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Optometry Practice For Sale
Location: United States -> Maine -> Portland
Industry: Health and Medical > Optometry

Business Summary

Retiring owner OD selling a long-standing optometry practice just north of Portland, Maine. This is a perfect turn-key opportunity for any OD interested in owning a private practice and earning triple the average full-time OD salary in Maine. On a casual 27 hour work week with 1 month vacation, the owner generates over $750,000 in revenue and over $300,000 in owner discretionary income. Revenues have grown consistently over the years. The buyer of this practice can enjoy a similar income to the owner on the same work schedule, or elect to increase the top and bottom lines by working more OD hours and taking less vacation.

Demand is strong with appointments booking out 3+ weeks in advance. The office converted to EMR in 2011 and remains fully networked throughout the office with 11 work stations. The office management software reports about 18,000 patient records on file with a solid new patient vs. existing patient ratio.
The custom built office is a spacious 2,500 square foot ground-floor unit with a renovation and addition completed in 2007. A new OCT and Retinal Camera were both purchased in 2016. There are 3 fully equipped exam lanes, leaving this space poised for decades of growth and expansion. The remaining layout includes a large optical center, 2 pretesting rooms, tech center, doctor's business office, admin area, reception/waiting area, lab repair room, finishing lab, large storage room, break room, basement, and two restrooms. You will also enjoy ample parking with over 20 dedicated parking spots.
The free standing commercially zoned building is owned by the practice owner, who will consider leasing or selling the property at a discount to the practice buyer. Owner will also support the buyer in a smooth transition.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $750,000
Cash Flow:   $300,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1987
Number of Employees:  6 - 9
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller OD will assist with smooth transition
Reason For Selling:  Retiring

Print Listing Id: 700278857
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Also See: Franchise Opportunities > Franchise Resales > Maine Businesses For Sale > Maine Franchises For Sale > Maine Business Brokers

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