Asking Price: $990,000 Gross Revenue: $910,143Cash Flow: $250,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $114,215 not included in asking priceFF&E: $115,000 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.
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
Number of Employees:
Building Sq. Ft.:
$4,736.00 Per Month
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.
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.
Profitable and Well Established Optometric and Optical Business
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