THIS PRACTICE HAS SOLD! We’re excited to announce this new high gross, high net private optometry practice for sale in Somerset County, NJ. The practice has gross revenues over $1.23MM with over $400,000 in owner’s discretionary net income. In other words, you would make $400,000 per year as the buyer of this optometry practice assuming no continued growth…but you should plan for continued growth as this practice has grown consistently year-over-year. To be exact, it has grown 49% in revenues since 2021! All of this income can be yours working only 4 consecutive days per week with 3-day weekends like the current owner. If you’re ambitious, you can add another full patient day to the schedule to increase gross revenues and net income.
Somerset County, New Jersey is an amazing place to live and work, earning a coveted A+ grade by Niche.com, which has rated it the #1 best place to live in all of New Jersey. The area also consistently ranks very high in various quality of life indices, including school systems, nightlife, diversity, low crime rates, access to healthcare, and accolades as one of the best places to raise a family in New Jersey and the US at large. The county is strategically located, offering proximity to major business hubs such as New York City and Philadelphia and access to airports and transportation. Additionally, you will enjoy a strong and stable economy with a relatively low unemployment rate and a community with strong sense of civic engagement.
The recently renovated office is located in a quaint building on a busy street in town on the ground floor with ample parking. The layout of the office includes two fully equipped exam lanes, a reception area combined with optical showroom and dispensary, pre-testing room, dark adapt room, contact lens room, office/break room, and 2 bathrooms. This office converted to EMR well over a decade ago and has computers networked throughout the office.
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 4 days per week to earn more than $400,000 annually. Or grow the practice further and make substantially more. With appointments booked out, 12 thousand patient records on file, and a bustling affluent local economy with growing population … this practice will surely continue to flourish long into the future.
Why continue making around $100k to work for someone else making them more money all while struggling to pay off your school loans and cover your cost of living? This is a no-brainer opportunity to earn almost 4-times a young optometrist employee salary by buying this successful private optometry practice in a highly rated suburb of Somerset County, New Jersey. Best of all, the bank will finance the entire transaction and the practice will pay the bank back! 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.
