This established independent optometry and optical practice has a longstanding presence in the University of Texas/Austin community, with the seller describing a practice history dating back to 1991 and a longstanding presence on Guadalupe Street near the University of Texas campus. Eclectic Eyewear carries an exceptional 4.9 ★ Google reputation based on 231 reviews. P&L total income was approximately $629,000 in 2023, $551,000 in 2024, and $552,000 in 2025, while EHR-reported collections were approximately $565,000 in 2024 and $543,000 in 2025. The completed valuation supports a normalized owner benefit of approximately $55,000–$70,000 annually, with a selected normalized owner benefit of approximately $60,000.
The practice reports approximately 2,100 active patients, with 2,131 patients served from January 2024 through August 2026, more than 37,700 all-time patient records, approximately 1,000–1,100 annual patient visits, and roughly 275–300 new patients per year. The office is generally booked approximately one week in advance and uses Eyefinityas its EHR with Adit for patient recall and communication. The completed valuation notes that the 2,131-patient figure covers approximately 32 months and should not be treated as independent verification of the seller-estimated two-year active-patient count.
The practice provides comprehensive primary eye care, medical eye care, and optical sales. Its longstanding independent optical business, highly visible campus-area location, and strong word-of-mouth reputation provide an established foundation for both professional services and eyewear revenue. The practice benefits from strong pedestrian visibility, existing patient relationships, customer parking, and an established presence near the University of Texas community.
The practice participates with VSP, EyeMed, Davis Vision, and Superior Vision for vision coverage and reports participation with Blue Cross Blue Shield and Aetna on the medical side. Participation, credentialing, reimbursement, and post-closing enrollment requirements remain subject to buyer verification.
The owner currently works approximately 3.5–4 clinical days per week and is willing to remain after the sale for approximately six months, working up to two days per week to help support a smooth transition. The seller has also expressed willingness to provide occasional fill-in coverage and approximately six months of practice consulting, subject to final transaction terms and compensation arrangements.
The practice currently employs two full-time staff members and three part-time technicians. The Optical Manager / Biller has approximately 34 years of tenure with the practice and is willing to remain briefly following the sale to train a replacement manager. The Lead Optician has approximately three years of tenure, while the three part-time technicians are University of Texas students who assist with patient workups, telephone coverage, and general office duties. Long-term retention of the Optical Manager should not be assumed, and no management-salary savings have been incorporated into the normalized owner benefit.
The approximately 1,600-square-foot office includes two fully equipped exam lanes and operates Monday through Friday from approximately 9:30 AM to 6:00 PM. Current scheduled base rent is approximately $6,400 per month, increasing to approximately $6,500 per month beginning February 2027, with additional CAM expenses. The existing lease is not assignable, and the landlord has indicated a preference to negotiate a new lease directly with the incoming buyer, making acceptable buyer lease terms an important closing condition. The completed valuation identifies occupancy expense as a meaningful constraint on current owner earnings.
The practice includes approximately $13,700 in estimated owned equipment value. Major equipment includes a Topcon KR-800 autorefractor/keratometer, Reichert 7 NCT, Humphrey FDT visual field, two Nikon slit lamps, two Topcon VT-10 phoropters, and two Reichert acuity-chart systems. The practice also uses an Optos Daytona, which is leased and excluded from the owned-equipment value. Transfer approval, remaining payments, purchase options, and applicable fees should be reviewed separately. The seller reports that the owned equipment is functioning well, while digital acuity charts and newer phoropters could be considered optional future upgrades.
The practice also includes an estimated $22,000 inventory allowance at wholesale value. The submitted frame schedule includes brands such as Dolabany, Roger, Etnia Barcelona, and Kliik, along with VSP/Altair consignment merchandise. Consignment frames should be excluded from purchased inventory, and the final inventory should be physically counted and reconciled at documented wholesale cost immediately prior to closing.
Financial performance has remained relatively stable over the most recent two years. P&L total income was approximately $629,128 in 2023, $550,890 in 2024, and $551,571 in 2025. EHR-reported receipts were approximately $564,622 in 2024 and $542,747 in 2025, while January through August 2026 receipts totaled approximately $348,288, equivalent to a simple annualized sensitivity of approximately $522,000. The completed valuation notes that this annualized figure is not a forecast and should not be treated as a same-period year-over-year comparison.
The valuation normalizes earnings by reconciling book income to reported Schedule C profit and adding back supported interest, depreciation, and amortization. Calculated SDE was approximately $64,924 in 2023, $24,901 in 2024, and $72,060 in 2025. Greater weighting was placed on the more recent 2025 result while still accounting for the significantly weaker 2024 year, resulting in a selected normalized owner benefit of approximately $60,000 annually, with a reasonable underwriting range of approximately $55,000–$70,000.
Growth opportunities include improving optical margins and purchasing, strengthening recall and patient reactivation, expanding medical eye care, increasing patient volume within the existing five-day schedule, optimizing staffing and overhead, and further leveraging the practice’s highly visible location near the University of Texas campus. The practice benefits from strong pedestrian traffic, an established independent optical identity, customer parking, and decades of community recognition. Importantly, no financial benefit from these potential operational improvements has been incorporated into the normalized earnings or debt-service calculations, leaving identifiable upside for an owner who can improve efficiency and production.
This opportunity is particularly well suited for a hands-on owner-operator seeking an established Austin optometry practice with a highly visible location, 4.9★ Google reputation, 37,000+ historical patient records, two equipped exam lanes, an established optical, and seller transition support. The combination of an established brand, strong community recognition, existing patient relationships, and identifiable operational improvement opportunities creates a compelling platform for an OD who wants to build on an existing Austin presence rather than start from scratch.
100% Bank Financing may be available for qualified buyers through conventional lenders, subject to lender underwriting and approval.
For more information, including a comprehensive practice appraisal report and detailed financial package, please complete our Buyer Registration Form and Confidentiality Agreement
