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Optical Retail Store For Sale

Saskatchewan, Saskatchewan, Canada
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Asking Price$245,000
Revenue$532,000 Established2011
Cash Flow$99,000 Employees3 full, 1 part
FF&E$57,750* FranchiseNo
Inventory$50,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Well-established and successful retail optical store providing eye wear frames, lenses, sunglasses and a full scope of repair services.   The current owners started the business in 2011 and quickly grew the business with 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 business has benefited from its great selection of over 1,200 quality stylish frames and highly trained and experienced specialists to help advise on what frame and lens choices are best to meet patient's occupational and visual needs.

The quick growth of the business has been achieved notwithstanding the fact that 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!
Competition:There are a number of optical stores in the area.
Growth Potential: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).
Training/Support:Seller will provide training and transition support.
Sale Reason:Retirement
Ad #81489
Seller Reference #REGINSK001-N73
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Barry Johnson
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