State:
New York
Category:
Optometry & Ophthalmology
Asking Price:
$830,000
Revenue:
$530,000
Company Overview
PRIME exits and American Healthcare Capital are pleased to announce a long-time family-owned practice for sale in upstate New York. Founded over 30 years ago in upstate New York, this family-owned and operated, full-service optical store specializes in providing a well-curated selection of the world’s best and most highly desirable eyewear brands. The company provides a full range of vision care services, such as comprehensive eye exams by a board-certified optometrist, expert eyeglass and contact lens fittings, and a full-service onsite optical lab. The company’s location allows them to service Schenectady, Saratoga City and Albany County.
Financial Overview
The payer mix is 85% Insurance patients and 15% private pay. In 2020, the total revenue was $492,000. In 2021, they achieved significant growth and ended the year with $684,700 in total revenue (28% increase from the prior year). The company ended 2022 with $528,500.00 in Revenue and so far, 2023 has started off strong, and they are looking forward to another great year. The stores maintain an Inventory level of $42,000, which is included in the purchase price.
Asking Price
The asking price for this opportunity is $830,000 dollars, which includes approximately $42,000 in Inventory.
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2. Sign NDA with Listing Code:
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Listing Code:
NYMD1B
Listing Title:
$530,000 Revenue, Growing Optical Practice in Upstate New York
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