Business Overview

Highly successful and well-priced private optometry practice for sale in Iowa. Over $1.3M in gross sales and over $320k in owner’s discretionary net income. This beautifully outfitted office is located within a professional medical/hospital setting which benefits the practice as patients can schedule appointments with multiple physicians during their visit to the center. The practice staffs 2 doctors, 2 opticians, a technician, billing clerk, and receptionist. The buyer will benefit from the long-tenured, expert staff; additionally this clinic has provided local eye care for over 60 years. The 3 most tenured employees have been with the practice for more than 25 years. The sale includes all the medical equipment including 4 full refracting lanes. This is a great optometry practice available in the most desirable area of Iowa. The quality of life is unsurpassed in this community. This is the perfect opportunity for a licensed optometrist to walk into an established and highly respected practice. A rare private practice located in an area with limited competition from other optometry practices. Perfect consolidation or opportunity for private equity or a group practice; expansion opportunity for existing practice owner; or acquisition opportunity for an OD seeking independence and professional freedom.

Financial

  • Asking Price: $750,000
  • Cash Flow: $350,000
  • Gross Revenue: $1,350,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Additional Info

The real estate is leased by the company for $2,700 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. Nevertheless, the real reason and the one they tell you may be 2 totally different things. As an example, they might state "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or an array of other factors. This is why it is extremely vital that you not depend entirely on a vendor's word, however instead, utilize the vendor's answer in conjunction with your general due diligence. This will repaint an extra practical image of the business's present situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover points like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that revenue margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new consumers? Often times, operating businesses have repeat customers, which form the core of their daily revenues. Certain aspects such as new competitors sprouting up around the location, road construction, and personnel turn over can affect repeat clients and also adversely affect future earnings. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the higher the chance to develop a returning client base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local typical home income effect future earnings prospects?