MergerPlace

Vision Center

New York (Queens)


  • Asking Price: $219,000
  • Gross Income: $660,000
  • Cash Flow: $206,088
  • Real Estate: Not Disclosed
  • Inventory: $25,000
  • FF&E: $88,000
  • Listing ID: #212662
  • Established: 2018
  • Employees: 3 FT

Business Description

This location was opened by the Licensee. They act like a franchise. They have a registered Sub-licensing agreement with the FTC. They charge an 8% royalty to all sub-licensees. They sell high-end eyeglass frames, prescription and non-prescription lenses.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: New York
County: Queens

Company Information

Year Established: 2018
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT

Financial Information

Asking Price: $219,000
Gross Revenue: $660,000
Cash Flow: $206,088
FF&E: $88,000
Inventory: $25,000
Seller Financing Available: No

Property Information

Facilities:

The business is located in a small Express type location inside a very heavily trafficked CENTURY 21 RETAIL STORE. The retail store itself generates the traffic.

Growth & expansion opportunities:

Needs hands on manager either with an owner-operator or a better manager.

Competition:

They have exclusive rights in the Century 21 complex, so there is no competition within the location.

Reason for selling:

The company is in the business of sub-licensing, not operating all the locations.

Support & Training:

Will train for 1 week @ $0 cost.

Contact Business Seller

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Business Listed By:

Bernie Siegel

Murphy Business Brokers