Details - Information last confirmed on May 7, 2021
The practice, is a Therapeutic Optometrists/Optometric Glaucoma Specialists clinic. The practice performs routine eye exams and manages and treats various types of ocular disease.
· Great reputation with a loyal patient base
· 90 day guarantee to adjust eyewear or patients are fully refunded, exceeding industry standard
· Strong balance sheet with very little debt
· Highly efficient workflow enabling minimal wait times for patients
· Roughly 70% of business from repeat patients
· Despite COVID-19 disruption on track to have best year relative to revenue in 2021
· Strengthen referral network within the eye care market
· Extending insurance acceptance capabilities in order to serve a greater patient pool
· Potential consolidation in the eye care space presents significant possibilities for cross selling
· Opportunity to leverage a strong local brand with increased marketing efforts
· Build out staff in order to increase services offered
Flower Mound, TX, Denton County
The practice’s primary geographic market is the greater Flower Mound, Texas area. Its client portfolio consists of a wide demographic range that includes young children to older adults
The practice operates from a 3,250-square-foot facility leased from a related entity held by the owners. The premises is available for lease to new ownership
The practice’s two partners are equal shareholders and are seeking a more balanced lifestyle. They are open to various deal structures that would allow the practice to grow to the next level, particularly through a strategic partnership
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