Phone: (301) 215-9288
Price: $1,100,000
Location: Maryland
Industry: Retail, Optical Goods Store
Listing ID: MZN-460 Optical
This is one of the most beautiful and successful Optical stores located in a free-standing building and facing extremely high traffic street with fantastic visibility. The company has an Optometrist who works full time. The business provides eye exam, eyeglasses, and contact lenses. They carry top brand frames and lenses with very high margin. They have served thousands of patients and repeat customers. All loyal employees including Opticians, Ophthalmic Technician, and manager are in place. The business accepts variety of insurances for comfort of customers. They carry popular brand of designer glasses like Armani, Ray-Ban, Polo, Burberry, Prada, Versace, Tory Burch, and many more.
Listing Details
Revenue: $1,342,000
Cash Flow: $326,500
EBITDA: $275,000
FFE: $80,000 (Included in Price)
Inventory: $100,000
Real Estate: (Not Included in Price)
Lender Pre-Qualified?: Yes
Form of Ownership:
S-Corporation
Terms and Conditions?:
Business is qualified for SBA financing to qualified buyer with 15%-20% down payment.
Reason For Sale:
Owner is getting ready for retirement.
Training & Support:
Owner and management will provide two weeks of training free of charge and beyond that based on mutually agreed term. Also, franchisor has extensive training program for new owner
Operation
Year Established: 1995
Year of Last Acquisition: 2003
Days & Hours of Operation: Mon: 10:00 am - 7:00 pm • Tue: 10:00 am - 4:00 pm • Wed: 10:00 am - 3:00 pm • Thu: 10:00 am - 7:00 pm • Fri: 10:00 am - 6:00 pm • Sat: 10:00 am - 5:00 pm • Sun: Closed
Owner Hours Per Week: 40
Employees: 8
Summary
Competition:
There are some optical stores in the area but this one stands above all by providing an excellent service and using the most advanced equipment. they also maintain high level of inventory to give customers more choices for products.
Potential Growth:
- New owner with more marketing and advertising may grow this business to new level.
(Mike) Majid Zarinbaksh, MBA, CBI, M&AMI
[email protected]
(301) 215-9288
Address:
7735 Old Georgetown Rd., Suite 910
Bethesda, MD 20814