Motivated Seller in NE Sacramento, CA
Single Location - Suburban
Young OD is needing to relocate for spouse's job and would like to sell this established practice to another OD who can provide great eye care to this community for another 40 years. Motivated seller and great opportunity for growth.
This practice has been in the business of over > 20 years.
California
Revenue Less than $500K
Details
Tiffany Chin, OD
Young OD is needing to relocate for her spouse's job and would like to sell her established practice to another OD who can provide great eye care to this community for another 40 years. This practice has been around since 1979, but transferred to current owner in 2019. Old owner owns building and still works at the practice 1 day/week.
Located in Old Town, Auburn, CA about 40 minutes from downtown Sacramento, 60 miles from Boreal Ski Resort and 90 Miles from South Lake Tahoe. Known for its gold rush history and more recently as the "endurance capital of the world" Auburn plays host to the annual Tevis Cup and western states endurance run. Its population of about 19,000 is rapidly growing. Minimal competition from corporate optometry. Perfect location for the outdoor aficionado and small town enthusiast.
This practice currently sees 8-10 patients a day spaced 30-45 minutes apart, 4 days a week. We perform minimal medical optometry, so there is lots of unmet potential as a majority of our client base is geriatric. Practice includes 2 exam lanes with manual phoropters. Older but well maintained equipment and minimal technology. Optos implemented Nov 2021. Practice still uses paper charts - upside is that new owner can choose whichever EMR they'd like.
Very motivated seller. Asking 250k, but open to negotiation. Gross revenue in 2022 - $491K
Practice Information:
Building Size: 1200 square feet
Auburn, California, 95603
Owner Information:
I've owned this practice for over 1 - 5 years.