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Health Nutrition Retail Store And Online Business
Location New York,United States
Asking Price Range < $250K
Gross Revenues $653182
Net Profit / Cash Flow $73545
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Description Unique Health, Nutrition, Vitamin business with brick and mortar retail store for sale and online presence. Run completely absentee. Since 1999 this business has been providing providing a wide selection of products to fit individual needs and fundamental advice. The owners are medical professionals that have operated the business on an absentee basis since it opened. The current staff is highly skilled and willing to stay on with a new owner. In 2009 total gross sales were approx. $656,079 ($474,079 from store sales and $182,000 from online sales) with a Net Income of approx. $73,546. That is after payroll of approx. $104,000. An owner-operator could cut the payroll in half or more. Rent is only 2,000 per month and the landlord will offer a 10 year lease. It is important to note that traffic to the online store has been controlled by pay-per-click advertising. When the owners put a strong push on the online sales in 2007, the online sales alone reached nearly $1,000,000. This can be verified. The online portion of the business became too difficult to manage on an absentee basis and they drastically reduced their advertising budget to create a more manageable business. The owners will train a new buyer in how to correctly market the business to build that strong online presence once more. This is a fantastic opportunity for someone with time and energy to be a full-time owner operator. The business is a steal at $210K with $140K down. In fact, it includes approx. $175,000 in current inventory.
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