Eye Catching Optical Store for Sale!!!

Brooklyn, NY (Kings County)

Seller Financing Available
Eye Catching Optical Store for Sale!!!

Asking Price:$85,000

Cash Flow:$72,000

Gross Revenue:$223,000

EBITDA:N/A

FF&E:$30,000

Inventory:$20,000*

Established:1999

*not included in asking price.

Eye Catching Optical Store for Sale!!!

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Business Description

Don’t miss your chance to own this great business! It’s a few blocks from busy subway line and has all the legwork done for you. After operating for 17 years, owner recently acquired the other half of the business from his partner because he believes in the practice. However, due to health problems and other practices, he needs to sell. When he had 50% ownership and worked only 20hrs a week of work, he was pulling in $30,000 in Owner Benefit at the end of the year. Since he doesn’t have the luxury of time on his side, he is selling for a firesale price. A new owner can expect to see tremendous profit if putting in the time.
Business has an amazing lease of only $2,600 in Williamsburg. It has 4 years left and possibility of extension. You will be getting recurring accounts from 17 years of ownership, and a doctor who comes for exams about 3-4 days a week. It also comes with over $50,000 in inventory, fixtures, and equipment upfront. Patternless edger, Autorefractor, Auto Lensmeter, and exam equipment are just some of the equipment that will come with business.
Owner is willing to sign non-compete and to stay on and train for 2 weeks at no charge and provide $25,000 financing payable at 5% over three years because he believes in business. This is the perfect practice for someone who wants to walk into profits right away without worry. And. with a little loving care it can be highly lucrative.
Note: All data on this business is provided by the Seller for information purposes only, and no representations are made by Broker as to the accuracy of same. Broker has made no independent verification of the data contained herein. Buyer is advised to perform its own due diligence and seek the advice of professionals prior to purchasing the Business.

Detailed Information

Inventory:
Not included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
25000
Support & Training:
2 weeks
Reason for Selling:
health

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Tom Gesimondo

Business Listed By:
Tom Gesimondo

Transworld Business Advisors

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