Listing ID: 73087
High cash flow private two-location optometry practice for sale in Eastern Idaho. Located in one of the best places in the US to raise a family. Normalized Gross Revenues near $1.5 million and Owner Cash flow over $662k per year. Steady growth year-over-year. Multiple exam lanes, state-of-the-art equipment! Wide array of quality equipment, in fact per company management none of the other private practices in the area have the equipment and technology that this optometry practice has. Great opportunity for a group practice, private equity, or OD practice buyer. One of the best opportunities on the market! Both locations have been in continuous operation since the late 80’s. Real estate available for purchase as well!
- Asking Price: $2,800,000
- Cash Flow: $600,000
- Gross Revenue: $1,500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. However, the true reason and the one they tell you may be 2 entirely different things. As an example, they may claim "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or an array of other reasons. This is why it is really crucial that you not count absolutely on a vendor's word, but rather, utilize the vendor's answer together with your overall due diligence. This will paint a much more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that revenue margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new consumers? Often times, businesses have repeat customers, which form the core of their daily profits. Specific factors such as brand-new competitors sprouting up around the location, road construction, as well as employee turn over can impact repeat clients and negatively influence future revenues. One vital thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business often, the better the possibility to develop a returning customer base. A final idea is the basic area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood median family earnings influence future earnings prospects?