THIS PRACTICE HAS SOLD!
Take a look at this very high gross, high net private practice for sale in Washington state. The practice brings in gross revenues over $2.2M generating more than $600,000 in annual discretionary net income for one buyer OD. If you make $100k right now, the bank will literally pay for this practice for you so you can earn $500k more per year than you do now. There are rarely opportunities like this in any industry, much less eye care. Enjoy professional autonomy, control of your own schedule, and financial freedom as the new owner of this practice.
The practice is located in central western Washington with a strong foothold in local and surrounding markets. The area is safe with great schools, diversity, natural beauty, and was rated in the top 40% of places for young professionals to live and work in the US. There are also positive stats for the city including increasing employment opportunities, reduction in unemployment, and increases in real incomes.
The office looks brand new with a very recent remodel costing hundreds of thousands of dollars. The incoming buyer will not have to worry about capital expenditures to improve the office space for 15+ years. Compared to most practices for sale on the market, it is a rarity to find such a clean and newly renovated facility like this. No expense was spared to keep this practice up to date and modernized. The office is built for a future of continued growth with over 4,000 square feet comprised of: 6 fully equipped exam lanes; spacious and open concept front desk and optical/dispensary area; pre-testing room; break room, billing room, VF room, OCTG room, CL training room, 3 private doctors’ offices, admin office, 2 bathrooms, and a finishing/edging lab. The office converted to EMR almost 10 years ago with 20+ computers networked throughout. You’ll find newer equipment throughout the practice, including an Optos, Cirrus OCT, Humphries VF, new exam lanes with Binocular Indirect Ophthalmoscopes, and much more. Also, you’ll find custom displays showing a robust selection of frame inventory boasting the latest styles and trends in the industry.
The practice is located on the main thoroughfare in town with all staff and systems in place…a true “turn-key” opportunity. Just take over seeing patients full-time to earn $600,000+ per year, which is about 6-times the average young-OD salary in Washington. All this will be financed by the bank! If you’re a go-getter, you can easily grow the practice. The practice hardly invests any money on advertising and yet still they are booked out for months. With tens of thousands of records on file, you can elect to book more patients per day or add owner or associate OD-hours to the schedule and watch your revenues and income continue to soar! Or you can simply keep production the same and enjoy an annual income that most ODs could only dream of.
This is a once-in-a-lifetime opportunity to buy an extremely successful optometry practice in a highly sought-after area to live in Washington state. Practices like this just don’t become available very often, so don’t sleep on this one. This opportunity is suitable for a first-time OD buyer, a partnership, an existing practice owner seeking expansion opportunities, an institutional buyer, or a private equity group.
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.
