Optical Lab For Sale

Business description

Full service boutique optical lab with a niche in the high end/luxury market specializing in customized orders, rimless and groove mounts eyewear, reading glasses, sport glasses, sunglasses accessories, finishing, & lenses located in Orange County area.

According to the owner this lab has very knowledgeable & well experienced work force & technicians with great expertise in providing high quality products in the optical industry. The owner himself is very well known in the high end segment r of eyewear industry & considers being one of the experts in designing lenses.

The customer base for this lab is over 1700 accounts, which about 25% are active. Average daily job is around 100, & average ticket runs about $160 with 30% profit on the jobs. The net profit used to be about $250,000 a year just in a few years back & because of some financial decisions taken by the owner which were unrelated to this business, bulk of revenue is going to cover the interest on the different loans & financial obligations & prevents the owner to invest in the newest type of machinery which speeds up the job compellation & enhance the cash flow.

The owner is also considering partnership with interested party since he believes he can turn around the company & increase the revenue level up to 100% of the current level in a year or so.

Annual Revenue: $1,300,000
FF&E: $180,000 (Included in the price)
Inventory: $55,000 (Included in the price)
Seller’s Discretionary Cash Flow: $Call/Email
Asking Price: $650,000

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

For more information contact Mehdi Kazerooni, SUNBELT BUSINESS BROKERS of ORANGE COAST at ------------. fax: ------------.
email: -----@-------------.---

For a complete listing of our currently available business opportunities go to: ---.-------------.---

Property information

Real Estate:

Lease

Premises details:

6504 sq ft, $6764.00

Business Operation

Reasons for selling:

other ventures.

Employees:

Full Time: 11

Years established:

10

Other information

Financing available:

Downpayment Required: $0
Monthly Payroll: $35,000

Furniture / Fixtures value:

$180,000 (included in the asking price)

Inventory / Stock value:

$55,000 (included in the asking price)