Listing ID: 71415
BUYER SHOULD IDEALLY HAVE LASEK / LASIK EXPERIENCE OR BE AN EXISTING EYE CENTER THAT WANTS TO ADD LASEK. This is not an ideal purchase for a general optometrist or optician.
Number 1 Business Broker is proud to present this HIGHLY PROFITABLE doctor’s office specializing in laser vision correction, including laser suite to perform
LASEK, including book of current recurring patients (cornea patients) as well as
database of 20,000 past patients we have lasered who are happy, come back every
year for their annual eye exams, and can refer future patients.
We are the only LASEK center in the USA, so can treat most patients who don’t qualify for LASIK, as well as those who do. Our patients pay a premium over LASIK of 25-100% (depending on their pricing) for a safer procedure that avoids the dry eyes and night glare that can happen after LASIK.
Property is also owned by the seller and can be leased to the new buyer OR owner WILL SELL the property with the business for fair market value (Est. $3 – $4 million).
This is a brand new listing and a VERY rare sale.. Priced very fairly and expected to sell quickly, contact us now. CLICK ON THE “CONTACT SELLER” BUTTON TO REQUEST AN NDA, OFFERING MEMORANDUM AND ALL FINANCIALS.
- Asking Price: $2,000,000
- Cash Flow: $1,000,000
- Gross Revenue: $1,500,000
- EBITDA: N/A
- FF&E: $500,000
- Inventory: $650,000
- Inventory Included: Yes
- Established: 1998
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Type of Location: ground floor doctor’s office w small ASC (laser suite) in commercial coop Facilities Description: VISX Star 4 SR laser surgical instruments, stand, autoclave epikeratome CXL machine ultrasound pachymeter Orbscan CustomVue Wavescan 2 full "lanes" including slit lamps, chairs, stand, phoropter 5 computer stations w telephony phones printers, misc office equipment and furniture
Willing to train the new MD for 1 month, and also the new salesperson on SEO, PPC, etc, also for 1 month.
There are NO OTHER LASEK CENTERS IN THE USA! All other eye MDs performing LASIK in the tri-state area (about 100) All other LASIK centers within a 1-hour drive (about 10). Our patients pay a premium over LASIK of 25-100% (depending on their pricing) for a safer procedure that avoids the dry eyes and night glare that can happen after LASIK
Currently, the salesperson job is empty, which has decreased gross and net profits by 50%. Could rehire salesperson to expand business.
The company was established in 1998, making the business 24 years old.
The deal does include inventory valued at $650,000, which is included in the suggested price.
The company has 3 employees and is situated in a building with approx. square footage of 5,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. However, the real factor and the one they tell you may be 2 totally different things. For instance, they may say "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a variety of other reasons. This is why it is extremely crucial that you not rely totally on a vendor's word, yet instead, use the seller's response combined with your general due diligence. This will repaint a much more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover items such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that revenue margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new customers? Often times, operating businesses have repeat consumers, which create the core of their everyday earnings. Specific elements such as new competitors sprouting up around the location, road building, and also employee turn over can influence repeat customers as well as negatively influence future incomes. One important point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the possibility to construct a returning customer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local mean home earnings influence future earnings prospects?