Profile: Optometry Practice & Vision Store (33 Years Established).
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Brad Tait, Agent
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| Primary Phone: |
310-372-4772 |
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| Alternate Phone: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
11/13/08 |
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| Date Last Revised: |
11/13/08 |
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| BizBen Ad #: |
76944 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$239,000 |
| Down Payment: |
$239,000 |
| Annual Revenue: |
$234,489 |
| Annual Adjusted Net: |
$71,095 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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A Perfect Practice For A New Doctor Looking To Get Started Or For An Existing Doctor Wanting To Expand Operations. Thirty-Five Years In Operation And The Owner Is Looking To Cut Back And Eventually Retire. One Of The Owner’s Concerns Is That The Client Base Be Properly Transitioned To The New Owner/Operator. As A Result He Is Willing To Consider A Number Of Options When Discussing The Sale/Transfer Of The Business:
• He Is Willing To Sell The Practice Outright To A Qualified Buyer.
• He Is Willing To Consider Taking On A Partner And Transitioning Ownership Of The Business Over A Specified Period Of Time.
• He Is Also Willing To Remain With The Business As A Contract Employee For A Set Period Of Time. This Will Also Help Insure A Successful Transition Of The Client Base To The New Owner.
The Company Has Depended Upon Referrals From Their Existing Client Base And Has Done A Limited Amount Of Marketing. The Marketing Has Been Done Primarily Through ‘word Of Mouth’ Referrals, In-Line Box Listings In Several Yellow Page Directories And The Company’s Web Site.
The Practice Has Approximately 2500 Families In Their Database And Has Provided Services For Over 4000 Patients In The Last Three Years. The Size Of The Patient Database And The Current Owner’s Commitment To The Ongoing Success Of The Practice Would Be Invaluable To The New Owner.
The Offices Are Located In A Retail Shopping Center Located On A Very Busy Corner. The Facility Has Been Recently Remodeled And Has A Comfortable Retail Showroom For The Display And Sales Of Contact Lenses And Designer Eyeglasses And Sunglasses. There Is A Reception Area For Patients Waiting For Exams, An Area For The Administrative Staff With Cubicles, A Records Storage Room, An Office, Restroom And The Examination Room. There Is Also An Extra Room That Could Be Used As A Second Examination Room. The Lease Is Good Until October Of 2010 With An Additional Two 5-Year Options, Taking The Potential Lease Through 2020.
Theis Business Is Priced For A Quick Sale. The Purchase Price Is Based On Two Times The Average Seller’s Discretionary Cash Flow Plus Assets Currently Valued At 36,000 And An Average Product Inventory At Cost Of 50,000.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Brad Tait, Agent at 310-372-4772 |
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