Optometry Practice Featured On TVs
Not Disclosed, MD Howard County
Asking Price:
$2,400,000
Annual Revenue:
$1,316,000
Request More Information Contact the Seller
- RE: Optometry Practice Featured On TVs
- Contact: Majid Zarinbaksh
Quick Facts
| Asking Price: | $2,400,000 | |
| Annual Revenue: | $1,316,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $845,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $80,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2002 | |
| Employees: | 10 | |
| BBN Listing #: | SB-55802 | |
| Broker Reference #: | MONTGMD006-55802 |
Business Overview:
This practice and its unique services have been featured on prime time news of several popular TV channels. Since 2000, this Neuro-Developmental Optometrist has specialized in Developmental Optometry, diagnosing and treating vision problems that interfere with reading, learning, sports, and job performance. Their work helps patients of all ages improve their visual functioning and quality of life. This includes treating Binocular Vision Disorders such as Convergence Insufficiency, Amblyopia, and Strabismus. They also provide visual rehabilitation for patients recovering from concussions, strokes, and traumatic brain injuries. The practice's gross profit is extremely high, with almost all revenue generated from the fee-for-service model they provide. The dedicated team consists of 10 staff members, mainly vision therapists, who have been with the practice for over 10 years. The work is incredibly rewarding and serves as a valuable resource to the community, with patients coming from as far as Pennsylvania, Frederick, the Eastern Shore, Bel Air, and Washington, D.C., for their services. They accept Aetna and BCBS major medical plans, and approximately 20% of their 120 active vision therapy patients are self-pay. The practice averages about 640 vision patient visits per month.Doctor works only 4 days per week.The main driver of income is VT sessions. in 2023 they had a bout 7700 sessions with average of $150 per session.To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Market Competition and Expansion:
The demand and number patients and awareness has been growing nicely.Reason for Selling:
Owner would like to retire and enjoy time with his family but willing to stay on board.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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