Listing ID: 76867
Established & Profitable Eyewear Manufacturer & Wholesale business for sale! This is a unique opportunity to acquire a well-established & profitable eyewear business with long-term, repeat, international clients. The business offers custom, branded & stock optical frames to wholesale and retail customers. With clients in North and South America the business has, over the last few decades, built strong, long-standing relationships with large international clients and vendors. The business operates out of an office/warehouse space and is staffed with loyal key employees. Profitable, expandable and in demand, the business serves a growing market segment due to the increase in screen time for all age groups. The Seller owns the property where the business is located and is offering a qualified buyer a monthly rent of $3,000/month with attractive terms with an extended lease agreement. Inventory is not included in the sale price which is currently valued at approximately $300,000. The Business is poised for rapid growth and per the Seller is ready for a buyer to expand into the EU market. This is a perfect opportunity for an existing company looking to grow through acquisition or for a buyer looking to take this business to the next level! Inquire Now! Email inquiries to: email@example.com
- Asking Price: $199,000
- Cash Flow: $156,563
- Gross Revenue: $909,191
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $300,000
- Inventory Included: N/A
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This business has a leased location of 8,000 square feet with a total monthly rental of $3,000. The seller is active in business with 3 FT employee. Hours of operation are 8:30 am - 4:30 pm, Monday - Friday.
The company was founded in 1996, making the business 26 years old.
The sale doesn't include inventory valued at $300,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell businesses. Nevertheless, the genuine reason and the one they say to you may be 2 entirely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competition, current decrease in incomes, or a range of various other reasons. This is why it is really crucial that you not rely totally on a vendor's word, but rather, use the vendor's answer combined with your general due diligence. This will repaint an extra sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that profit margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Most times, businesses have repeat consumers, which form the core of their daily profits. Certain factors such as new competitors growing up around the location, roadway building, as well as personnel turn over can impact repeat clients as well as negatively affect future profits. One important thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the possibility to build a returning client base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the local average home income influence future income prospects?