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Optometry Practice In Philadelphia For Sale

Philadelphia, Pennsylvania, US
Asking Price:
$275,000 Furniture / Fixtures included
Sales Revenue:
$430,614
Cash Flow:
$178,853

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.
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.
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value: $225,000.00
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.

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Owner worked hours per week: 34
Is Going Concern: Yes
Market 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..

Property Information

Size in square feet:
820

Business Operation

Reasons for selling:

Current owner wishes to retire after transitioning the business.

Employees:
Full Time: 2
Years established:
31

Other Information

Support & training:

Current Dr. of Optometry will transition the business.

Inventory / Stock value:
$10,000