Full Service Eye Care Goes Growth Mode

Listing Details:

• Business Category:           Optical Related - Optometrists
• Price:                                              $1,500,000
• Gross Revenue:                    $1,536,101
• SDE:                                               $517,483
• Location:                                       Upper Midwest
• Employees:                                  8
• Inventory:                                  $97,884 Glass Frames 
• FF&E:                                             $150,000
• Support & Training:                8 weeks spread over 3 months
• Reason for Selling:                  Retirement
• Non Compete:                        500 miles for 5 years
• Years Owned:                          13 years            

Business Description:

This established optometry practice goes “Growth Mode” by doubling their space to add new services, more products, and expanded staff. Over 800,000 eyes have trusted this business team’s 30+ years of experience in providing full eye care service. Managing all eye and vision problems including Cataracts, Diabetes, Glaucoma and Macular Degeneration; Dry, Itchy, Mattery, Red and Watery Eyes; Blurred, Distorted and Double Vision; Pre and Post Operative Surgical Care, including LASIK; and Emergencies, Infections, and Injuries. 

Competition:

The new store will add an in-house lab to provide customers with same day service on new prescription eye ware. Better service, faster delivery and better margins set this optometry practice apart from local competitors. Providing advanced vision care in a professional and comfortable environment and utilizing state of the art technology for greater comfort during the eye exams sets this full-service eye-care center apart from the national generic branded shops. This “Growth Mode” plan anticipates a doubling of revenue and profit in the next three years.