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This Business has been Sold!
Closing Date: 03/31/2017
Broker: Jay Goldman

Business for Sale Summary

Luxury Eyewear Store in Midtown Manhattan - 26641

Business Type: apparel and accessory store,misc. retail/non-classifiable,health/medical/dental practices,healthcare related services,best deals!,new to market,optical
Sold
Luxury Eyewear Store in Midtown Manhattan
On March 31st 2017, The Undersigned
Acted as the Advisor to the Deal
Jay Goldman
Jay Goldman Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, New York County NY, Queens County NY, Westchester County NY, CT, NJ
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $300,000 Down Payment $300,000
Gross Revenues $650,000 Lease Remaining Register Free to View
Owner’s Cash Flow $132,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and Make Your Best All Down Offer!

Business Description

This Luxury Eyewear Store near The Empire State Building and Penn Station is where local residents, commuters, and tourists keep coming back for their high-end eyewear, including prescription glasses, sunglasses, designer frames and contact lenses. Designer eyewear hails from Gucci, Bulgari, Tom Ford, Prada and many others. Just wait until you see this store's great Yelp reviews! Rent is only $6,958/month for 1,500 square feet of more than ample space. There are about 8 years left on the lease. Open Monday-Saturday 10am-8pm. The seller has been in the eyewear business for more than 25 years and is now ready to retire. All of the store's equipment and inventory is included in the asking price. His inventory is comprised of $55K in frames, $2.5K in contact lenses, and $2.5K in uncut eyeglass lenses. He estimates the replacement cost of the furniture, fixtures and equipment at $75K.A brand new central air conditioning system was installed recently. The seller's loyal and highly trained employees would like to stay on. You will have plenty of upside as the business has been successfully running without a website or any kind of social media strategy. Make Your Best All Down Offer --This One Won't Last Long!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.