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Health Food Store & Online Sales Operation
Location New York,United States
Asking Price Range < $250K
Gross Revenues $270000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1969
Number of Employees 4 - 5
Inventory 60000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description This specialty health and diet food operation has been in business on in a prime downtown location in a thriving business district on the south shore of Long Island for 37 years. The owner has been well-established in the community and has built up good will and name recognition.
The store has been grossing $250,000 and they expect that they will gross $270,000 this year. Current sales have been up 10% month-over-month. Margins are running at 33-34% and current inventory is around $60,000. The store is open 6 days a week from 10 - 6 and THEY DO ABSOLUTELY NO ADVERTISING OR PROMOTION. Keeping the store open longer hours and on Sundays would take a new owner to a higher threshold. In addition, it should be noted that the owner has been scaling back on the verge of retirement for several years and therefore the business would benefit from updating the merchandising, and maintaining a proper inventory would add exponential revenue potential. Throw in the advertising and promotion and the business would go even further.
The owner has developed an adjunct internet business. The website features 20,000 items for sale through 800 established manufacturers. Links have been established to the websites of the majority of these companies. Working relationships have been established with all vendors on prime business customer terms. Shipping and ordering processes are fully operational. To date, there are 800 customers signed up to the website and sales are running approximately $2,000 per month. There has also been no promotion or advertising for this business, and clearly with a modicum of marketing effort this business is poised for superior growth. The structure and reach of this website is comparable to mothernature.com which is the category leader nationally in the online health food segment.
This is an outstanding opportunity to but into a high growth business at a discounted price. Additional details upon request.
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