Optical Shop in Richmond, Virginia

Richmond, VA (Richmond City County)

Optical Shop in Richmond, Virginia
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Asking Price: Get Financing: $150,000

Cash Flow: $85,000

Gross Revenue: $225,000

EBITDA: N/A

FF&E: $10,000

Inventory: N/A

Lease Rate: $10 /SF/Year

Established: N/A

Optical Shop in Richmond, Virginia

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Business Description

Great Opportunity for Optician

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.

Detailed Information

Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location is leased. Excellent current lease terms.
Competition:
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.
Support & Training:
Sellers will provide support and training following the sale.
Reason for Selling:
Owner wishes to retire.
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Gavin Raphael

Business Listed By:
Gavin Raphael

Light & Raphael

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