Optical Center Franchise

Financial & Assets Details

About the Business

Business Description

This franchise location, part of a top-rated national franchise brand, was purchased as a corporate store in 2013 and is located in Columbia Tennessee. It has an excellent corner location with very substantial vehicle traffic daily.

The business was traditionally run by absentee owners, except recently the owner has gotten more involved until they find a full time Optometrist (currently Optometrists is 3 days a week). The location has approximately 2,640 square feet of commercial space and is equipped with two examination rooms and its own finishing lab. It is open 6 days a week, accepting all insurance (except for medical).

The business offers services such as:
• Eye exams for adults, children, and seniors
• Contact lens exams and fittings
• Diabetic eyecare
• Glasses frame and lens selection
• Treatment for common eye conditions, such as nearsightedness, farsightedness, pink eye, dry eyes, and more

Caring for eyes and the people behind them is at the center of everything this franchise brand is all about since it started 50 years ago. Now, over 50 years later, each of the 110 corporate stores and 419 franchises throughout North America practices carries the legacy of this commitment and is part of the largest eyewear company in the world.

The Business’ vision is to offer best in class doctors, unmatched commitment to care from the exam room to the retail floor, premiere assortment of frames and lenses, and serving the community of patients and customers with their Eyecare and Eye Wear needs.

According to IBISWorld, the expanding medical needs of an aging population will be a defining characteristic of optometry moving forward. As the population ages, the incidence of eye diseases increases alongside visual impairments, expanding the need for comprehensive eye exams.

Consolidation activity will ramp up, shifting the industry's makeup from small, private practices to larger multi-practitioner or eye care groups. Eye care groups, often backed by private equity, offer patients access to multiple specialties and innovative diagnostic equipment. In all, revenue will expand at a CAGR of 1.9% to an estimated $25.7 billion over the next five years.

Growth & Expansion

Excellent

Reason for Selling:

Retirement