Established Optical Store at Great Location

Queens, NY
Queens County


Asking Price: Annual Revenue:
$225,000 $400,000

Retail: Non-classifiable


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RE: Established Optical Store at Great Location Broker: Sherry M. Wang

Quick Facts

Asking Price: $225,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 3
BBN Listing #: 993052376
Broker Reference #: 86471-710742

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Business Overview:

This established optical store has been in business for 30 years in Queens. It’s located at a super busy street, great traffic in both walking and driving. The location has 1,100 square feet, with an exam room and a lab inside. This store provides a large selection of quality frames, lenses and all of the necessary accessories. It accepts major types of insurance and has contracts with GVS, Vision Screening, and many other insurance companies. Excellent location in an upscale neighborhood. 3 plus 5 years left for the lease and it’s easy to renew. The store is beautiful and does $400,000 a year in sales. Large customer base, stable repeating customers. Current owner is retiring. A new owner operating can make it into a high-volume store at this high profit location.

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Property Features and Assets:

30 years in the neighborhood.

Market Competition and Expansion:

Very limited competition nearby.

Reason for Selling:

Retiring

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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