Optical Marketplace

Established family Optical Business For Sale.

The practice has been established since 1984 (25 years) and is based in the heart of the Town Centre in Great Yarmouth, Norfolk. The practice has a excellent recall system with continuous 1 & 2 year recalls, from a very loyal customer base. There is currently a 4 year lease left on the existing premises with an option to renew & the rent is charged at £10,000 p.a, The business rate are approx £5800 p.a.

We have approx 10,000 patient records dating back to 2002 currently in the practice. The size of the premises is:-

SALES FLOOR:- 5.4m x 4.37m, Rear Room (Waiting Area): 6.81 meters x 3.72 meters,

Testing Room:- 12ft x 11ft,

Office 1 - 3.17m x 1.86m,

Office 2 - 2.82m x 2.60m,

Kitchen - 3.09m x 2.55m.

Type of equipment in test room = All Testing equipment is Leased, However the potential buyer could continue the lease agreement or pay an additional sum to clear the agreement (negotiable). Testing Chart, Electric Testing Chair, Mirror, Slit Lamp, NCT (Non Contact Tonometer), Complete Lens Box, Trial Frame.
Turnover on 1 days testing = £55 - 100k p.a
Potential turnover for optom = Depending on testing days i.e. 3 - 4 days could be potential £130k + p.a
Competition = Local competition Specsavers, Boots, 3 Independents.
Profit margin = With Stock & Purchases
2007 - 67%
2008 - 56%

With Stock, Purchases & Optom Fees -
2007 - 56%
2008 - 47.5 %