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Asking Price$125,000
Revenue$438,432 Established1968
Cash Flow$131,602 Employees1 full, 4 part
FF&EUndisclosed FranchiseNo
Inventory$26,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This established practice is located in Baldwin, WI, approximately 30 minutes away from the Twin Cities eastern metro area.  The well-equipped facility features a warm and inviting reception area & dispensary, 2-1/2 exam rooms, a pretesting room, and a CL room.   While the practice maintains a stable and loyal patient based, it has recently experienced a healthy increase in the number of new patients.  The owner/OD currently works 3-1/2 to 4 days per week.  The nearest optometric practice competitor is nearly 20 miles away!  Owner's cash flow in 2015 was over $131k and revenues exceeded $438k.  2016 Cash flow and revenues are both up over 2015.  The practice is offered for sale at $125,000 (which is less than 30% of revenue) and includes $26k of inventory along with all furniture, fixtures, equipment, and supplies.  
    The owner recently entered into an agreement to sell the building that houses the practice.  So the practice will need to be relocated by the end of 2017.   As such, the asking price reflects the owner's understanding that the buyer will incur certain costs to move the practice.  Bank financing is available for 100% of the Practice purchase price to a qualified OD/buyer.   This is a great opportunity for an Optometrist looking to establish his/her own practice or an existing Optometry practice looking to add another location.  For more information, contact Randy Krivo, Sunbelt Business Broker - Practice Sales Specialist. (612) 843-0075.  rkrivo@sunbeltmidwest.com
    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.
Seller Financing:Bank Financing for 100% of Purchase Price to Qualified OD Buyer
Sale Reason:Retirement
Ad #88287
Seller Reference #MINNEMN003-N1456
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