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Details - Information last confirmed on October 5, 2020
This optical business has served the community at the same location in North Houston since 2004. Located on a busy commercial street. The optical business provides complete general optometric exam services with eyeglasses and contacts lens and some ocular medical visits.
This business has accumulated approximately 15,850 patients in its database, one-third of which are active ones in the past 3 years. Currently, the business served about 1,700 patient each year, 25 percent of them are new patrons each year. Revenue for the 2020 year under the impact of Covid-19 still reflected $415,760 with approximate Seller Discretionary Earnings of $120,778.
The business has been profitable and stable since it was formed by two optometrists in 2004. To expand the business opportunities, the two optometrist owners opened their own separate offices in other two locations in 2014, and in the meantime, have continued to grow the business here in this location. Currently, the business opens 6 days a week. Each of two owners works at this location 2 days a week and contracts a relief optometrist for another 2 days. The relief optometrist has worked here since 2016.
Due to the heavy workload and personal health issue of one owner, they decide to sell the business to lessen the stress.
Excellent opportunity for aspiring ophthalmologist, optometrist, or optician looking to acquire a profitable optometrist business.
According to Texas law, you need to be a licensed optometrist, ophthalmologist, optician, or medical groups that meet some criteria to own a private optometry practice.
This optical business has served the community at the same location in North Houston since 2004. This business has accumulated approximately 15,850 patients in its database, one-third of which are active ones in the past 3 years. Currently, the business served about 1,700 patient each year, 25 percent of them are new patrons each year. The business has been profitable and stable since it was formed by two optometrists in 2004.
Competitive Overview Strengths/Uniqueness:
Provider for vast majority of vision insurances.
Established presence. Been in the same location for 17 years with good size of patient base.
Onsite finishing lab.
Friendly and experienced staff.
Clean and great atmosphere.
Positive reviews from the customers.
Fully equipped facility.
Strong management and loyalty among its customers.
Minimal marketing is done and proactive marketing methods are needed to fully utilize to achieve maximum income potential. Also invest in social media with improve revenue.
They operate basic optometry with little medical. If new owner stress medical and incorporate Optomap and OCT then will increase revenue.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.