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Upper Midwest Area Multi-location Pearle Vision Optometry And Optical Practice For Sale. $7.7 Million Revenue And Over $1.2m Ebitda. 54270 For Sale

Illinois, US
Asking Price:
$5,500,000 Inventory / Stock included
Sales Revenue:
$7,706,965
Cash Flow:
$1,235,774

This is a rare opportunity to purchase one of the largest, most successful multi-location Pearle Vision franchises in the country. The well-established, four location practice features:
• Gorgeous, turnkey facilities in highly desirable locations with consistently high on-line customer reviews.
• Practice sees over 20,000 patients per year.
• Well-trained and very experienced staff
• POS and online appointment booking software.
• The 4 locations have a combined 11,826 total SF, 7,700 total SF of dispensary space, and 9 exam rooms (with extra equipment to outfit a 10th). Each location has a pretesting room, contact lens room, and finishing lab.
• In 2022, sales exceeded $7.7 Million and EBITDA was over $1.2 Million.
• Purchase price includes $800,000 of inventory.
• In 2023, Entrepreneur’s Franchise 500 ranked Pearle Vision as the No. 1 Eye Care & Eyewear brand and No. 38 overall franchise due to its outstanding performance in areas including unit growth, financial strength and stability, and brand power!
• This is a tremendous opportunity for a strategic buyer looking for their first Pearle Vision platform acquisition or for an existing franchise to add to its existing footprint.

Sunbelt Listing ID: 54270

Real Estate Available: No
Real Estate Included: No

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No

Property Information

Size in square feet:
11,826

Business Operation

Reasons for selling:

Retirement

Employees:
Full Time: 49

Franchise Information

Franchise opportunity:

Yes

Other Information

Financing available:

Downpayment Required: $5,500,000.00

Inventory / Stock value:
$800,000 - included in the asking price