THIS PRACTICE HAS SOLD! A rare high gross, high net private practice opportunity in Seattle with near 40% profit margins and room to grow. Established over 40 years ago, this practice has been a mainstay serving the surrounding communities for decades. Located on a bustling street with ever-growing population and economy, this practice has high new-patient demand and walk-in traffic compared to most other practices nationwide. This is an affordable turn-key private practice opportunity, great for a first-time OD buyer or existing practice owner seeking expansion opportunities. Take the leap and it will be the best professional and financial decision of your life!
The office is over 1,200 square feet, which is quite spacious for metro Seattle. The relationship with the landlord is excellent with lease secured through 2024 with options to renew. The layout is comprised of 2 exam rooms (one fully equipped), pretest room, optical showroom/dispensary, manager’s office, doctor’s private office, imaging room, bathroom, and break room. The practice has an EMR system and office management software in place with 9 computers networked throughout the office. Notable newer equipment includes: LED Slit Lamp with Camera, new chair/stand/slit lamp, Visual Field, OCT, Optos, and Biomicroscope, to name a few.
The owner OD generates over $800k in revenue and $300k in discretionary income working only 32 hours per week on a 4-weekday work week with 3 consecutive day weekends off….which is unheard of! Where else can you make 3 times the average OD wage with 3-day weekends? You could enjoy the same lifestyle as the owner, or increase hours and decrease vacation time to grow the practice exponentially. With thousands of patient records on file and 90%+ appointments booked in advance, this practice is poised for continued growth regardless of which path you choose.
Thanks to private equity groups buying up private practices in the area and Seattle being such a desirable location to live/work, there are very few opportunities that arise in this market. So don’t miss your chance to become your own boss, earn three times the average OD salary in WA, and achieve professional autonomy, financial freedom, and control of your own schedule! This one is not expected to last long on the market.
The owner will assist in a smooth transition, which is included in the price.
Comprehensive practice appraisal available upon request and signed confidential agreement.
For more information, including a comprehensive practice appraisal report, please complete our Buyer Registration Form and Confidentiality Agreement​.
