Listing ID: 74949
This reputable, ophthalmic equipment sales and service business provides quality, high-technology, in-demand instrumentation at affordable prices to optometrists and ophthalmologists. With its low overhead, it continues to generate high, stable profits even during the pandemic, illustrating its resilient business model and the ongoing high demand for its products and services. This outstanding company specializes in innovative corneal topographers with touch screen technology, comprehensive software, and statistical packages as well as offering special capabilities such as map customization, auto-alignment, and auto-shot. In addition, it also offers specular microscopes, auto refractors, non-contact tonometers, auto lens meters, and multi-functional devices. The staff team is appropriately sized and consists of loyal and experienced members. As such, a prospective new owner would have solid staff support to continue this business’s successful operations. This would be a great add-on business for someone in the industry or, a great opportunity for someone looking to be an owner-operator of a very profitable business.
- Asking Price: $500,000
- Cash Flow: $164,806
- Gross Revenue: $921,347
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1991
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Six months training
The business was started in 1991, making the business 31 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nonetheless, the genuine factor vs the one they say to you may be 2 completely different things. As an example, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of other factors. This is why it is very crucial that you not count entirely on a vendor's word, however rather, make use of the seller's answer together with your overall due diligence. This will repaint a more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover points such as stock, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new consumers? Most times, companies have repeat consumers, which develop the core of their day-to-day revenues. Particular aspects such as new competitors growing up around the location, road building and construction, as well as personnel turn over can affect repeat consumers and negatively influence future incomes. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the greater the chance to build a returning consumer base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Just how might the neighborhood median house income impact future income prospects?