Listing Number: 76931-779853
Description
Founded over 35 years ago, the company has grown from a single location to 16 sites and now operates out of a central office acquired in 2005. The owner, who bought out their spouse's share in 2013, has since consolidated operations to this main office. This strategic consolidation, driven by the owner's retirement plans, reflects a desire to scale back rather than any financial difficulties.
The company specializes in providing high-quality prescription eyewear with a strong focus on quick service. It offers a wide range of products, including single, bifocal, and progressive vision lenses, titanium frames, transition lenses, designer eyewear, and Rec Specs for various sports and activities. An in-house laboratory crafts lenses within one hour, which is a key competitive advantage. Personalized customer assistance is provided to ensure optimal frame selection and fit.
The business is a robust opportunity due to its steady demand, recession-proof nature, and effective marketing strategy. In 2023, it generated $576,766 in revenue with a seller's discretionary earnings (SDE) of $154,846 and holds over $380,000 in inventory. Its competitive edge lies in its quick turnaround time for lenses and strong relationships with local optometrists who drive referrals.
There is significant growth potential, including reopening former locations, incorporating contact lens services, and enhancing social media presence. The business benefits from its existing inventory purchased at pre-inflation costs, which can boost profitability amidst economic uncertainties. With a focus on serving a demographic that includes Medicare and Medicaid beneficiaries, and increasing eyewear as a fashion accessory, the company offers substantial opportunities for expansion and increased profits, especially with the addition of an optometrist.
Listing Details
- Price: $680,000
- Down Payment: $680,000
- Sellers Discretionary Earnings: $153,194
- Total Sales: $576,626
- Location: Bexar County, Texas
- Inventory: $387,539
- FF&E: $282,916
- Employees: 4
- Reason for Selling: Retirement
- Category: Optical Related
