Business For Sale

Optical Shop for Sale in Richmond, Virginia

Richmond, VA
Richmond County

Asking Price: Annual Revenue:
$150,000 $225,000

Retail: Non-classifiable

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RE: Optical Shop for Sale in Richmond, Virginia Broker: Gavin Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $150,000
Annual Revenue: $225,000
Net Profit: $85,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 659348609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer for sale a well-respected optical shop in Richmond, Virginia. The store sells both eyewear and contacts. The company has a long history of providing superior quality and service in Richmond. Lots of upside for new owner as business does little to no advertising or marketing and has no social media presence.

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Property Features and Assets:

Location is leased. Very attractive lease terms.

Market Competition and Expansion:

According to the Bureau of Labor Statistics, optician employment is expected to grow by 29 percent from 2010 to 2020. This rate of growth is much higher than the average for other occupations. There are a couple reasons for this impressive projection. First, the population is experiencing a large increase in the number of older individuals. As people age, their need for eyecare products and services increases. This leads to greater demand for the specialized skills that opticianry provides. Second, fashion influences and a greater awareness of the need for eye exams have begun to have more influence on consumer purchasing decisions.

Reason for Selling:

Owner wishes to 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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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