This well-established Optometry practice is fully equipped with state of the art equipment, making it one of the most complete Optometric facilities in the Twin Cities. It is situated inside of the 494/694 loop in a highly visible location with substantial drive by traffic and ample, convenient parking.
The practice has 5 (five) equipped exam lanes and an impressive list of equipment including Optomap Fundus Photography PERG & VEP Electrodiagnostics, a new Capture OCT, Konan Specular Microscopy, TelScreen Anterior-Segment Videography thru Slit Lamp, all Computerized Video Acuity Charts (5), QuantifEye Macular Screening, and a Crystal EMR System.
Owner’s Cash Flow and Gross Receipts have respectively averaged $250k and $1.3 Million over the past 3 years. This Optometry practice is for sale at $795,000.
2016 proved to be down year for this practice in which revenues dipped to $1.1 Million and Cash Flow dropped to $151k. This was a result of unexpected staff turnover that resulted in lower exam fees and reduced optical sales. The seller believes the staffing issue has been satisfactorily addressed and that 2017 performance should rebound historical averages.

Posted May 20, 2016

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