Owner Financing is Available!
Business Overview:
Company was established in 1981 and is one of the main wholesale suppliers of optical parts, equipment, and accessories in North, Central and South America. It distributes a variety of optical tools, parts, examination tools, finishing lab equipment, and patient accessories that are all used on a daily basis in most optical offices or dispensaries.
Headquarters are based in Miami, FL, which give it a distinct logistical advantage and allows the Company to provide rapid service to North and South America. This company also has offices in Panama City, Panama, Bogota, Colombia, and Caracas, Venezuela. The mission of the company is to provide optical customers with an assortment of essential products offered at reasonable prices with the highest quality possible supported by exceptional product knowledge and customer service.
Because of its buying power, the company is able to pass down significant savings to its customers.
In 2008, the company became the sole distributor for the United States and South America for a leading Japanese edging equipment provider. The Edging Systems are state of the art finishing lab products and offer one of the best solutions for finishing lab equipment in the medium to large volume optical office.
Sales for the Company were approximately $2.7 million in 2010. Over the past three years, sales have grown at a growth rate of approximately 55% annually from $0.7 million in 2007. Gross margins for the past three years have been around 44%, with inventory levels holding around $600,000. The Business returned an adjusted profit of $189,000 in 2010 after negative net earnings in the prior three years.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
FF&E of $104,349 + Inventory of $633,882 is included in the asking price.
4,000 SF in an Industrial Area Warehouse - fully relocatable.
Support/Training: 4 Weeks @ No Cost.
Market Competition and Expansion:
Competition: The edging equipment market has a small number of manufacturers.
Growth/Expansion : Develop the Edging Equipment Business.
Reason for Selling:
Parent divestiture.
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.