Newport Beach Optical Shop

optical store, wall of many fashionable eyeglasses
Asking Price:$175,000 Gross Income:$500,000 Cash Flow:$100,000
EBITDA:N/A FF&E:$20,000 Inventory:$20,000
Real Estate:N/A Established:1978 Employees:N/A

Business Description

Off Market

Perfect strategic acquisition for established optometry practice looking to expand their brand or buy in to a clientele that has sky high net income levels. Has been in same location for 38 years, and this business is a steady workhorse. Last 3 years gross sales have been in $500k range. Adjusted net income for a nonlicensed optician would be $100k, obviously an optometrist would make a significant sum in excess of that # by taking over the book of business and performing the exams themselves. Newly remodeled in 2013, this business shows phenomenally and there is definitive pride of ownership in build out, fixtures, and layout of the shop. Buyer obtains client list, revenue, leasehold, FFE, and current inventory on site at approximate seller's cost of $20,000, seller shall determine what the value is at offer submission to maintain existing levels upon change of possession. SBA pre-qualified for $250,000 enterprise value based on the business tax returns, so we need a qualified Buyer with about $37,500 cash down payment and this business can be yours. Seller has no higher level degree, so his skillset can be transferred to someone who has good hand eye coordination and a similar personality. Seller is warm and friendly and this is the probable cause of steady sales despite ups and downs associated with the economy, and a similar demeanor would likely ensure future success. NDA is required for exact business address and financial package from Quickbooks.

Additional Features

Inventory: Included in asking price

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Cozy optical shop in a highly trafficked plaza. Has a back office (right now it’s a workshop) but ideally would be converted to exam room for an owner-operator optometrist to maximize ROI.

Competition: Located in medical plaza but there are no other optical shops within the same vicinity. Obviously other competitors exist in the town. Could be relocated easily if the Buyer chooses to do so within a reasonable distance of the current premises to maximize goodwill transfer.

Growth & Expansion: No email marketing, no real advertising budget, all repeat seasoned clientele and established book of optical clients who visit the shop regularly for upgrades on lenses or frames.

Financing: If Buyer qualifies, SBA 7a Pre-Approved Only 15% Down Required! Mo. Payment $2,386!

Support & Training: As needed.

Reason for Selling: Retirement.

 

Ace Business Brokers NDA & Buyer Profile

 

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