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Luxury Health Care Products
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $700000
Net Profit / Cash Flow $250000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 1 - 3
Inventory 65000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Other ventures.
Description This Southern California relaxation destination store has been steadily growing since it's inception in 2003 to approximately $700,000.00 in sales in 2007. The store has a prime location in an increasingly expanding and successful mall adjacent to one of Orange County?s major freeways. The store is unique in that it carries primarily big ticket items such as the top therapeutic mattresses, massage chairs, and infrared saunas all in the same store. The seller is offering a potential buyer more than 50% seller financing over a period of a few years.
The store is an authorized dealer for TEMPUR-PEDIC, the worlds? fastest selling sleep system, and enjoys high margins with the TEMPUR-PEDIC price protection policy. The store also has an exclusive territory for the SAUNA-PEDIC infra-red saunas, which are hot new product featuring great health benefits, easy snap together construction, a standard 110 volt connection, and no plumbing or special wiring required for installation. In addition, the store has enjoyed high margins and very few complaints for the popular Inada massage chairs, which have been advertised as one of the most advanced massage chairs on the market today.
Store sales have seasonal spikes especially during the Christmas period when sales can be 3 times a normal month. The current store manager would be in a position to remain in place for an absentee or part time owner. Further, a low cost 3rd party warehouse and delivery service has also been established to be utilized for all storage and delivery requirements. This store has great relationships with its vendors and established systems to help a new owner run the business efficiently almost immediately.
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