This highly successful business was originally established in 1968 and has a well
documented trading history. The practice has been in the present owner’s hands since
1991 and during this time it has developed a loyal patient base, generating the majority of
its income from private work and contact lenses. The practice is situated in a large
freehold building which is also for sale.
Sales to year end 2005 are in line with previous years and are in the region of £125,000.
Gross profit margins are around 75%. There are currently over 8000 patient records and
the practice also carries out a large number of domiciliary visits. The current number of
refractions annually are in the region of 1500. Because of its low overheads and high
profit margin the practice can generate almost a full time salary on only 3 days testing.
The practice is efficiently run by one full-time receptionist, who also assists in frame
selection, contact lens handling appointments, frame adjustments and repairs, as well as
routine administration. The gross payroll for the last trading year is £14000.
The premises are freehold and extend to three floors. The local trading area comprises
several dentists, Accountancy firms and Solicitors as well as two Medical Centres. There
is ample free parking both outside the practice as well as in the surrounding streets.
The practice is well presented in a professional yet relaxed style. The main consulting
room leads directly off the reception area, and is equipped with the usual refraction
equipment, as well as a slit-lamp, keratometer, corneal topographer, Field screener,
PT100 non-contact tonometer and Nidek digital fundus camera.
The practice boasts a private dispensing room, adding to the air of professional care and
attention the practice prides itself upon. Fitted with Cherry wood units, the frames are
displayed on clear rods. Windows open out onto an enclosed courtyard area.
To the rear of the ground floor is a large filing and storage room, which also at one time
held a glazing lab. Work benches, electrics and plumbing are still in place - a new lab
could be easily installed.
On the first floor there are further rooms used for administration, contact lens handling
appointments and a second consulting room.
The second floor comprises a self-contained flat with kitchenette, bedroom and
bathroom. This could be rented for additional income or the first and second floors could
be made into a comfortable home for the owner.
The practice is open four and a half days a week, with testing between two and three
There is a high degree of patient loyalty, many patients having been with the practice for
many years, and many now bring their children as their parents brought them as children.
The owner now wishes to retire from optics to pursue other business interests.
This is an excellent opportunity to acquire a successful and proven business for a modest
outlay. The practice could be developed further by expanding sales through increased
optometric cover as well as adding other services such as therapeutics. The size of the
premises offers the potential further by possibly offering other specialised alternative
Offers are invited for the practice in the region of £60,000, with the freehold also
available at £145,000. Alternatively a suitable lease could be arranged.