Optical Office In Waterloo Iowa For Sale

Business description

Owner retiring. Great opportunity for Optometrist for the price. Has everything a doctor needs except some lane equipment. Turn-key optical practice for sale in Waterloo, IA. 2,000 sq ft leased location in a busy strip center area. Gross revenue $200,000-$230,000 a year (No exam fees included in revenue figure). Business has been in practice since 1965 with 8,000 plus active customers. Stock single vision lenses, two Essilor edgers, all lab equipment necessary to edge all lens materials, $20,000 frame inventory.

Property information

Real Estate:

Lease

Lease terms:

2 Years left on lease. 5 yr option (14.00 Sq Ft.)

Leasehold rent:

$2,100 @ Month NNN per sq ft per annum

Location:

3628 Kimball Ave. Waterloo, Ia. 50702. Next to McDonalds and Subway

Premises details:

Strip Mall 2,000 sq ft.

Size in square feet:

2,000 sq ft.

Other information

Competition / Market:

Opthomologist practice 5 Blocks away. Includes 3 OD's and 3 MD's of which we receive RX's Wolfe Eye Clinic close by.

Support & training:

Owner to stay on 3 months at no salary part time. Office manager to stay on full time at an agreeable salary.

Reasons for selling:

Owner Retiring. Also loss of Optometrist.

Trading hours:

Mon, Tue, Fri 9:00 till 5:00
Wed, and Thur 9:00 till 5:00
Sat 9:00 till 12:00 Fall and Winter Closed Spring and Summer

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

$30,000 Down Balance in Monthly Installments at 5% Interest. To Be Paid in Full in 48 Months

Furniture / Fixtures value:

$37,000 (included in the asking price)

Inventory / Stock value:

$20,700 (included in the asking price)

Website:

www.actonoptical.com