The company provides advanced and customizable lenses for patients with under-served visual conditions. The company is the go-to technical resource for practitioners who rely on experienced technical expertise and innovative solutions. The company manufactures in-house lenses and offers a selection of filters and coatings for low vision and traumatic brain injury. The company also offers a wide range of outsourced visual-related products.

Key Aspects

Revenue grew at a compounded annual growth rate (CAGR) of 37.3% from 2020 to the TTM ending June 30, 2023
Unique manufacturing processes and skillsets, allow the company to serve the most complicated visual conditions
Advanced and modern optical equipment, including cutting-edge devices for lens manufacturing, eyeglass frame adjustments, and precision measurements
Strong brand image, making it the go-to service for several Veteran Affairs (VA) hospitals
Diverse product offerings and lens fabrication technologies, delivering a variety of glasses and optical solutions
Trademarked, patent pending, and licensed processes and product lines

Opportunities

Expand current product offerings, such as concussion and epilepsy solutions, by wielding the existing manufacturing capabilities
Offer products directly to the end consumers, eliminating the third party distributors
Increase efforts to facilitate opticianry services to customers that do not dispense eyeglasses
Continue to innovate current products and processes, by expanding into other segments of the ophthalmologic industry

Headquartered

Mid-Atlantic United States

Current Markets

The company serves ophthalmologists, optometrists, opticians, and occupational therapists.

Real Estate

The company operates from a newly improved 12,000 sq. ft. facility that it owns. Management is willing to entertain including the real estate in the sale with the business or entering into a long-term lease.

Shareholder Objectives

The company has five owners who are all in agreement with the sale. Four of the owners are active in the management of the company. The owners are open to various deal structures and are willing to remain with the company under a new ownership for a transitional period.

Benchmark International

Benchmarks Exclusive Opportunities

Independent Lens Manufacturer with Expertise in Complex Visual Conditions BN000049572

Independent Lens Manufacturer with Expertise in Complex Visual Conditions BN000049572

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