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Businesses For Sale   >>   Washington Businesses For Sale   

Optometry Practice For Sale

Location  Washington County, Rhode Island, United States
Asking Price Range  $250K - $500K
Gross Revenues  $0
Net Profit / Cash Flow  $181658
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1983
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Owned
Training  Yes
Reason for Sale  Retirement

Description  
This beautiful growing practice is located in a lovely seaside community with a highly educated and affluent population. The turn-key practice is state-of-the-art with the latest technology and up-to-date equipment. Practice is situated in a professional building and surrounded by doctors, dentists, lawyers, and other professional service providers. The 1,350 square foot office consists of 2 exam lanes, pre-testing room, lab, large optical dispensary, and business office. The office is accented with beautiful hard wood floors throughout, skylight in dispensary area, central air and heat, and a security system. The practice has been serving the surrounding communities for over 30 years currently averaging 1500 refractions per year with appointments booked 1-2 weeks in advance. The retiring owner OD currently works 31 hours per week taking additional days off throughout the summer. A buyer can increase income substantially by adding additional OD hours and less time off. Owner is willing to assist in buyer's successful transition. Owner is also offering real estate for sale to a qualified buyer of the practice. Price: $286,000; 100% Bank Financing Available Cash Flow*: 2013 2012 2011 $181,658 $178,222 $137,939 * 2014 Revenues through June 30th surpass 2013 revenue for the same period. Listing Broker: Peter Almonte, JD Visionary Practice Group LLC Phone: 877-268-8881 ext: 701 Reference #: #OD489264RI


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