High Margin Luxury Retail Eyewear-Low Rent Gem
Business Description
Profitable Beverly Hills Golden Triangle Shop
Location - Location - Location!
When you combine high margin eyewear with a great location, what do you get? Frames in this established store have an incredible markup and range mostly from $500 to $1000+. Lenses have more than double the frame markup and range from $200 to $1200. Complete the contact form in order to learn more.
If not already an optician, a buyer can take a 6-month training course offered by many schools for under $3000. Some schools are online. In the meantime, or alternatively, an optician may be hired for under $30/hr.
The seller needs heart surgery and has operated the store less than half time. While assessing this opportunity is possible by a diligent buyer, traditional financial documentation is not available. With leasehold improvements estimated at $40,000, equipment and fixtures estimated at $25,000, inventory of $25,000 ($100,000.00 retail), high profit margins, location, and reduced rent, this is a very unique and established opportunity for you, your spouse, or perhaps other family member.
The seller has been able to reduce the store lease from $8000 years ago to $4600 after NNN today and states the landlord is amenable to extending this lease amount to a new buyer. A closed restaurant is opening soon next door and should increase traffic on this already busy street. The location attracts tourists and locals.
This is a rare find in this part of Beverly Hills. Seller also states that the lease should allow for other high margin accessories. A new buyer will need to confirm and solidify lease terms with the landlord.
The listing agent Kaseu Huma (DRE #02124143) can be reached at kaseu.huma@fcbb.com or call (909) 968-9741
When you combine high margin eyewear with a great location, what do you get? Frames in this established store have an incredible markup and range mostly from $500 to $1000+. Lenses have more than double the frame markup and range from $200 to $1200. Complete the contact form in order to learn more.
If not already an optician, a buyer can take a 6-month training course offered by many schools for under $3000. Some schools are online. In the meantime, or alternatively, an optician may be hired for under $30/hr.
The seller needs heart surgery and has operated the store less than half time. While assessing this opportunity is possible by a diligent buyer, traditional financial documentation is not available. With leasehold improvements estimated at $40,000, equipment and fixtures estimated at $25,000, inventory of $25,000 ($100,000.00 retail), high profit margins, location, and reduced rent, this is a very unique and established opportunity for you, your spouse, or perhaps other family member.
The seller has been able to reduce the store lease from $8000 years ago to $4600 after NNN today and states the landlord is amenable to extending this lease amount to a new buyer. A closed restaurant is opening soon next door and should increase traffic on this already busy street. The location attracts tourists and locals.
This is a rare find in this part of Beverly Hills. Seller also states that the lease should allow for other high margin accessories. A new buyer will need to confirm and solidify lease terms with the landlord.
The listing agent Kaseu Huma (DRE #02124143) can be reached at kaseu.huma@fcbb.com or call (909) 968-9741
About the Business
- Years in Operation
- 4
- Facilities & Assets
- This is a leased location of 500 square feet with a Total monthly rent of $4,600. Seller is active with 1PT employees. Hours of operation are variable, approx. 20 hours a week. $25,000 in inventory (wholesale) and $25,000 in FF&E included in the asking price. $40,000 made in leasehold improvements. Buyer is required to employ a CA Licensed Optician.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 500
- Rent
- $4,600.00 per month
About the Sale
- Seller Motivation
- Medical Reasons
- Transition Support
- 4 weeks / 20 hours
Listing Info
- ID
- 2403428
- Listing Views
- 512
Listing ID: 2403428 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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