High Volume Luxury Optical Store And Practice In Dallas For Sale

Business description

High volume, luxury optical for sale located in prestigious area of Dallas, TX. (4/10/12)

In less than five years when we purchased this two door operation from the current owners, we remodeled and each year have posted record growth. Our asking price (with the books to prove up as required) reflect the solid value and growth potential of our business. We have excellent discretionary cash flow and low liabilities which has resulted in a high ROI.

This past year 2011, we were selected as the Business of the Year by the North Tx Chamber of Commerce, Voted Best Optical in DFW for three years in a row, and the co-owner launched his own sunglass collection which has been publicized in every major luxury magazine in DFW and also a full page ad in the Dallas Morning News. Asking price is 1.9 million. Serious principles only. Sorry no owner financing, etc. To give you some idea of how we grew this business, when we purchased from the former owners their five year gross earnings were 350K we're over 1.6 million with solid growth happening every year with record gains and increasing net profit since we make our own lenses yes even in todays financial climate we keep growing.

We are the only ones in a three thousand mile radius to manufacturer our lenses on site for progressive lenses with all coatings and in high index and with transitions in less than one hour or our gurantee of twenty-four hours delivery to our customers.

We have just been honored with all this publicity which would probably exceed one hundred fifty thousand dollars. Lastly not only are we located in the upscale Highland Park, Turtle Creek and Uptown areas of town but behind our store currently under the final stages of construction is the prestigious Viking Sub-zero Wolfe luxury appliance retailer. We sit as the anchor store sitting right on the corner of a major intersection in this upscale area with the last traffic count in excess of 70k cars in a twenty four hour period (fact). We also currently are set up to accept all the major insurance plans and we have accounts with most if not all the major manufacturers in both luxury-high end and other optical companies. Our VIP email list alone is in excess of two thousand people who attend our fashion shows and events.

If you're looking to purchase a strong practice and with a loyal list of happy exclusive customers then look no further. Our top lines include Gold and Wood Paris, Alain Mikli, Phillipe Starcke, Dolce and Cabanna, Thierry Lasry, Alexander McQueen, Stella McCartney (exclusive for DFW) among many other great lines. Now including that of the co owner who's line will be sold at Bonwit Teller soon among other luxury retailers. Serious principals only. Confidentiality explicitly required as well as proof of financials are required will be required as is normal and customary.

Why would we want to sell such an awesome business. Quite simply we simply are looking to semi-retire but we're not we're not having a "fire sale" nor are we desperate. We are of course interested in serious offers naturally but believe we have priced the business within usual and customary methods of valuation. Our accounts are in order and not in some financial dire straits. If you are seriously looking to buy the best optical in DFW this is your golden opportunity! We believe will not be on the market long as it's located in a prime area of Dallas; has a strong history of non-stop growth each year and is priced at or below fair market value. We are the Owners/Sellers and we have just posted our store for sale only on this website only. (04/2012)

Property information

Real Estate:

Lease

Location:

We are brick and mortar store located in a strip shopping center with Viking Sub Zero Wolfe brand premier, largest two story flagship store in the entire southwest under construction with project completion anticipated May 2012. This high end appliance retailer location is adjacent to our parking lot and is directly behind our store

Premises details:

The store was completely remodeled in June 2006 when we discovered under the former owners pink terra cotta tiled floors seventy five year old terrazo tumbled marble. We installed crown molding throughout and have our own in house full service lab which not only edges but we manufacture our own lenses with all coatings including transistions done in house. We just put in new carpet on the doctors side (we're a one door operation since the OD owns the controlling interest) and the store is fresh appealing and contemporary in it's fixtures and displays.

Size in square feet:

approx 1400 sqft

Business Operation

Expansion potential:

The concept of our store can be duplicated again and we're structured and positioned to grow to open multiple locations throughou the metroplex with a huge competitive advantages which are currently trade secrets which will be glad to share upon serious inquiries after proof of financials etc have been met.

Competition / Market:

We were the underdogs in this area five years ago and now? We are the highest volume optical not only in our neighborhood but one of the highest in DFW and Safilo's top account in Texas. We're the top account for many of our lines we carry. We're not your typical mundane optical and yes it's that difference that has establishes us as the go to shop for well heeled Dallas-sites.

Reasons for selling:

We simply wish to semi-retire and move to California. We love we do and aren't in any financial straits or health crisis we just figure this is a good time to exit when we're on top our game including all these awards just this year alone and the store has so much more untapped potential that I know the new owners will quickly realize as we did when we bought over five years ago that we stumbled into a gold mine and one of which will be a bitter sweet moment when we sign the contract to the new owners. I hope this store goes to someone who's a good person and who will be as good as we have been to our customers and employees who have worked so hard for us to make us the success we are today. We really hope that the person or persons who purchase our store continue our legacy of success and enjoy owning it as much as we have ourselves. We've met famous celebrities, authors, movie stars, football stars, famous singers, artist and yes even famous designers who we caught purchasing eye wear other than the ones who their names were licensed to. Yes it's been truly amazing owning this store. We just wish to slow our lives down a bit. Please principle only need respond. Serious only for same.

Trading hours:

7 days a week operation

Employees:

9 employees

Years established:

2006 but has been in business for over 15 yrs plus in this same location. Was for many years Royal Opticals #1 Store

Other information

Support & training:

Our Store Director was formerly one of the top managers for Pearle Vision for over fifteen years. He is now on year number six with us and extremely knowledeable in all aspects of trouble shooting and is planning on staying with the new owners. Other staff members have been with the company for three years and we provide on going training on a regular basis. These guys can sale like nobody you've seen.