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$530,000 Revenue, Growing Optical Practice in Upstate New York

State: 

New York

Category:

Optometry & Ophthalmology

Asking Price:

$830,000

Revenue:

$530,000

Listing Code:

NYMD1B

American Healthcare Capital is 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.

The store is approximately 1,200 square feet, and the building is owned by the sellers. They intend to rent the space to a new owner via a triple net lease with terms and conditions to be determined. The store is clean and bright, with the majority of the merchandise available in open displays for customers to try on their own. The staff is well trained and provides individual personal shopping assistance with brand knowledge and style.

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.

The asking price for this opportunity is $830,000 dollars, which includes approximately $42,000 in Inventory.

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