- Overview: An optical store is a profitable business with a median profit margin of 61% for independent opticals.
- Gross Margins: Gross margins are typically around 40%, allowing effective cost management.
- Revenue Streams: Popular revenue streams include sunglasses and accessories with high-profit margins.
- Startup Costs: Starting an optical store requires approximately 8 to 12 lakhs with an average time of 7 months to build an online store.
- Skill Requirements: Finding suppliers, creating a business vision, and managing illiquid goods are essential skills.
- Product Diversity: Offering a diverse range of eyewear products can attract a larger customer base and increase sales.
- Optimal Locations: Good locations for optical shops include storefronts along streets, commercial areas, community stores, and schools.
- Average Sales: Established optical shops report average monthly sales ranging from $125,000 to $205,000.
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