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Optical Store And Optometry Practice In Queens, NY For Sale

Forest Hills, New York
Asking Price:
$325,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$635,000 (USD)
Cash Flow:
$150,000 (USD)

High fashion Optical Store on busy foot trafficked street in Queens, New York, for immediate sale. Owner is retiring and is willing to stay on during transition period.
Why compete with low end stores, chains, and the internet that you can never beat? This Optical Practice specializes in frames from high end independent boutique manufacturers from around the world.

We are the exclusive vendor in Queens for most of these collections and we have a loyal customer base with significant repeat business for the past 34 years.

Property Information

Real Estate:

Lease

Lease Terms:

Long lease - approximately 15 years left.

Location:

Prime street location in busy neighborhood.

Premises Details:

Street level store with high visibility.

Size in square feet:
1200 square feet plus full basement

Business Operation

Expansion Potential:

Store is open 6 days a week and and we accept very few insurances. Area is busy on Sundays with many restaurants and stores open.

Competition / Market:

For the past 34 years since we bought this existing practice, there has always been several competing optical stores in the neighborhood. We carry different collections from everyone else.

Reasons for selling:

Retirement.

Trading hours:

Monday through Saturday

Employees:
4
Years established:
34 years

Other Information

Support & training:

Willing to work during transition period and as needed.

Furniture / Fixtures value:
$100,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price

Contact Information

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