Business Overview:
This optician practice has been in business since 1977 and during that time has established a loyal clientele by providing personal service and eye wear products at reasonable prices. They are a full service optical store that offers clients a full range of eyeglass styles, contact lens fittings and eye wear repair. An independent optometrist operates out of the store 1.5 days per week. Three years ago the owners moved the practice to a 2,000 square feet store front adjacent to a major department store in a new high traffic shopping center with the belief that this location would increase their walk-in traffic while allowing to service their existing clients. They made significant investments in equipment and leasehold improvements to turn it into a more upscale store and accommodate growth. The net result has been that the owners have seen a 50% increase in sales since the move. The business presents a particularly good opportunity for any optometrist wishing to build on what they've started. The store has enough built out space and equipment to handle the demands of up to two optometrists operating their full time.
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Property Features and Assets:
2,000 square foot store front in busy shopping plaza. Fully fixture for retail display and with multiple office, exam room and lab space. The store is sized and outfitted to handle twice the current volume.
Market Competition and Expansion:
The store has been in business for 32 years and at the current location for 3 years. It is located in an upscale shopping center adjacent to a major department store yielding significant walk-in traffic. The owners have seen a 50% increase in their business since moving the store. An independent Optometrist resides at the store 1.5 days per week. An optometrist purchasing this business and conducting their practice full time at the store could realize a doubling of the sales of all optical products.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.