Established Eyecare business for sale
Saratoga County, NY
| Asking Price: | $279,000 |
| Gross Revenue: | $1,030,000 |
| Rent: | $24.95/SF/Year |
| FF&E: | $100,000 |
| Cash Flow: | $125,000 |
| Inventory: | $35,000 |
| EBITDA: | $125,000 |
| Established Year: | 1983 |
Listing ID: 2121283Listing provided by BizBuySell
BUSINESS DESCRIPTION
Eye care practice that has been family owned and operated for 40 years. Our practice stands as a cornerstone of excellence in eye care. We specialize in comprehensive examinations and the sale of prescription glasses and contacts, boasting a consistent $1,000,000 in revenue year after year. Our absentee management model opens doors to limitless growth potential.
DETAILED INFORMATION
Location
Saratoga County, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,850
Lease Expiration
21/03/2026
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Free standing building on a busy street that has been in operation for 40 years. 1,850 sq foot building with one exam area shared by several doctors. Retail operation displays top tier eyewear and budget frames to appeal to all budgets. This is an established franchise.
Competition
The industry as a whole is a 169.9 billion dollar industry and with steady revenue over the past decade and industry projections forecasting a compelling CAGR of 8.5% according to Grand View Research. This practice has been in existence for 40 years and has a proven track record of service and quality. While big box has tried to impact the market, eye's and eyewear are less susceptible to budget buyers.
Growth & Expansion
The establishment of a franchise brand and the physical location with a 40 year history provides the opportunity to grow with online purchases that can be supported by a traditional brick and mortar facility. The building itself can support additional expansion adding more exam area's that will increase the retail eyewear portion of the business.
Financing
Minimum down payment of $200,000 or Pay in full for $299,000
Support & Training
Owner will provide two weeks at 20 hours a week. New buyer will need to complete franchise required training.
Reason for Selling
The owner has made the decision to part ways with the family business to pursue
Franchise
This business is an established franchise
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