Opthalmic Opticians withy Flexible Property Options For Sale

Business description

First City Business Brokers are delighted to offer this opportunity to acquire an established, profitable independent optical business which has been brought to market for genuine retirement reasons. The practice was established in 1981 by the current owner who carries out the testing. Sales for the year ending 4 April 2007 were £85,594 with the 2 previous years returning £88,795 and £93,270 respectively.

Property information

Property:

Freehold

Lease terms:

The practice is occupied under a 999 year lease with 889 years remaining with an annual rental of £1.68 (One pound and sixty eight pence). The 999 year lease may be purchased for offers around £145,000 or alternatively a sub-lease may be negotiated with terms to suit the buyer In 2007 rates and water were £675.

Location:

The premises are occupied on a busy road on the edge of town in a parade of commercial and residential properties. The practice benefits from a bus stop in front of the building and parking on the side streets.

The property is a converted residential building benefiting from a display bay window, part glazed door leading to a reception room, consulting room, kitchen, also upstairs there is a bathroom, office, and staff room.

The practice is leasehold under 999year lease with 889 years remaining with an annual rental of £1.68 (One pound and sixty eight pence). The premises are to be sold for offers around £145,000. According to the 2007 accounts the rates and water were £675.

Other information

Expansion potential:

Due to the existing owners other work commitments the business has always been run on a part-time basis (2.5 days per week from the owner) and affords significant scope for increased market share for a new owner wishing to expand the business via increased clinics and marketing and promotional activity.

Support & training:

Post sale support available to suit the requirements of the buyer.

Reasons for selling:

Genuine Retirement

Trading hours:

5 days PW with 2.5 days ophtalmic testing

Financing available:

Up to 100% funding is avialable for the business and 999 leasehold via the Royal Bank Of Scotland Healthcare Division (Subject To Status)

Furniture / Fixtures value:

£27,400 (included in the asking price)