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100-Year-Old Optical Practice for Sale in Bishop's Stortford, Hertfordshire

Bishops Stortford, Hertfordshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    24/04/22

  • Advert ID

    294211

  • Asking Price: £216,500
  • Turnover: £204,252 (£3,928 Per week)
  • Net Profit: On request

Key Features

  • Established Business
  • Prime Location
  • Accounts Available
  • Company for Sale
  • Attractive Business
  • Small Business
  • Close to Local Amenities

Business Details

Independent Optical Practice for sale in Bishop's Stortford, Herts.

We are an Independent High Street Practice in the growing town of Bishop's Stortford, currently celebrating our 100th year in business, having started a few doors away in March 1922 and having moved into our current premises on 15 March 1933.

Bishop's Stortford is ostensibly a market town that has grown to become a commuter satellite to both London and Cambridge. Five thousand new homes have led us to attract an additional average of 1-2 patients per day. The town has also attracted many young families due to having three very sought-after schools within walking distance of the town centre; as a consequence, we have a very robust children's clinic. We also cater for children with more special requirements and were one of the first Practices in the UK to offer coloured overlay testing and colorimetry.

We currently have one working testing room but our landlord is happy for a second one to be created in part of what is currently our large staff area / back office. We have a separate fields room and an annexe that could easily be converted into a dispensing space.

The main front window is arguably one of the largest on the high street and, together with a smaller 'display cabinet' window, is currently dressed by a locally-based, but international, spectacle manufacturer whose frames we are happy to stock.

We are also home to the Bishop's Stortford Art Wall, which is a space in the main area of the Practice, some 3m x 1.7m in area, designated for the use of local artists, photographers and designers, to display their creative talents for one month at a time. It is often featured in the local Independent newspaper, which not only gives the Practice excellent coverage, but also provides us with free, frequently changing works of art.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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