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Price Reduced on a Well-Established Optometry Practice and Optical For Sale. Over $133k in Cash Flow

Financial Information

  • Asking Price: $169,000
  • Gross Revenue: $192,691
  • Cash Flow: $119,804
  • Down Payment: 0
  • FF&E (Not Included): N/A
  • Inventory: $45,000
  • Financing: Yes

Business Location

  • St. Paul-Minneapolis-Twin Cities
  • Minnesota
Primary Business Category: Health Care and Social Assistance

This a terrific opportunity for an O.D. looking to own their first practice or for an existing practice to expand by adding a new location. . The practice has been around for over 45 years, it has a wonderful reputation and business has never been better! . It is located in lovely community less than 30 minutes from for the Twin Cities Northeast metro area. The new owner can either live in or near the community or easily commute from the Twin Cities. . 1,107 sq. ft. space in a prime location featuring 1 exam lane, CL room, and a spacious dispensary offering a unique and wide assortment eyewear frames. . Great patient satisfaction and loyalty translates to a big percentage of their business coming from word of mouth and referrals. . 2020 Revenues and Owner's Cash Flow were $192K and $119k respectively (over $133k with the Real Estate). . $45k of Inventory and all the Furniture, Fixtures, and Equipment are included in the sale price of $169k. . Building available for sale at a separate price of $136k... never pay rent again! . Bank financing available for 100% purchase price to a qualified O.D. buyer. For more information, contact Randy Krivo, Sunbelt Business Broker - Practice Sales Specialist. (612) 843-0075. [email protected] If you are looking to buy an Optometry practice, sell an Optometry practice, or would like an Optometry practice valuation, contact Randy Krivo, Minnesota and Western Wisconsin's Optometry practice sales specialist, to schedule a confidential and complimentary consultation.


Financing Comments

Bank Financing for 100% of Purchase Price to Qualified Buyers


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 1974
  • Franchise: No
  • Year Acquired: 1988
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Real Estate Asking: $136,000
  • Fulltime Employees: 1
  • Part time Employees: 0
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 1107 sq ft
  • Monthly Rent: N/A

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Business Listed by

Sunbelt Minneapolis

Contact:
Office Phone: 612-455-0880
Mobile Phone:
Listing ID: MINNEMN003-N1907

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