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Ophthalmology Practice In Southwest Louisiana For Sale

Louisiana, US
Asking Price:
$425,000 Furniture / Fixtures included
Sales Revenue:
$726,209
Cash Flow:
$119,603

This legacy ophthalmology practice has been successfully operating for 50+ years providing a comprehensive array of eye care services tailored to meet the distinct needs of each patient. The current owner has dedicated over four decades to correcting, safeguarding, and restoring vision for countless individuals performing over 50,000 eye surgeries addressing a diverse range of conditions and injuries. The practice draws patients from a 60-mile radius, underscoring its appeal and influence in the region.

This is a turn-key acquisition, and the current owner is not yet fully ready to retire. However, they would like to divest their ownership responsibilities and work in the practice as a part-time provide ensuring a smooth patient transition.

This practice represents an ideal opportunity for a fellowship trained glaucoma or diabetic retinopathy specialist
or ophthalmologist looking to purchase an existing successful practice. Due to the substantial volume of cataract surgeries that the current owner was performing twice a week, the practice is referring out numerous surgical cases per year which could be brought in house and significantly increase the profitability. Upon request, qualified prospective buyers will have access to detailed financial records and a comprehensive 20+ page Confidential Information Memorandum (CIM).

The sale includes all furniture, fixtures, and equipment, and the owner is open to discussing financing options.

Property Information

Real Estate:

Lease

Lease Terms:

Lease Expiration: 2/28/2025
Rent: $7,758 per Month

Location:

Southwest Louisiana

Premises Details:

Single level 4,831 SF medical office. Facilities include 1 waiting room with 20 chairs, reception area, 6 exam rooms, auto clave room, 1 procedure room, biohazard room, 1 staff lounge, 1 storage closet, and 4 restrooms. The building has 30 dedicated parking spaces. Zeiss Visuref 100, Zeiss Atlas, Zeiss Visulens 500 Lensometer, Zeiss IOL Master 700, Zeiss OCT 5000, Zeiss Clarus/Angiographer, Zeiss Humphrey Field Analyzer 3, Topcon Microscope, Zeiss Visulas YAG 3 Laser, Alcon Knife Micrometer.

Size in square feet:
4,831 SF

Business Operation

Expansion Potential:

Due to the substantial volume of cataract surgeries that the current owner was performing twice a week, the practice is referring out numerous surgical cases per year which could be brought in house and significantly increase the profitability. Additionally, there is opportunity to expand its service offerings to include specialized procedures such as corneal transplants, brow, and lid lifts, and selective laser trabeculoplasty (SLT's).

Competition / Market:

This practice stands out as a beacon of opportunity in SW Louisiana, boasting a unique position in the market with limited competition. Under the leadership of the current physician owner, renowned for his expertise and dedication to excellence, the practice draws patients from a 60-mile radius, underscoring its appeal and influence in the region.

Reasons for selling:

After a long successful run, the owner is ready to retire in the next 1-2 years.

Employees:
8
Years established:
1956

Other Information

Support & training:

Seller will provide up to one year transition period working part-time to assure a smooth transition. Compensation, and schedule by mutual agreement.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$150,000 to a qualified physician buyer on approved credit.