Established High-End Eyewear Boutique – Turnkey Operation

Price: $575,000

Location: Salt Lake City, UT

Listing ID: 296

Listing Status: New

Description

A rare opportunity to acquire a profitable, well-established optical boutique with a rich history and a loyal clientele. Located in the vibrant Trolley Square of Salt Lake City, this business has been crafting bespoke luxury eyewear since 1965, serving discerning clients across the US and Asia. The boutique offers a unique blend of modern, custom, and vintage styles, along with frame repair and restoration services, utilizing both advanced technology and traditional methods. With a strong reputation for unparalleled craftsmanship and exceptional customer service, this business enjoys a high repeat customer rate and significant growth potential.

The boutique carries a curated selection of high-end designer frames, including Tom Ford, Gucci, and Saint Laurent, catering to a clientele that appreciates quality and exclusivity. In 2023, the business generated $522,366 in revenue and $178,088 in cash flow, with projections for 2024 indicating continued growth. This success is built on a solid foundation of personalized service, a strong brand identity, and a prime location in a bustling shopping district.

A new owner can leverage existing brand equity and capitalize on numerous growth opportunities. Expanding the social media presence, leasing space to an optometrist, and extending operating hours are just a few avenues for increasing revenue and profitability. The current owner, who is also the sole employee, is willing to finance a significant portion of the purchase price and provide support during the transition. This turnkey business is primed for an entrepreneur or investor seeking a unique opportunity in the luxury retail market.

LISTING DETAILS

Total Sales: $555,000

Cash Flow: $ 246,260 (2024 Forecast)

Operation

Year Established: 1984

Employees: The Owner is the only employee. He works 6 days a week.

Location

Type of Location: Salt Lake City, UT

Summary

Reason For Sale:

Retirement

Competition:

This established optical boutique offers high-end eyewear and personalized service, boasting a loyal clientele and strong financials. With a prime location and legacy reputation, it presents a unique opportunity for expansion and increased profitability. However, the business currently relies heavily on the owner's expertise and limited operating hours may restrict growth. A potential buyer should be prepared to invest in marketing, staffing, and potentially leasing additional space to maximize the boutique's potential.

Potential Growth:

This established optical boutique offers high-end eyewear and personalized service, resulting in a loyal customer base and strong financials. Growth opportunities include expanding marketing efforts, leasing space to an optometrist, and extending operating hours. With a high cash flow margin and seller financing available, this acquisition presents a compelling opportunity for a buyer seeking a profitable and scalable business.