Vermont Optometry Practice for Sale – SOLD!

Vermont Optometry Practice for Sale – SOLD!

THIS PRACTICE HAS SOLD!

Here’s your chance to live, work and play in one of the most sought-after locales in all of New England, which has earned the coveted A grade from Niche.com. The area also has a very low unemployment rate and strong job growth. This private practice has generated gross revenues over $1M consistently. As the owner of this practice, you will make over $370,000 in profits annually! All this on a very friendly work schedule (the norm in Vermont) in which the owner took over 70 days vacation in 2019 and still grossed over $1.1M!

The community has highly ranked schools, it has been ranked #1 greenest cities in America, #1 in the US for Business Vitality, #3 best in the US for Foodies, one of the best cities for entrepreneurs, and top ten most secure areas in the US…to name a few. Vermont in general has been ranked by CNBC as the Best State to Live in America; 3rd best State for Working Moms, and 5th in the National Child Well-being Index, #1 Healthiest State to Live in America, 2nd Happiest State to Live in America,

The office is about 1,800 square feet and was remodeled relatively recently. The layout is comprised of two fully equipped exam lanes, pre-test room, CL fitting area, repair lab, billing office, break/storage room, rest room, and open concept optical, front office and waiting area. The practice has an office management software system in place with computers networked throughout the office, but has not yet fully converted to EHR, which has been factored into the valuation. Notable equipment includes: Optos Daytona, OCT, Humphrey VF, and more. All equipment is relatively young compared to most practices on the market.

The practice employs loyal, experienced and skilled staff with all systems in place, making this a true turn-key opportunity. Just take over and continue seeing patients to earn more than triple the average OD salary in Vermont. With appointments booked out 2 months and about 16k records on file, this office has excellent opportunity for further growth. Despite Covid, the practice is performing better than ever!

This is an affordable turn-key private optometry practice purchase opportunity great for a first-time OD buyer or an existing practice owner seeking expansion opportunities. Enjoy professional autonomy, control of your schedule, and financial freedom as the new owner of this practice. Inquire soon…before this opportunity goes under offer!

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​.

 

Features

  • This Practice has Sold!
  • 2020 Normalized Gross Collections > $1,100,000
  • 2020 Normalized Owner Cash Flow > $370,000
  • OD Practice Price: $786,445 (includes all equipment, goodwill, tangible assets, and retail inventory).
  • PE Practice Price Range: $1.1M – $1.43M (this price is for private equity groups)
  • 100% Bank Financing Available!

Reference#: #OD489461VT
Listing Broker: Erik Ferjentsik, MBA
Phone: 877-268-8881 ext: 2
Email: erikf@visionarypracticegroup.com