Professional Audiology Practice
- List Price: $475,000
- Sales: $301,105
- Adjusted Income: $183,142
- Down Payment: NA
- FFE Values: NA
- Inventory: $16,968.75
- R.E. Value: $1,350 month-to-month
- Location: Florida
This professional, concierge-style audiology practice was established in 2018 in Stuart, Florida, by an audiologist who spent almost three decades working within the ENT community. The practice specializes in hearing aid fittings and is completely referral-based, with several local doctors sending patients to receive outstanding, compassionate service at a facility equipped to treat all types of hearing disorders.
The practice is open three days a week and has a database of about 450 patients that includes 250 active hearing aid users and approximately 120 visitors per month. Sales are split 40/60 between new and existing patients with an average selling price of $6,800. Oticon and Signia are the top two product manufacturers at 40 percent and 60 percent, respectively.
Currently, the business employs one audiologist and one administrative staff member who serves as a patient care coordinator, office manager and assistant. The audiologist is willing to stay part-time for up to a year, and the office manager is willing to stay for at least six months with a signing bonus to assist patients with the transition.