Posted: Sep 7, 2024

PRIVATE PRACTICE FOR SALE in Central Connecticut

PALMER EYECARE CENTER - East Hampton, CT
Full-time
Application Deadline: Sep 30, 2024
Practice For Sale

OWN YOUR FUTURE

Why work for others when you can work for yourself at a much higher pay?

We are a 78-year-old, 2nd generation well established, medical model, private optometric practice in East Hampton, Connecticut ready to transition to a new owner.

It’s a turn-key, ground floor modern office in a terrific location (not a storefront or strip mall) on the busiest intersection in the area, fully credentialed with most insurance companies, has two opticians/techs, two front office cross-trained staff and one exceptional office manager/billing guru. We have three exam lanes with two pre-test/specialty testing rooms, EIDON high resolution widefield imaging, OCT and all of the rest of the toys you would expect at a medically oriented office. We are a contact lens specialty office (lots of toric and multifocal patients) with most patients coming in annually for their exams (which translates into TWO exam fees for ONE patient). We have fully configured contact lens trial lens inventories including just about every lens you’ve ever heard of and some you haven’t. We can achieve terrific vision with contact lenses for just about everyone. The optical dispensary has about 1,500 frames available for patients to try on. And we have 15,000 - 20,000 patients in our office management system. Annual revenue averages $1 million. And a very good take home net (35-40%). We also own the building which has several other tenants and will be available in the future if you want to capture that revenue stream.

East Hampton is a wonderful small town near Middletown about 25 minutes from Hartford with no competition within 8 miles. Patients have been returning to our office for generations.

The owner OD wants to cut back to a couple days a week while guiding and mentoring his successor. We currently only work 4 days a week (Thursdays off), between 32 and 38 hours seeing about 15 patients a day. No Saturdays, unless you want them. We see patients of all ages, typically from 4 to 102 (that’s our record!) for all sorts of refractive issues including issues with binocularity requiring prism, dry eyes, foreign body removal and the diagnosis and treatment of every conceivable condition that patients present with.

If you want to be a contract employee at a corporation or chain working 40-60 hours a week, somewhere where no one will ever remember your name, and always be at the mercy of your supervisor, this is not for you. We make our own hours, set our own vacations and have a wonderful time interacting with our patients, who return year after year. We want them to enjoy coming to see us as much as we enjoy enhancing, safeguarding and protecting their vision. We change people’s lives for the better every day.

Our motto is "We Solve Vision Problems". Our mission is to protect our patients' vision throughout their lives. Our patients appreciate that. The practice has typically had 2 full time ODs working. One has retired so there is a lot of room for a new OD to grow the practice.

Please let us know if you are interested. This is an opportunity to own your own private practice. We want you to succeed. We can help you make it happen. We've done all of the work to grow the practice, attract the patients and get paid very well. Choose to work for yourself and not as an employee under contract. Private practice gives you the best control over your life and quality of life. You make the decisions. You take your vacations when you want to. You are the boss. This office already has experienced personnel running optical, insurance, scheduling and billing. You do not have to reinvent the wheel. You just have to be the doctor, oversee operations and see patients, who are booked out more than a month. The senior doctor will be there to guide and mentor you, if you want. Best of all, the practice is affordable with numerous financing options. This is a terrific opportunity for an OD have their own successful practice. You just have to take the first step and contact us.

Check out our website at www.palmereyecare.com or on Facebook at www.facebook.com/palmereyecare . My email is [email protected] . Check us out today. It's worth a visit. If this ad is still here, the practice is still available.