parklands, shopping, gourmet dining, and family fun.”
The office appearance is spectacular, especially compared to most practices on the market being sold by retiring OD sellers. No expense was spared to keep this practice up to date and modernized. As soon as you walk in, you will find that “new practice smell” in a very recently renovated office with beautiful custom furnishings throughout and young equipment. The footprint is over 1,600 sq feet, comprised of 3 fully equipped exam lanes; pre-test room, CL room, optical lab, back office, break room, storage, bathroom, and spacious open concept optical show room, dispensary, and front desk area combined. The office converted to EMR over 10 years with computers networked throughout. You’ll find newer equipment, including a recently purchased Santinelli Edger and a brand new Optos. Also, a wide array of frame inventory boasting the latest styles and trends in the industry.
The practice is situated in a visible area of town with all systems in place…a true “turn-key” opportunity. Just take over seeing patients full-time to earn $340,000+ per year, about 3-times the average young-OD salary in Pennsylvania. Or if you’re a go-getter, you can easily grow the practice. Revenues have continued to climb year-over-year (excluding the pandemic year). With 99% of the schedule booked out 4+ weeks and over 13,000 patient records on file, you can elect to book more patients per day or add an associate and watch your revenues and income continue to climb even further! Or you can simply keep production the same and enjoy substantial income as-is. Whatever route you choose, 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 Pennsylvania right outside of Philadelphia, an extremely sought-after area for ODs to live, work, and own a practice. 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. Inquire now as this one isn’t expected to last long!
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.
