Profitable Optical Practice for sale because current optician wants to retire after 30 years. Located in a thriving neighborhood with a strong community ethic in Northeast Philadelphia, it has multiple patients who make appointments far in advance. The location of the practice which is owned by the seller is also for sale. The current owner Optician will transition the practice ideally to another Optician. Since the current practice is open only 4 days a week, an acquirer can easily expand the business.
Financial Information
$275,000
Asking Price
$178,853
Cash Flow
$430,614
Gross Revenue
Business Location
City:
Philadelphia
State:Pennsylvania
Reason for Sale
Current owner wishes to retire after transitioning the business.
Detailed information
Year Established:1993
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 2
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:34
Inventory Included: No
Inventory Value:
$10,000
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$225,000
Building Size: 820
FF&E Included?: Yes
FF&E Value: $0
Training/Support
Current Dr. of Optometry will transition the business.
Facilities
All equipment needed to operate the business is included in the sale. In addition, client files which contain patient records, contact information and records of services performed are included.
Market Outlook/Competition
Since the current practice is open only 4 days, an acquirer can easily expand the business by adding hours to the existing days and adding additional days..
Real Estate Description
Condominium which is a one story facility where the business is located will be sold separately from the sale price of the business. The facility has two exam rooms, a reception area and waiting room plus additional areas.
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