Acquisition Opportunity: Comprehensive Eye Care Services Company

VR Business Brokers, Mergers and Acquisitions is pleased to introduce an optical shop. They have dedicated serving their customers by focusing on building trust with them and their family. This trust has built a base of returning customers some of which for over 30 years. Their exceptional service is why they have been a staple in the community for 109 years. The knowledgeable staff is small with low turnover.

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HIGHLIGHTS

People:

? A Highly qualified eye doctor and optician with an experienced staff.

Place:

? Good for optometrists to have their own store.

? An estimated $550,000 in sales.

? Four new parks and housing units nearby.

Services:

? Accept most major insurances including BCBS, Health Partners, Preferred One, Aetna, Medica, United Health Care, UMR, Humana, Eye med, NVA and VSP.

Customers:

? A bustling locale with a steady flow of foot traffic, attracting an affluent demographic.

? Loyal - Some for over 30 years.

? Client database approximately – 6,000 names.

INDUSTRY MAKEUP(1)

• Industry continues to slowly recover from pandemic related declines.
• An aging population will likely support industry revenue growth and compounded by increases in federal funding for Medicare
• A strong labor market and rising disposable income are anticipated to contribute to increased consumer spending
• IBISWorld expects revenue to increase an annualized 2.0% to reach $12.4 billion over the five industry years to 2027.
• Making effective use of the OD's time is the key to seeing more patients, so practices delegate patient prep and education to optometric technicians and assistants.

(1) Vertical IQ

Sale Price $290,000- NDA required to view information

Contact Young Bebus, Managing Broker at [email protected] or 763-464-6357 or Bryan Rogers, Associate Broker at [email protected]? ?

Office: (651) 330-1767 | VR Business Brokers, Mergers & Acquisitions | www.VRTwinCities.com

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Services and Offerings

Business Appraisal|?Sell Side Representation?|Full Service Brokerage, Mergers & Acquisitions