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Luxury Optical Retailer

Above market offer from an international strategic buyer

Luxury optical retailer with two stores dominant in one metro area. The business is profitable; has a loyal, repeat customer base; and has a unique brand and sales process. Exit challenges were: a) the financials were not“buyer ready” and b) most buyers were local and did not have a bigger vision and price in mind. Our team directed strategic advice to the accounting firm and owner to overhaul the accounting, which resulted in buyer-ready financials. Our team attracted an international strategic buyer that paid an amount that was much higher than local buyers and met client expectations.