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AJ002 -Long Established Independent High-Street Opticians

Asking Price: GBP 175000
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Business Location: United Kingdom » Others » Wimbledon 
Category: Services » Other Business Services
Description:
Long Established Independent High-Street Opticians
Ref.AJ002
Location Wimbledon
Asking Price £175,000+SAV
This well known and busy Optometrist has been trading for over 40 years. The present owners took over operations in 1989, and in 2007 completed a major re-branding to bring the business up-to date. Working out of a large 2 floor shop unit in an affluent area of South West London. The business enjoys high footfall and passing trade, due to the corner high-street location close to a commuter station, and major supermarket.

The vendor has took training as an ophthalmic opticians many years ago, and built a business including this site and a couple of others in different locations around South West London. As he has closed in on retirement, he has sold the other businesses, remaining at this core site until now. It is now time, to fully retire, and as such sell on this well established busy unit to new owners.

The business handles all clientele, with glass-unit racking around the ground floor filled with the latest designer frames. Towards the rear is one of the examination rooms. Downstairs in the basement, are further examination rooms, and a large retail space which is devoted to working with NHS patients, and stocking a range of frames for the more price conscious.

The business has full dispensing facilities on site, and can accommodate many customers in a friendly and professional atmosphere. Although the branding of the business now appeals to a wide demographic looking for a national chain feel, the business operations are still based around small scale operations, offering a family feel to the business, and attention to customer service, that has retained customers over many years.

The business dispenses around 95% of orders and caters for customers mostly 45+ yrs old. Around 80% of clients are private customers, with the remaining 20% NHS referrals. Customers can spend anywhere between £100 - £700 per visit, with the average around £200-300.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 300000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 1970
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 04
No of trading hours: Monday – Saturday: 9:30 am – 6:00 pm
Reasons for selling:
 After over 40 successful years growing and managing this profitable business, the owner feels it is time to enjoy his retirement, and hand the business over to fresh owners with the energy to take things forward from a sound footing.
Market competition and expansion:
 The business has carried out minimal advertising over the years, and has grown through footfall, recommendation and referral. The business could utilise a website, to drive customers to the front door, and deal with advance enquiries.
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