Southern Iowa Comprehensive Ophthalmology Solo Practice for Sale. Owner generates $1.9M on 18 hours work per week.
Great Opportunity for Growth & Expansion
Our well-established, solo ophthalmology practice in Southern Iowa is available for acquisition.
This practice has been serving a vast 100-mile drawing area for over 32 years, offering comprehensive ophthalmology care. We are a word-of-mouth referrals practice with 20,000 patient records. We do not advertise.
Practice Highlights
- $1.9M Gross Revenue 2024 – Current owner works 4 half days per week (3 half days in clinic, and one-half day per week in surgery)
- 550 cataract surgeries per year is our average.
- 100% Pathology – The incoming owner will see a variety of cases, with opportunity to expand services into Peds, Plastics, and Cornea.
- Room for significant growth.
- 1,500 Injections Annually – Stable, recurring revenue stream.
- 4000 sq.ft. Leased Office with Optical – Fully equipped and efficiently designed workspace.
- ASC, just minutes away.
- Five Experienced Employees – Dedicated staff ready to support a new owner.
- Hard Assets Valued at $500K – Including all necessary equipment to continue operations seamlessly.
Excellent Growth Potential
With the current owner working limited hours (Clinic, Monday, Wednesday, Thursday and surgery on Tuesday mornings), a full-time owner could dramatically increase revenues. Additionally, integrating subspecialties such as Pediatrics, Plastics, and/or Cornea could bolster revenue even further.
This is a rare opportunity to take over a thriving high-volume practice with built-in patient demand and immense growth potential. Don’t miss your chance to step into a profitable and well-established ophthalmology practice in Southern Iowa!
Financials & Terms
- Revenue, 2024 of $1.9M on 18 hours of work per week.
- Hard Assets of $500K
- Appraised at $1.4M (Approximately 3X EBITDA)
- Asking Price: $1.4M
- Serious Inquiries Only – NDA available for qualified buyers.
Contact:
For more information regarding this ophthalmology practice for sale, please contact Mr. Basil Morgan at bmorgan@burnsfostereyes.com.
Or reach out to Drew Caldwell of OjO Recruitment Agency (formerly OjO, Ophthalmology jobs Online). Mr. Caldwell’s email address is Drew@ojorecruitment.com.
All inquiries are confidential and there is no cost for ophthalmologists and optometrists who are searching for positions.
OjO is one of the nation’s most established eye care recruitment services. We’ve been helping ophthalmologists and optometrists find great jobs and partnership positions with practices nationwide for 17 years. We’d love to help you too!
bouchey