Authentic Optical Shop & Exam Center, 31 yrs old

Not Disclosed, IL
Lake County

Chicago Northern Suburbs


Asking Price: Annual Revenue:
$125,000 $73,700

Services: Medical, Dental


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RE: Authentic Optical Shop & Exam Center, 31 yrs old Broker: Dennis Hansmann
Owner Financing is Available!
Seller may consider up to 20% financing with an experienced and qualified buyer.

Quick Facts

Asking Price: $125,000
Annual Revenue: $73,700
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: $56,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 4
BBN Listing #: 673637950
Broker Reference #: 2A118

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Business Overview:

Seller may consider up to 20% financing with an experienced and qualified buyer.

Founded in 1988, this optical shop fits perfectly in its community. A long history of repeat customers of all ages. Great business for an owner/operator to manage or add to an existing multi-location chain. Well suited for expanding relationships with the local corporate business community. A north shore location suited for an existing optical business to acquire and implement an insurance policy and corporate vision relationships.

KEY BUSINESS ATTRIBUTES & UPSIDE

1). Located on a major route in a well-known shopping center
2). Test & fill Rx for farsightedness, glaucoma, double vision, etc.
3). Customer expansion potential with increased doctor hours
4). Customer expansion potential with insurance acceptance
5). Customer expansion potential with residents & non-profit organizations
6). Customer expansion potential with corporate outreach

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Property Features and Assets:

Located inside a major retail center with 903 square feet of store space. Monthly rent is approximately $1,310.00 including CAM & Taxes.

Market Competition and Expansion:

Huge growth opportunities exist with this business on multiple fronts. The business has no online or social media strategy currently and is not doing much of any advertising or marketing, which is a good thing since it is still operating with a very limited customer attraction campaign due to foot traffic and their organic customer flow. The following items would greatly increase revenue if implemented: 1). Customer expansion with greatly increased doctor hours 2). Customer expansion with insurance acceptance that doesn't exist now 3). Customer expansion potential with residents & non-profit org outreach 4). Customer expansion potential with corporate outreach.

Reason for Selling:

Relocate and Retire.

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.

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