Asking Price: $230,000 Gross Revenue: $350,991Cash Flow: $83,622 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $75,000 included in asking priceFF&E: $95,000 included in asking priceReal Estate: $210,000 not included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This well-established, very profitable opticianry is available to you now! It features an established clientele, well-trained staff and easy access in a visible, free-standing location on a busy thoroughfare.
Optometrists provide exams on site 10-15 days per month, but are not part of the business. A new owner would not have to be a doctor, or an optician, but there must be a licensed optician on staff in order to fill prescriptions and fit contacts. This is an opportunity for you, even if you are not in the healthcare/eye-care field.
The building is 2,100 square feet and features a 660 square foot dispensary/showroom, 360 square foot laboratory and two optometric exam rooms. The business owners also own the building and are willing to lease to a new buyer. The property is also available for sale, but is not included in the sales price. A new septic and drain field were installed in 2005 and a new heat pump was installed in 2012. The building is attractive and well-maintained.
About the Business
Number of Employees:
Building Sq. Ft.:
Attractive, free-standing building located on busy thoroughfare. Plenty of parking. Available for sale or lease.
Growth & Expansion:
Pros: Established clientele, same-day service, great visibility, ease of access and parking, robust equipment and inventory.
Cons: Optician-owned and unable to participate in Humana or Vision Service Plans, Putnam County is considered a rural health community.
Established Opticianry in Palatka - Eyewear & Eyecare
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