Greater Boston, MA - Optometry Practice for Sale
This 36 year old optometry practice is located in the Boston area of Suffolk County, Massachusetts on a main highway in a retail shopping center with high visibility, traffic, and onsite parking. Median household income in this area is higher than state and national median household income. The retiring owner has built a strong brand and goodwill having been voted one of Boston Area's ''Top Doctors'' for many years who is very willing to assist and mentor a buyer transitioning into the practice.
Average gross revenues exceed $320,000, with Owner working 30 hours per week or less and taking excess vacation time. 2014 fiscal year gross revenues exceed 2013 gross revenues by about 5%. Take advantage of a rare opportunity to buy a practice from a retiring doctor that is growing!
The Office is spacious and clean with approximately 2,000 square feet, including: 1 exam lane (2nd possible), contact lenses room, reception area, closets, business office, private office, repair lab, optical dispensary. There is a full team of loyal dependable office staff, most of which are long term employees.
The practice accepts all major health insurances. Insurance payments accounted for 32% of gross income, and patient payments accounted for 68% of gross income.
Significant growth income potential for an ambitious doctor willing to work more OD hours and take vacation time similar to that of a full-time OD. Additionally, cost reduction opportunities are possible in certain areas which would result in increased net income.
Asking price: $124,000
100% Bank financing available. Seller will consider partial financing for qualified candidates.
Listing Brokers: Erik Ferjentsik, MBA and Peter Almonte, JD
Visionary Practice Group LLC
Phone: 877-268-8881 ext: 2