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Optometry Practice Profile
PLEASE ADDRESS ALL OFFERS AND QUESTIONS DIRECTLY TO SUPREME CONSULTANTS; 818-273-4365
PAUL APPEL- PRESIDENT SUPREME CONSULTANTS (paul.appelsupremelc.net) Supreme Lending Consultants
SELLING PRICE: $575,000
Practice Name: Call for info.
Year Started: 1983 Years at present location: 20 Years under current ownership: 24
Did current owner start the practice or purchase existing? Started in practice
Other optometric practice locations owned by current owner: N/A
Number of Lanes: 3 Is there room for expansion: yes, next door
Routine Exams Glasses/Contacts 100%
List any specialty services offered: Specializes in contact lenses
Services (if any) that are outsourced: outside lab used for lens preparation
Average procedure Charge: $205
Does the office utilize a Practice Management system? Yes
Name of System: Compulink
Available upon request:
Production by Provider for The past 12 months
Production by procedure for the past 12 months
Accounts Receivable Aging Report
Accounts Receivable by Payor
What Accounting System do you utilize? Quickbooks
Insurance: Medicaid/Medicare: Cash/Fee for Service: Other:
Number of Active Patients on File: 10,000 Average new patients per month: 25
Amount required by state: $4,000,000 Amount Carried: $4,000,000
Are there any outstanding prepaid services (yes/no)? No How Much? $__N/A_______
Primary Sources of Referral:
Advertising: Other Patients: 40% Other Doctors/Clinics: Other: Insurance 55%
Practice Location and Building:
Briefly discuss the location and area in which you service: The practice services the immediate areas of La Mesa, San Carlos, Del Cerro and the College Area. These are considered nice areas with good schools. The apartments and condominium areas are well maintained. Because we are near the freeway, many of our patients who have moved out of the area, stay with us and travel 20+ miles to our office.
Square Footage: 2700 sq. ft. Currently leased? Yes
If building/land being sold, please estimate price: N/A
Total Monthly Rent: $5,700 Lease “Guaranteed Renewal” clause will not be a problem. Standard lease versus a Triple Net Lease will be considered. Sub-Leasing agreement for Peterson will be required for next 2.5 years.
Current Personnel: Because the practice has extended hours, all the employees have to cross-train basic tasks including reception, pones, insurances, work-ups, special testing, contact lenses, optical dispensing, medical software, and more. Supervision/quality control of key areas is assigned to individuals.
Supreme Lending Consultants a division of Supreme Products, USA