Optometry Practice in Coventry West Midlands Up for Sale, Established Post-WW2, No Competition

Description

This independent optometry practice is located in Coventry, West Midlands. Its history dates back to the period following the Second World War.

Current ownership: approximately 31 years

Location and patients

Trading position: main road

Patient base: established and varied

Direct competition in the immediate area: none reported

Services and equipment

MECS registration: in place

Fixtures and fittings: included

The current equipment may require updating.

Opening schedule

• Thursday morning
• Friday morning
• Saturday morning

Appointment diary: currently full during opening hours

Advertising activity: none

Patient reminder system: not currently used

Staff

One part-time receptionist works at the practice.

Financial information

Annual turnover: approximately £60,000

Estimated stock value: £4,500

Stock terms: sold separately at valuation

Sale terms

Freehold price stated: £12,000

Goodwill asking price: £45,000

Goodwill price: negotiable

Development options

• Open for additional days or hours
• Introduce patient appointment reminders
• Develop online marketing
• Update the existing equipment
• Expand services through the MECS registration

Reason for sale and handover

Reason for sale: retirement

The current owner is available to assist with the handover.