Optical Shop in Richmond, Virginia

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Great Deal for Optician!
Asking Price:
$75,000

Gross Revenue:
$225,000
Cash Flow:
$85,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$10,000
included in asking price

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Business Description

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:
3
Real Estate:
Leased
Building Sq. Ft.:
1,100
Rent:
$916.67 Per Month
Facilities:
Location is leased. Excellent current lease terms.
Market Outlook/
Competition:
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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About the Sale

Reason For Selling:
Owner wishes to retire.
Training/Support:
Sellers will provide support and training following the sale.

Listing Info

ID:
1554891
Ad Detail Views:
319

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Business Listed by

Gavin Raphael

Light & Raphael

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U.S. Census Data for Chesterfield, Fairfax, Henrico and Richmond city Counties, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Chesterfield, Fairfax, Henrico and Richmond city Counties, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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