Profitable and Well Established Optometric and Optical Business

Alexandria City County, VA

Profitable and Well Established Optometric and Optical Business
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Asking Price: $990,000

Cash Flow: $250,000

Gross Revenue: $910,143

EBITDA: N/A

FF&E: $115,000

Inventory: $114,215*

Rent: $4,736 /Month

Established: 1979

*not included in asking price.

Profitable and Well Established Optometric and Optical Business

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Business Description

Long Standing Main Street Business with Big Upside Potential for Growth

Boutique High-end Optical Store with plenty of upside potential. Currently, private-pay trained clientele, the opportunity to accept Vision plans and expand the Optometrist hours between two locations can increase expansion plans immensely. Community trusted Business, this store targets high priced, high fashion frames for eyewear. One location boasts busy traffic, while the other is stable with a suburban neighborhood feel. The opportunity to purchase a turn-key business is at your fingertips with this investment.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,512
Lease Expiration:
9/1/2025
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two locations. One is 1512 sq ft, rented at 4736.00/mos. Central, busy location, with heavy consumer traffic. Store is updated and clean, attracts high-spending clientele. Second location is more stable and attracts a more domesticated clientele. 870 sq ft, rented at 4323.00/mos.
Competition:
Location 1: 40 years in business, established and respected. Location 2: 13 years in business. Seller is a serial entrepreneur and long term business builder. He creates businesses and clienteles that trust and remain with him.
Growth & Expansion:
Since 1998, has been mostly a private pay operation. The opportunity to take Vision Plans opens up a new avenue for profit and an excellent path for expansion. Two locations share one Optometrist. Optometrist works the following hours: Mondays-Location 1 Tuesdays-Location 1 half day. Location 2 half day. Wednesdays-No Optometrist hours Thursdays-Location 1 half day. Location 2 half day. Fridays-Location 1 Expansion with an Optometrist, full time at each location opens up double doors for an increase in this business's bottom line.
Support & Training:
Seller and Optometrist are both willing to stay for a short term for training and transfer of business ownership, as well as a means to gently introduce new owners to client base.
Reason for Selling:
Seller is moving out of state.
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Aimee Spencer

Business Listed By:
Aimee Spencer

Transworld Business Advisors of Arlington VA

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Sponsoring Broker:
Jerry Rupesh

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