Seller's Contact Information
- RE: High-End Optical Shop In Affluent Area
- Contact: Ken Elkin
Quick Facts
Asking Price: | $699,000 | |
Annual Revenue: | $691,477 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $381,866 | |
Total Debt: | Not Disclosed | |
FF&E: | 40,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1980 | |
Employees: | 3 | |
BBN Listing #: | 660311185 | |
Broker Reference #: | 170-03618 |
Business Overview:
HIGH-END OPTICAL SHOP IN AFFLUENT AREA. Established 43 years. Ideal location in busy shopping plaza on high traffic road. Reputation for premium, trendy and unique eyeglass lines. Generous product mark-ups. Simple and highly profitable business model - no insurance, no contact lenses, no children's eyewear. Owner works 4 days per week. 2150 current customers. New customers referred by surrounding ophthalmologists and optometrists. $80k in inventory included in the asking price. Financing available to a qualified buyer with only $77k down payment. THIS IS A TREMENDOUS OPPORTUNITY FOR A LICENSED OPTICIAN - OR ANY BUYER WHO CAN BRING IN THEIR OWN OPTICIAN OF RECORD. Seller is motivated and will consider staying on for up to 3 months in the transition of the business. Buyers to provide personal financial statement along with signed NDA. *Lender Pre-Qualified*
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Property Features and Assets:
Inventory: $80,000 (Included in asking price). Lease/Month: $2,500. Square Footage: 500. Building Type: Strip Plaza. Terms & Options: Buyer to get new lease. Expiration Date: 12/31/2026. Loan Amount: $691,400. Down Pmt: $77,000. Mos: 114. Rate: 10%. Mo Pmt: $9,418.59
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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