Location - Location - Location!
When you combine high margin eyewear with a great location, what do you get? Frames in this established store have an incredible markup and range mostly from $500 to $1000+. Lenses have more than double the frame markup and range from $200 to $1200. Complete the contact form in order to learn more.
If not already an optician, a buyer can take a 6-month training course offered by many schools for under $3000. Some schools are online. In the meantime, or alternatively, an optician may be hired for under $30/hr.
The seller needs heart surgery and has operated the store less than half time. While assessing this opportunity is possible by a diligent buyer, traditional financial documentation is not available. With leasehold improvements estimated at $40,000, equipment and fixtures estimated at $25,000, inventory of $25,000 ($100,000.00 retail), high profit margins, location, and reduced rent, this is a very unique and established opportunity for you, your spouse, or perhaps other family member.
The seller has been able to reduce the store lease from $8000 years ago to $4600 after NNN today and states the landlord is amenable to extending this lease amount to a new buyer. A closed restaurant is opening soon next door and should increase traffic on this already busy street. The location attracts tourists and locals.
This is a rare find in this part of Beverly Hills. Seller also states that the lease should allow for other high margin accessories. A new buyer will need to confirm and solidify lease terms with the landlord.
The listing agent Kaseu Huma (DRE #02124143) can be reached at kaseu.huma@fcbb.com or call (909) 968-9741
Ad#:2403428
