Asking Price: $150,000 Gross Revenue: $225,000Cash Flow: $85,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $10,000 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.
Light & Raphael is pleased to offer for sale a well-respected optical shop in Richmond, Virginia. The store sells both eyewear and contacts. The company has a long history of providing superior quality and service in Richmond. Lots of upside for new owner as business does little to no advertising or marketing and has no social media presence.
About the Business
Number of Employees:
Building Sq. Ft.:
$916.67 Per Month
Location is leased. Excellent current lease terms.
According to the Bureau of Labor Statistics, optician employment is expected to grow by 29 percent from 2010 to 2020. This rate of growth is much higher than the average for other occupations. There are a couple reasons for this impressive projection. First, the population is experiencing a large increase in the number of older individuals. As people age, their need for eyecare products and services increases. This leads to greater demand for the specialized skills that opticianry provides. Second, fashion influences and a greater awareness of the need for eye exams have begun to have more influence on consumer purchasing decisions.
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