Medical Practices
Active
Fantastic Optical Business for Sale
Worcester County, Massachusetts, United States
Asking Price$1.25m
Revenue$1.69m
EBITDA-
Cash Flow$490k
Description
This high-volume, profitable optical business located in Central Massachusetts has grown every year since it was founded 30 years ago. The business has 5 employees, plus the owner, who works part-time. Known for its quality frames and products, the business has historically offered both optical (frames, lenses, and contacts) and optometry (eye care services) to its customers. The company has been owned and operated by the Optician, with all sales and profits derived from the non-doctor side of the business, which includes the sales of frames, lenses, and other related products.
It is believed that the ideal buyer for the business is an Optometrist Doctor who could benefit from tapping into the thousands of repeat customers. The new buyer, a doctor, would add substantial revenue from their eye care services to the company's current cash flow. Office space is available at this location for the doctors' services.
The seller is looking to retire and will offer transition and support to a new owner. The seller owns the real estate, which can be leased or purchased additionally at fair market value, TBD.
Real EstateBuilding Size: 2000 sq. ft.
$500kNot Included in Asking Price
Inventory
$120kIncluded in Asking Price
Number of EmployeesFull-Time: 4Part-Time: 1
Year Established
1994
Reason Selling
Retirement
Facilities & Assets
2,000 Square Feet - Front Retail, Lab, Office Space, Doctor Offices. Owner will lease or sell the building with the transaction.
Growth Opportunities
Having an onsite Doctor who owns the retail optical and Charlton Opticals clients will be a win-win.
Financing Options
Seller financing is available.Some owner financing available to a well qualified buyer.
Related Categories
Asking Price$1.25m
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.