Wisconsin Optometry Practice for Sale

Wisconsin Optometry Practice for Sale

Take a look at this turn-key optometry practice for sale in Wisconsin with the option to purchase real estate along with the practice! Located in Sheboygan County, WI, this practice produced $1,450,000 in gross revenue in 2023, which generated a full-time equivalent owner $400,000 in annual discretionary net income, which is almost 4-times what young ODs are getting paid as employees. Revenues grew 11% from 2022 to 2023 showing a current upward trend, ready for the next owner to take over and enjoy continued growth and success.

Situated strategically between Milwaukee and Green Bay, Sheboygan County offers easy access to major markets in Wisconsin and beyond. The county has been given an A grade by Niche.com with highly rated schools, diversity, nightlife, and one of the best places to raise a family in Wisconsin. Sheboygan County boasts a reasonable cost of living compared to many other areas in the United States, including lower cost housing, utilities, and daily expenses. You’ll also enjoy a diverse economy with a mix of industries, including manufacturing, healthcare, tourism, and agriculture. Residents of Sheboygan County enjoy a high quality of life with access to beautiful natural surroundings, including Lake Michigan shoreline, parks, and recreational areas. The county’s small-town charm combined with modern amenities creates an inviting and family-friendly environment. Residents take pride in their community and often demonstrate a strong sense of camaraderie and support. This tight-knit community can be beneficial for businesses, fostering loyalty among customers and creating opportunities for local partnerships. Check out this list of reasons to live and work in Sheboygan County, Wisconsin.

The beautifully designed and recently remodeled office is spacious with 3,750 square feet of optometry office space. It’s located in a lovely free-standing building that is also optional to purchase along with the practice, which will secure your longevity while earning real estate equity that should only continue to appreciate in value. The practice layout includes a huge open concept optical showroom and dispensary merged with the front desk area and adjoining optical lab, 4 fully equipped exam lanes, pre-test room, post exam room, private doctor’s office, private office for business team, CL fitting room, private dilating area, kitchen and staff break room, patient bathroom, private staff bathroom, and plenty of storage. The practice converted to EMR over 13 years ago with computers networked throughout the office. This practice also has an impressive inventory of frames as well as relatively newer medical and office equipment, including: Clarus Wide Field Retinal Camera; Oculus Corneal Topographer; OCT; Humphrey Visual Field; updated computers and more.

The practice has a strong online presence with nothing but 5-star Google reviews on record. All systems are in place, making this a true “turnkey” opportunity. Just take over seeing patients full-time and earn $400,000 annually. Appointments are booked out for 8 weeks, so you can immediately grow the practice and earn more income simply by adding more OD hours to the schedule. With about 14,000 patient records on file and an excellent reputation serving the community for almost 45 years, this practice will surely continue to thrive and provide its new owner great financial success long into the future.

This represents a unique opportunity to buy a successful private optometry practice in Wisconsin, with the rare option to purchase the real estate along with the practice. The real estate has one additional commercial unit that is rented by a reliable tenant providing an additional source of income. 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​.

 

Features

  • 2023 Gross Sales: $1,450,000
  • 2023 Discretionary Owner Net Income: $400,000
  • OD Practice Price: $950,677 (supported by a comprehensive appraisal; includes all equipment, goodwill, tangible assets, and retail inventory)
  • Real Estate Price: $610,000 (optional to purchase with practice; supported by a comprehensive appraisal)
    • Real Estate includes one additional rented commercial unit with stable tenant.
  • Private Equity Price: $1,124,682 – $1,624,540
  • 100% Bank Financing Available (for both practice and real estate)

Reference#: #OD489500WI
Listing Broker: Erik Ferjentsik, MBA
Phone: 877-268-8881 ext: 2
Email: erikf@visionarypracticegroup.com