Washington Optometry Practice for Sale – Thurston County, WA

Washington Optometry Practice for Sale – Thurston County, WA

THIS PRACTICE HAS SOLD!

Your search is over! Take a look at this incredible high gross, very high net private optometry practice for sale in Thurston County, Washington. With only one owner operator OD servicing patients on a full-time schedule, the practice brings in gross revenues exceeding $1.2 Million, which generates over $555,000 in discretionary net income that went into the owner’s pocket last year. This is a true turn-key opportunity. Just take over treating the full load of patients and quintuple your current annual salary! You don’t find opportunities like this any longer with private equity scooping everything up. So don’t sleep on this one…the last time we sold a practice in this general area, it was off the market in a few weeks. Inquire now!

Thurston County, WA ranks high on many accolade lists. It has been rated #1 Most Secure Mid-Size Metro Areas to Live in the US; 64th Best County for Outdoor Activities in the US; and consistently high rankings in Best Counties to Live in America, Best Counties for Families and Young Professionals, and Healthiest Counties in America…just to name a few. The county has a strong projected overall economic growth rate, with consistently growing population in need of eye care services and a job growth rate of 42.7% projected over the next ten years. The county schools are excellent. Considering the aforementioned high rankings along with a mild climate, tons of outdoor recreational activities, and local cities like Seattle and Olympia full of entertainment, cuisine, and diversity…and you’ve got a foundation for long-term success with desirable work-life balance. You’ll quickly understand the financial success, job security, and idyllic lifestyle the practice has afforded its owner, all of which you can be the lucky inheritor of.

The office is gorgeous, with beautiful furnishings and a very recent remodel boasting modern design. The footprint is spacious with about 2,500 square feet comprised of 3 fully equipped exam lanes; large open-concept optical show room combined with front desk and waiting area; pre-testing room; VF room, OCT and VE room, separate CL fitting and storage area, separate patient and staff bathrooms, break room with storage, and private OD business office. The office converted to EMR years ago with 10+ computers networked throughout. Notable assets include: Fundus Camera, OCT, Visual Fields, 2x Digital Phoropters and 1x Illuminated Manual Phoropter, VRx Systems, Ultrasound, Visual Electrodiagnostics, custom display cabinetry, and more. The array of equipment is relatively young compared to most practices for sale by retiring ODs.

The practice is located on the main thoroughfare in town with all systems in place, epitomizing the term “turn-key” opportunity. Just take over seeing patients full-time to earn about five-times the average OD annual salary in the state of Washington. All this only working weekdays Mon – Fri with full weekends off! Revenues have continued to grow year-over-year, even amidst the pandemic! With appointments booked weeks in advance and thousands of patient records on file, rest assured this practice will continue to thrive for decades to come.

This is a once-in-a-lifetime opportunity to buy a successful optometry practice in Washington State, suitable for a first-time OD buyer, an existing practice owner seeking expansion opportunities, an institutional buyer, or a private equity group. Enjoy professional autonomy, control of your schedule, and financial freedom as the new owner of this practice. Inquire now as this one isn’t expected to last long!

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!
  • 2019 Gross Sales ~ $1,110,000
  • 2021 Gross Sales ~ $1,230,000
  • 2021 Discretionary Owner Net Income ~ $555,000+
  • OD Practice Price: $1,077,475 (includes all equipment, goodwill, tangible assets, and retail inventory).
  • PE Practice Price: $1.38M – $2.41M (this price is for private equity groups)
  • 100% Bank Financing Available

Reference#: #OD489475WA
Listing Broker: Erik Ferjentsik, MBA
Phone: 877-268-8881 ext: 2
Email: erikf@visionarypracticegroup.com