Luxury Eyewear Store in Midtown Manhattan - 26641 Business Type: apparel and accessory store,misc. retail/non-classifiable,health/medical/dental practices,healthcare related services,optical
Acted as the Advisor to the Deal
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!
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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.
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