Check out this spectacular optometry practice for sale in Virginia. This private practice is located in the Shenandoah Valley area with 2023 gross revenues over $1.464 million and owner discretionary net income over $400,000. Revenues grew 11% from 2022 to 2023. The area is one of the fastest growing in the country and the fastest growing metro area in Virginia for multiple years running. Not many high gross, high net opportunities exist like this on the market these days, so don’t miss out on this one!
The area has earned an A grade by Niche.com with highly rated public schools, strong diversity, low cost of living, and plenty of entertainment, recreation, and nightlife options. It’s also an excellent community to raise children. The Shenandoah Valley offers stunning natural beauty and outdoor activities, including hiking, biking, and exploring national parks, appealing to nature enthusiasts and those looking for a balanced lifestyle. The vibrant and inclusive community brings about a strong sense of belonging, including hosting various cultural events, art exhibitions, and music festivals, fostering a rich cultural life. You’ll also enjoy proximity to major cities such as Washington D.C., Baltimore, and Richmond along with easy access to Dulles International Airport. The area has been ranked one of the fastest growing in the US as well as the fastest growing metro area in Virginia for years running. Many Virginia residents and beyond move here to retire ensuring a consistent and growing patient base in need of medical eye care services. Such patients also increase the average optical expenditure per patient.
Virginia is a state poised for continued optometric industry growth as it has full prescribing privileges for treatment of the eyes and adnexa, as well as injections. Virginia’s laser bill, which passed the legislature 2 years ago, is now in its final form, ready to go to the Governor’s desk to sign into law! For those who are certified, the ability to perform PIs, YAG capsulotomies, and SLTs will be implemented later this year. Moreover, the area has a shortage of eye doctors, so an ambitious buyer could easily grow the practice by increasing production, expanding the schedule, and/or adding more associate OD hours to the schedule.
The office is pristine and spacious with over 3,500 square feet of office space and new flooring throughout. It’s located on the ground floor with window frontage and complimentary neighboring tenants who help bring in patient traffic and exposure. The office layout includes 5 fully equipped exam lanes; a huge 1,000 square foot open-concept optical show room with custom displays combined with dispensary, front desk and reception area; private office manager’s office; 2 private doctor’s offices; full optical lab; CL room; final check room; tech room; pre-testing room; VF/OCT room; break room; 2 storage rooms; employee restroom; patient restroom; and a utility room. The practice converted to EMR 10 years ago with 15 computers networked throughout the office. This practice also has an impressive inventory of frames as well as cutting-edge medical equipment, most of which is quite young compared to practices on the market today. Some notable pieces of equipment include: Optos California, Maculogix Dark Adaptometer, Visual Field, OCT, Edger; and more!
The practice has a superb online presence with hundreds of 5-star patient reviews. All systems are in place, making this a true “turnkey” opportunity. Just take over seeing patients full-time and earn $406,000 or more annually. With appointments booked out months, over 37,000 patient records on file, strong growth in 2023, a robust local economy with a growing population, and its location being in the fastest growing area in Virginia…there is no doubt this practice will continue to grow and thrive long into the future.
This is a once-in-a-lifetime opportunity to buy a successful private optometry practice in Virginia. This practice purchase 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!
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.
