Ophthalmology Practice For Sale in South Louisiana with Management in...

Undisclosed Address, Louisiana
Business Opportunity for Sale
Catylist Listing ID: 30868372
Property Subtypes: Health and Medical
Building Size (RSF): 6,800 SF
Sale Price: $1
Gross Revenue: $1,583,077 (Annual)
Cash Flow: $211,486 (Annual)
Cash Flow Type: EBITDA
Last Updated: 4/10/2024

Overview / Comments

Duran Advisors presents an ophthalmology practice for sale in south Louisiana. This clinic has two New Orleans Metro Area locations and offers various services. The business has been successfully operating for decades, demonstrating stability and growth potential. It is also being sold with a full staff and management in place. It is a turn-key acquisition. The current owner is not yet fully ready to retire. However, they would like to divest their ownership responsibilities and work in the business as a doctor full-time. They will stay with the practice for a minimum of 3 years. The included EBITDA figure is after the current practice owner's salary and benefits since they will remain in practice.

This sale represents an ideal acquisition for a medical professional looking to purchase an existing successful practice or an investor looking to enter or expand in the ophthalmology sector. An acquiring doctor could buy the practice and work with the business's current owner while they build their patient base. That owner believes there is more than enough overflow to help keep a second doctor busy. With minimal day-to-day involvement from the current owner, the clinic is also a good fit for a Private Equity group looking for an add-on to an existing brand. The business is efficiently managed by experienced staff, ensuring a smooth transition.

Both facilities are leased, with renewal options available, and are fully equipped with modern medical equipment and technology. One of the offices spans approximately 5,000 sq. ft., while the other location covers around 3,800 sq. ft.

Financially, the clinic has maintained steady revenues despite industry challenges. Upon request, prospective buyers will have access to detailed financial records and a comprehensive 40+ page Confidential Information Memorandum (CIM). The sale includes all furniture, fixtures, and equipment, and the owner is open to discussing financing options.

This structured sale offers a unique opportunity to own and operate a leading eye care clinic in Louisiana. Interested parties are encouraged to act swiftly to capitalize on this rare offering. For further details and to arrange a viewing, please contact Agent Joel Duran, a licensed representative of Duran Advisors. You can reach Joel directly at (504) 321-0196.

2023 EBITDA is $211,486 (with owner vacationing an abnormal six weeks)

2021-2023 average EBITDA is $250,259

Additional Details

Industry Segment: Medical Clinics
Reason for Selling: Retirement
Value of Inventory Included ($): $4,000
Value of Furniture, Fixtures, and Equipment ($): $535,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The monthly rent combined is ~$9,100. They are open leases at the moment with no expiration dates.
Employee/Labor Description: Full-time: 9 Part-time: 1
Mgmt/Training Support Description: The owner will train a buyer for two weeks and then be available by telephone as needed.
Competition/Market Description: In the dynamic healthcare landscape of South Louisiana, particularly the New Orleans Metro Area, the market for ophthalmology practices represents a significant opportunity. This region, known for its diverse demographics and growing healthcare needs, has a steady demand for specialized eye care services. The market is characterized by a blend of established practices and state-of-the-art facilities, catering to a wide spectrum of eye health requirements from routine check-ups to advanced surgical procedures. The opportunity for investors or medical professionals in this market is substantial. Practices like the one offered by Duran Advisors provide a turn-key solution, with well-established patient bases, skilled staff, and modern equipment. This makes them an ideal choice for immediate operational start-up and potential long-term growth. With the New Orleans Metro Area's robust healthcare infrastructure and increasing focus on specialized medical services, entering the ophthalmology practice market here is not just a strategic investment but also a step towards contributing to a vital healthcare service in the region.
Growth/Expansion Opportunities: In the burgeoning healthcare sector of South Louisiana, the growth potential for ophthalmology practices is considerable, especially in the New Orleans Metro Area. This growth is fueled by a combination of demographic trends, including an aging population increasingly in need of eye care services, and a growing awareness of eye health importance. As the region continues to develop, both economically and demographically, the demand for specialized ophthalmological services is expected to rise. This uptrend is further supported by technological advancements in eye care, allowing practices to offer a wider range of sophisticated treatments and procedures, thereby attracting a broader patient base. The expansion potential for existing practices in this market is significant. Practices like the one presented by Duran Advisors are well-positioned to capitalize on these growth drivers. With established operations, experienced staff, and a reputation for quality care, they can easily scale up to meet the increasing demand. Furthermore, the strategic location of these practices in high-traffic areas augments their visibility and accessibility, making them more attractive to new patients. With the right investment and strategic management, ophthalmology practices in South Louisiana are poised for substantial growth, both in terms of patient volume and service diversification.
Seller Financing Description: 100% financing is available to a qualified buyer.

Contact

Photograph of Listing Agent

Joel Duran

Principle Business Advisors Metairie, LA 70055
LACDB Member
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