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Optometric Practice With Retail Optical Dispensary For Sale

Westfield, NJ, New Jersey
Asking Price:
$325,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$850,000
Cash Flow:
$250,000

Well established optometric practice with retail optical dispensary located on in Westfield, NJ's central business district, with a large retail presence on the main thoroughfare.. Westfield was named as one of the top 5 shopping districts in NJ by NJ.Com in 2018.
We are a well-respected practice receiving the Faith in Westfield and Merchant of the year Award in past years.
Our office is open 6 days per week. We have a full retail dispensary with more than 400 current frames, a fully equipped finishing lab is on premises. Doctor' office consisting of exam lane, auto refractor, slit lamp, applanation tonometer, keratometer, chair w/stand, phoropter, bio indirect ophthalmoscope.
This is an outstanding opportunity for an MD/OD/OPTICAL professional looking for a turn-key practice. The present optometric practice can easily be increased.
The owners of this business are offering it for sale due to retirement. The sellers will ensure a smooth transition for a qualified buyer.
Gross revenue $850,00, offered at $325,000. Sellers are highly motivated and willing to negotiate.

If interested please contact the seller through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

2 - 5 year option

Leasehold Rent:

$84,000 per annum

Location:

Corner location on the main thoroughfare in the central business district of Westfield, NJ

Premises Details:

1754 sq. ft, consisting of retail, optometric lane, finishing lab and clerical space.

Size in square feet:
1,754

Business Operation

Expansion Potential:

Optometric practice can easily be increased with additional hours.

Competition / Market:

One optometric practice located in central business district.

Reasons for selling:

Retirement

Trading hours:

Monday, Tuesday, Wedday, Friday 9AM - 5:30PM
Thursday 9AM - 7PM
Saturday 9AM - 5PM

Employees:
Currently employed: Optometrist, 2 part time and 2 full time NJ licensed opticians and 2 clerical staff.
Years established:
Originally established in 1920

Other Information

Support & training:

Current owners and employees are willing to continue employment

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

Owners are willing to finance up to $50,000

Furniture / Fixtures value:
$24,000 - included in the asking price
Inventory / Stock value:
$28,000 - included in the asking price
Website:
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