Optometry Practice In High Traffic Area
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $380000
Net Profit / Cash Flow $380000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Pursuing other interests.
Description This Optometry practice for sale is located in the heart of the bay area. The practice has been established 9 years and is located on a main street downtown shopping strip with heavy foot traffic. The area is in the midst of revitalization and has attracted major tenants in the last 6 months. The office is 1,000 sq ft and has 2 lanes, business office, consultation room, etc. Office is fully computerized with EMR system. Seller wants to pursue other interests and is asking $250,000; includes $60k in inventory! The projected gross in 2009 is $386k, in 2008 was $329k, and in 2007 was $318k. There are 250 patients seen per month and 75 are new. The payment consists of 80% Insurances, (70%) VSP, and 20% Cash. There is 1 receptionist and 1 Optician what work in the practice. The languages spoken are English, Vietnamese, and Spanish. The office is open Monday ƒ? Friday 9:30-6:30, and Saturday 9am-2pm. Seller works 3.5 days per week
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