105 N Main St North Syracuse
ESTABLISHED OPTOMETRY PRACTICE FOR SALE | 8.20% CAP | 2,244 SF
Marketing description
Rare opportunity to acquire a thriving optometry practice with nearly three decades of success in a prime North Syracuse location. This well-established practice demonstrates exceptional financial performance with consistent year-over-year growth and strong cash flow. Complete with state-of-the-art equipment, experienced staff, and a loyal patient base, this turnkey operation offers an ideal opportunity for an entrepreneurial optometrist or strategic buyer.
HIGHLIGHTS
Well-maintained commercial property built in 1950 with modern upgrades
Prime visibility on North Main Street
Ample parking for patients and staff
8.2% market cap rate representing strong investment potential
FACILITY & ASSETS
2,244 sq. ft. modern office/retail space
Comprehensive diagnostic equipment suite including digital refraction system, retinal imaging equipment, and visual field analyzer
Extensive inventory of optical frames and contact lenses
Electronic Medical Records
Business Investment Opportunity
The successful optometry business is available as part of the portfolio for $675,000:
29 Years of Excellence: Established in 1996 with continuous operation and growth after taking over the business that was established here for 37 years.
Prime Location: High-visibility storefront on North Main Street
Turnkey Operation: Comprehensive inventory of diagnostic equipment and retail displays
Stable Workforce: Experienced administrative and technical support staff
Growth Potential: Multiple avenues for revenue expansion and service diversification
Investment highlights
GROWTH OPPORTUNITIES
Consistently booked 4-6 weeks ahead with 4 doctor days.
Expand specialty services (myopia management, dry eye treatment, vision therapy)
Increase contact lens fitting and sales volume
Introduce premium frame lines to boost optical sales
Enhance digital marketing to attract a younger demographic
Add an associate optometrist to increase patient capacity
Extend hours to include evenings and weekends
Patient appointments are consistently booked out for over one month.
TRANSITION SUPPORT
The current owner is committed to ensuring a smooth transition and will provide:
Comprehensive training (3-6 months)
Introduction to key vendors and community partners
Guidance on staff management and retention
Assistance with patient care protocols and business operations
INVESTMENT RATIONALE
At $795,000, this practice represents exceptional value in the Central New York market:
Approximately 2.9× multiple of SDCF
34% increase in SDCF over the past 5 years
Established patient base with consistent referral network
Complete equipment package and inventory
CONFIDENTIALITY
All inquiries will be handled with strict confidentiality. Qualified buyers must sign a non-disclosure agreement before receiving detailed financial information.
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