30 year Ophthalmology Practice

Price: $600,000

Annual Revenue: $1,000,000

Net Cash Flow: $500,000

Industry: Health Care, Medical

Location: Capital Region, NY

Listing ID: 7

Practice is located in an area experiencing good growth with an educated population. Doctor is retiring and only sees 130-140 patients 3 days a week. He has a part-time optometrist working 15-20 hours a week leaving exceptional growth.

Listing Details

FFE: $450,000 (Included in Price)

Reason For Sale:

Doctor is retiring.

Training & Support:

The doctor will stay on for 1 year and is flexible to stay with the practice to ensure a successful transition.

Operation

Year Established: 1988

Employees: 1

Location

Facilities Information:

The office is located in a well establish growth area of NY State. Excellent opportunity for a doctor to grow the practice without the need of addition space. There is convenient parking. The practice is shared with 4 retail stores including an eyewear and hearing aid store. The doctor owns the office building and he is prepared to offer the buyer favorable lease terms.

Summary

Competition:

The practice has been at this location for decades, and although new practices have been developed in the area, the practice remains one of the most successful. The demographics are favorable and this practice remains competitive to attract new patients.

Potential Growth:

The upside to the practice is unlimited as the doctor currently works only 3 days. Plenty of upside for a younger ophthalmologist desiring growth.