A 40-year old established Audiology practice near metro Philly area looking for a new energetic owner to take over. It gets a steady stream of patients from active senior centers across the area. Current owner works for only 2-3 days, and does no advertising, and is still having a net income close to 90K. The practice has very little overheads as the buyer does not need an office space and can work out of a car.
Growth Opportunity For an Energetic Buyer
This presents a turn-key growth opportunity for a more energetic and growth-oriented buyer. The buyer can not only expand to other areas and work full time, but if an audiologist, can offer other services such as balance testing, tinnitus advice etc.
The seller can advise the buyer about the other underserved areas where this practice can be expanded and can help out in the transition.
An ideal buyer could be a solo Audiologist or Hearing instrument specialist willing to work with a business partner or an audiology practice wanting to expand and take up an established revenue generating stream of patients.
Practice is pre-approved for financing.
- Revenue (2017): $168K
- Net Profit (2017): $112K
- Asking Price: $150K
- Reason For Sale: Retirement