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$1.5 Million Revenue Luxury Sun Specialty Optical Store with 2 Locations in Maryland

State: 

Maryland

Category:

Optometry & Ophthalmology

Asking Price:

$2,000,000

Revenue:

$1,500,000

Listing Code:

MDMD1A

American HealthCare Capital is pleased to introduce a luxury sun specialty Optical store for sale in Maryland. The company has two retail locations in affluent areas of Maryland that specialize in providing a well-curated selection of the world’s best and most highly desirable eyewear brands. The owner’s goal was to provide customers with a unique eyewear shopping experience. The stores are clean and bright with the majority of merchandise available in open displays for customers to try on their own, along with a highly trained staff to assist with their personal needs. The company does not dispense prescription eyewear but provides prescription services to customers via an independent lab to produce both plano and prescription clear and sun lenses for its products sold.

Specs New York’s business is 100% cash and credit cards. 2021 year end revenue was $1.3 Million and an adjusted EBITDA of $335,000. Additional growth can be realized with an increase in social media and online advertising.

The existing staff is expected to stay on, and the seller will accommodate a transitional period.

The asking price for this opportunity is $2 million, which includes $500,000 in inventory.

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