Optical Eye Wear Retail Business In Miami Dade For Sale

Business description

This modern well decorated retail store is in a high traffic major mall in Miami Dade county. There is a doctor on the premises full time. His compensation is paid directly by customers. The business has been in the same shopping center since 1991. It includes a fully equipped Eye Exam Room with complete Optometrist Equipment. In addition to the doctor there is one manager, one receptionist / sales person and two part time employees. The hours of operation are 9 Am To 6 PM Monday to Friday and 10 Am to 3 PM on Saturday. The store is 1,800 Sq Ft and a lease can be obtained for as long as the buyer would like. $100,000 of Inventory and $50,000 FMV of equipment are included in the $499,000 asking price, which is based on a $244,648 Discretionary Cash Flow ( $144,648 Retail + $100,000 Doctor ).

Property information

Real Estate:

Lease

Lease terms:

As needed by buyer

Leasehold rent:

$62,400 per annum

Location:

Miami Dade County, Florida in a High Traffic Major Mall

Premises details:

1,800 Sq Ft modern up to date store

Size in square feet:

1,800 Sq Ft

Other information

Expansion potential:

Very good

Competition / Market:

Not a problem

Support & training:

30 days at no cost to buyer

Reasons for selling:

Other Business Interests

Trading hours:

9 to 6 M to F 10 to 3 Saturday

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

With a higher asking price of $800,000 Seller would finance $400,000 at 10% interest only for 3 years with a balloon in 3 years provided the note was secured by Real Estate

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)