Wonderful turn-key optometry practice for sale in Virginia with an affordable price! Located in the greater Richmond, VA area, this optometry practice produced over $800,000 in gross revenue in 2024, which brought in $300,000 in annual discretionary net income for its owner who worked an average of 25 OD hours per week. Working just part-time, this practice would bring your earnings to almost 3 times what young ODs are getting paid as employees. Appointments are booked out over a month. A buyer could immediately elect to work a full-time schedule and bring the revenues above $1M, which should bring the buyer’s annual income above $400k. The best part of this plan is you don’t have to pay a price to buy a practice that’s already grossing $1M or higher and you won’t have to compete with private equity who mostly focus on buying optometry practices with higher revenues.
Owning an optometry business and living in the greater Richmond, Virginia area offers a compelling combination of economic opportunity, quality of life, and community support. Richmond’s diverse and growing economy, fueled by sectors such as finance, healthcare, logistics, and technology, creates a fertile environment for entrepreneurs and business owners. The area boasts a relatively low cost of living compared to other East Coast cities, making it more affordable to sustain a business and retain excess income to spend or save for retirement. Additionally, Richmond’s central location along the I-95 corridor provides convenient access to major markets from Washington, D.C. to the Carolinas. The city’s rich history, vibrant arts scene, and abundance of outdoor recreation—like the James River Park System—make it an attractive place to live and raise a family. Coupled with supportive local business networks and business resources, Richmond presents a balanced and thriving setting for both personal and professional growth. The county has been given a rare and coveted A+ grade by Niche.com with highly rated schools, diversity, job opportunities, and one of the best places to live and raise a family in Virginia and the US. Check out more reasons to live and work in Chesterfield County.
The office occupies 1,800 square feet with a recent remodel and addition only 3 years ago. The practice layout includes an optical showroom, two separate dispensing areas, 2 fully equipped exam lanes with the potential for a third exam room, pre-test room, CL room, private doctor’s office with its own bathroom, edging and finishing lab, optical work room and optician office, staff break room and employee office, patient bathroom, and storage. The practice converted to an EMR software system 20 years ago with computers networked throughout the office. This practice also has a huge selection of frames as well as relatively newer medical and office equipment compared to most practices on the market, including: OCT; Visual Field; 2 Digital Phoropters; Digital Tonometer; Auto Kerato-Refractometer; Edger, upgraded computers, and more.
The practice has a strong online presence with over a hundred 5-star Google reviews on record. All systems are in place, making this a true “turnkey” opportunity. Just take over seeing patients part-time and enjoy a lifestyle practice that will generate $300,000 annually for its new owner. Or take advantage of the excess patient demand with appointments booking out over a month and you could earn over $400,000 working a standard full-time schedule. With over 45,000 patient records on file and an excellent reputation serving the community, this practice provides an amazing opportunity to propel yourself into a financially rewarding position.
This practice purchase is suitable for a first-time OD buyer, an existing practice owner seeking to acquire another practice, 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 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.
