Price: $245000

Province: Saskatchewan

Listing ID: REGINSK001-N73

Description

Well-established and successful retail optical store providing eye wear frames, lenses, sunglasses and a full scope of repair services. Since its inception in 2011 the business has quickly achieved sales exceeding $500,000 per year for fiscal years 2014, 2015 with the company well on its way to another year with sales in excess of $500,000.

The quick growth of the business has been achieved notwithstanding the fact the owners operate the store as somewhat of a "lifestyle business" - potential profits are sacrificed to maintain quality of life. The store is closed, for example, on Sundays and Mondays and is not open during the evening.

This business is "optometrist ready" with an eye Exam Lane, exterior signage, separate phone lines and a 2,000 patient database!

LISTING DETAILS

Total Sales: $532,000

Cash Flow: $99,000

FFE: $57,750

FFE Included: Yes

Inventory: $50,000

Inventory Included: Yes

Operation

Year Established: 2011

Year of last Acquisition: 2011

Days & Hours of Operation: Tuesday to Saturday 9:30 am to 5:30 pm

Owner Hours Per Week: 40

Employees: FT: 3 PT: 1

Security on Lease: $3,950

Lease Option: 5

Location

Real Estate: $0

Monthly Rent: Upon Request

Square Footage: 1,717

Relocatable: Yes

Summary

Reason For Sale:

Retirement

Training & Support:

Seller will provide training and transition support.

Competition:

There are a number of optical stores in the area.

Potential Growth:

Opportunities for growth/expansion include opening the store more days and some evenings.

Optometrist ready. The design of the store layout included an optometrist "Exam Lane" and the company has in the past employed an optometrist. As such, a buyer will have the option to add eye examinations to the list of services provided (note: the equipment required for the "Exam Lane" is not included in the sale of the business but it is available should a buyer be interested).

LISTING BROKER

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