Profitable and Well Established Optometric and Optical Business

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Long Standing Main Street Business with Big Upside Potential for Growth
Asking Price:
$990,000

Gross Revenue:
$910,143
Cash Flow:
$250,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$114,215
not included in asking price

FF&E:
$115,000
included in asking price

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Business Description

Boutique High-end Optical Store with plenty of upside potential. Currently, private-pay trained clientele, the opportunity to accept Vision plans and expand the Optometrist hours between two locations can increase expansion plans immensely. Community trusted Business, this store targets high priced, high fashion frames for eyewear. One location boasts busy traffic, while the other is stable with a suburban neighborhood feel. The opportunity to purchase a turn-key business is at your fingertips with this investment.

About the Business

Year Established:
1979
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
1,512
Rent:
$4,736.00 Per Month
Lease Expiration:
9/1/2025
Facilities:
Two locations. One is 1512 sq ft, rented at 4736.00/mos. Central, busy location, with heavy consumer traffic. Store is updated and clean, attracts high-spending clientele. Second location is more stable and attracts a more domesticated clientele. 870 sq ft, rented at 4323.00/mos.
Market Outlook/
Competition:
Location 1: 40 years in business, established and respected. Location 2: 13 years in business. Seller is a serial entrepreneur and long term business builder. He creates businesses and clienteles that trust and remain with him.
Growth & Expansion:
Since 1998, has been mostly a private pay operation. The opportunity to take Vision Plans opens up a new avenue for profit and an excellent path for expansion. Two locations share one Optometrist. Optometrist works the following hours:
Mondays-Location 1
Tuesdays-Location 1 half day. Location 2 half day.
Wednesdays-No Optometrist hours
Thursdays-Location 1 half day. Location 2 half day.
Fridays-Location 1
Expansion with an Optometrist, full time at each location opens up double doors for an increase in this business's bottom line.
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About the Sale

Reason For Selling:
Seller is moving out of state.
Training/Support:
Seller and Optometrist are both willing to stay for a short term for training and transfer of business ownership, as well as a means to gently introduce new owners to client base.

Listing Info

ID:
1599478
Ad Detail Views:
0

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Business Listed by

Aimee Spencer

Transworld Business Advisors of Arlington VA

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Sponsoring Broker:

Jerry Rupesh
Transworld Business Advisors of Arlington VA

U.S. Census Data for Alexandria city County, VA
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Ethnicity

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

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U.S. Community Survey Data for Alexandria city County, VA
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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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