Thriving Ophthalmology Practice for Sale in Southwest Louisiana

Louisiana

Seller Financing Available

Asking Price:	$425,000
Gross Revenue:	$726,209
FF&E:	$200,000

Cash Flow:	$119,603
Rent:	$7,758/Month
Established Year:	1956

Listing ID: 2229693Listing provided by BizBuySell

BUSINESS DESCRIPTION

Established Practice Newly Available, Seeking Successor

This legacy ophthalmology practice has been successfully operating for 50+ years providing a comprehensive array of eye care services tailored to meet the distinct needs of each patient. The current owner has dedicated over four decades to correcting, safeguarding, and restoring vision for countless individuals performing over 50,000 eye surgeries addressing a diverse range of conditions and injuries. The practice draws patients from a 60-mile radius, underscoring its appeal and influence in the region.

This is a turn-key acquisition, and the current owner is not yet fully ready to retire. However, they would like to divest their ownership responsibilities and work in the practice as a part-time provide ensuring a smooth patient transition.

This practice represents an ideal opportunity for a fellowship trained glaucoma or diabetic retinopathy specialist
or ophthalmologist looking to purchase an existing successful practice. Due to the substantial volume of cataract surgeries that the current owner was performing twice a week, the practice is referring out numerous surgical cases per year which could be brought in house and significantly increase the profitability. Upon request, qualified prospective buyers will have access to detailed financial records and a comprehensive 20+ page Confidential Information Memorandum (CIM).

The sale includes all furniture, fixtures, and equipment, and the owner is open to discussing financing options.

DETAILED INFORMATION

Location

Louisiana

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

4,831

Lease Expiration

28/02/2025

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Single level 4,831 SF medical office. Facilities include 1 waiting room with 20 chairs, reception area, 6 exam rooms, auto clave room, 1 procedure room, biohazard room, 1 staff lounge, 1 storage closet, and 4 restrooms. The building has 30 dedicated parking spaces. Zeiss Visuref 100, Zeiss Atlas, Zeiss Visulens 500 Lensometer, Zeiss IOL Master 700, Zeiss OCT 5000, Zeiss Clarus/Angiographer, Zeiss Humphrey Field Analyzer 3, Topcon Microscope, Zeiss Visulas YAG 3 Laser, Alcon Knife Micrometer.

Competition

This practice stands out as a beacon of opportunity in SW Louisiana, boasting a unique position in the market with limited competition. Under the leadership of the current physician owner, renowned for his expertise and dedication to excellence, the practice draws patients from a 60-mile radius, underscoring its appeal and influence in the region.

Growth & Expansion

Due to the substantial volume of cataract surgeries that the current owner was performing twice a week, the practice is referring out numerous surgical cases per year which could be brought in house and significantly increase the profitability. Additionally, there is opportunity to expand its service offerings to include specialized procedures such as corneal transplants, brow, and lid lifts, and selective laser trabeculoplasty (SLT's).

Financing

$150,000 to a qualified physician buyer on approved credit.

Support & Training

Seller will provide up to one year transition period working part-time to assure a smooth transition. Compensation, and schedule by mutual agreement.

Reason for Selling

After a long successful run, the owner is ready to retire in the next 1-2 years.

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