Established Optometry Clinic
Gross Revenue: | $1,900,000 |
EBITDA: | $402,000 |
The Company is a multi-doctor private practice optometry clinic located in Colorado. The Company maintains credentials with all primary vision companies and has a robust referral network. The practice expanded doctor coverage in 2023, resulting in an increase to billable patient hours.
INVESTMENT APPEAL
• Superior Name and Reputation: The Company is a well-established, well-known, and highly regarded optometry practice offering comprehensive services. The Company has an excellent reputation in its community with many satisfied patients.
• Multi-Doctor Practice: While the owner works in the office seeing patients three days a week, he is assisted by one other doctor who works four days a week in office. This provides more opportunities to see patients and grow revenue, and also diminishes owner dependence.
• Diversified Customer Base: No single customer accounted for more than 1% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account.
• Health Care Reform: The optometry profession benefits from health reform efforts that seek to improve access to care in nations around the globe. In the US, the federal Affordable Care Act (ACA) defines children's vision care as an essential health service to be offered in school clinics and exempts eyewear and eye care insurance coverage from certain taxes.