Ophthalmology Practice in Michigan
Price: $1,400,000
Annual Revenue: $1,574,000
Net Cash Flow: $496,000
Industry: Health Care
Location: Kalamazoo County, Michigan
Established, well managed eye care practice operating for 20+ years with 10,000 active patients.
This practice serves area communities with a personalized approach and has great reviews as a result.
Many growth opportunities are available to a new owner since this practice is capable of expanding with satellite offices in neighboring communities.
Also, most patients come from word-of-mouth and referrals so marketing this practice will help grow it even more.
PLEASE NOTE: Only buyers with an Ophthalmology license will be considered.
10 devoted employees will stay on, and the real estate is leased. – Seller will stay for a reasonable transition period as well.
Listing Details
Reason For Sale:
The owner is retiring.
Training & Support:
The seller will stay on for a reasonable amount of time to ensure a smooth transition.
Operation
Employees: 10
Location
Facilities Information:
Very nicely updated 7,000 sq. ft. building which is well kept and leased for $10k/mo.
Summary
Competition:
No competition for miles around since they offer a niche medical service (compared to primary medical care).
Potential Growth:
This practice will be easy to expand if the new owner opens satellite offices in other Michigan communities.