Listing ID: 78549
Well-established optician in dynamic Arlington VA with decades of satisfied multi-generational customers and an excellent reputation for providing professional service and high-quality eyewear. Valuable referral network that includes several top ophthalmologists in the DC / Northern Virginia area.
Fully turnkey operation with Virginia Licensed Opticians on staff and a full finishing laboratory. Extensive frame inventory featuring dozens of luxury lines and classic brands to suit all needs. Affordable lease in high-visibility location serving Arlington, Alexandria, Falls Church, McLean, Fairfax, Washington DC and beyond.
If you are an optician or private practice optometrist looking to expand from your current location, or looking to purchase your first store, this is a unique opportunity you won’t want to miss.
Excellent profitability and financial reporting. This business should qualify for SBA-backed financing so long as purchaser is able to obtain an extended lease.
- Asking Price: $695,000
- Cash Flow: $422,632
- Gross Revenue: $1,055,968
- EBITDA: N/A
- FF&E: $18,977
- Inventory: $225,000
- Inventory Included: Yes
- Established: 1954
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The business was founded in 1954, making the business 68 years old.
The transaction shall include inventory valued at $225,000, which is included in the requested price.
The business has 5 employees and resides in a building with disclosed square footage of 1,000 sq ft.
The building is leased by the business for $2,111 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. Nevertheless, the true reason vs the one they say to you may be 2 totally different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or a range of other factors. This is why it is very important that you not count absolutely on a seller's word, but rather, make use of the seller's response along with your general due diligence. This will repaint a more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover things such as supplies, payroll, accounts payable, etc. Remember that occasionally this can suggest that profit margins are too thin. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new consumers? Many times, businesses have repeat consumers, which create the core of their daily profits. Particular aspects such as brand-new competitors sprouting up around the location, roadway construction, and also staff turnover can affect repeat customers as well as adversely affect future earnings. One essential thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the higher the opportunity to build a returning client base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the local median house income impact future income prospects?