Here’s the opportunity you’ve been waiting for. Take a look at this pristine private optometry practice for sale in the northern affluent suburbs of Virginia and part of the greater Washington, DC area. 2022 gross revenues were over $1.2 million with owner discretionary net income over $430,000. Revenues have grown consistently, including an 8.5% increase from 2019 to 2022. As of the first quarter of 2023, revenues were trending towards $1.5 million for the year! The real estate is also available for sale, offering the buyer protection from rent hikes, longevity at the current location, and appreciation of real estate equity value! Growth opportunities exist, including the opportunity to open up the schedule for more hours, add additional insurance plans, and the inclusion of dry eye or other specialty optometric services.
The area has earned a coveted A+ rating by Niche.com with very highly rated public schools, strong diversity, and an overall excellent community to raise children. The town has been consistently rated one of the best places to live in Virginia and the greater Washington DC area. It has also been ranked as one of the best suburbs to live in America as well as one of the best places for young professionals to live and work in the US. It’s the perfect mix of charming small-town vibe within a stone’s throw of a large metro area and all that DC and Baltimore have to offer. The area is growing with new commercial developments and new housing builds occurring regularly.
The office operates from a newly remodeled customized optometric facility with over 1,400 square feet. It’s located on the ground level with window frontage and beneficial neighboring tenants/owners who bring in patron traffic thus increasing the exposure of the practice. The office layout includes a fully equipped exam lane with the potential to reconfigure and add an additional lane; open-concept optical show room with custom displays combined with the front desk and reception area; CL area; pre-testing room; and storage/utility/CL trial room. The practice converted to EMR over 10 years ago with computers networked throughout the office. This practice also has an impressive inventory of frames, including popular high-end brands, as well as cutting-edge medical equipment, most of which is relatively young compared to practices on the market today. Some notable pieces of equipment include: Optos, Topographer, Visual Field, Thermoflo, Autorefractor, OCT, and more!
The practice has a stellar online presence with lots of superb patient reviews. All systems are in place, making this a true “turnkey” opportunity. Just take over seeing patients full-time and earn $430,000 or more annually. With appointments booked out, over 12,000 patient records on file, consistent year-over-year growth, and a robust local economy with growing population and incomes…there is no doubt this practice will continue to thrive long into the future.
This is a once-in-a-lifetime opportunity to buy a successful turn-key private optometry practice in a highly rated suburb of northern Virginia. This opportunity is suitable for a first-time OD buyer, an existing practice owner seeking expansion, 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. Inquire now as this one isn’t expected to stay on the market for long.
The seller OD will assist in a smooth transition, which is included in the price. The seller OD is also willing to remain on as an employed OD for a fair market wage at the buyer’s request.
For more information, including a comprehensive practice appraisal report, please complete our Buyer Registration Form and Confidentiality Agreement.
