Please ensure Javascript is enabled for purposes of website accessibility Profitable and Stable Optical Business in North of Houston | Transworld Business Advisors Houston UA-80176035-1

Profitable and Stable Optical Business in North of Houston

Listing Number: 76931-840133

Description

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.

BUYER QUALIFICATIONS:
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.

Listing Details

  • Price: $ 260,000
  • Down Payment: $260,000
  • Sellers Discretionary Earnings: $ 122,471
  • Total Sales: $ 415,760
  • Location: Harris County, Texas

  • Inventory: $ 25,000
  • FF&E: $ 55,000
  • Employees: 1
  • Year Established: 2004
  • Reason for Selling: Reduce workload due to health reasons
  • Category: Optical Related
Profitable and Stable Optical Business in North of Houston

Business Listed By:

Austin Zhao, M&AMI, CM&AP, CBI & BCA
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