Attractive, recently renovated health food store offering all non GMO products. Well established, in a prime location, with excellent staff in place. Grosses about $800k per year with a 40% gross margin. Store has a lot of room to add different traffic generator categories. Perfect for someone interested in a holistic life style. Store shows beautifully. THE PRICE INCLUDES $100K IN INVENTORY, WHICH MEANS YOU ARE BUYING THE BUSINESS FOR $50K, WHICH IS A FRACTION OF THE COST OF THE BUILD OUT.
The previous owner spend $120K for renovations in 2015.
The space is 2,756 sq. ft. Main road location with excellent visibility. Very ample parking.
Add a juice/smoothie bar, prepared sandwiches and salads (would require an investment of $25-$40k). Marketing, advertising, promotion and Special events.
Whole foods would be their main competitor. Hardly any independent stores within the area. Ability to provide personal service is a differentiator with a Whole Foods.
Young seller (24 years old) is going back into the hedge fund/financial community. Since she bought the store, she wasn't able to devote the time and energy to grow the revenues of the business.
Will train for 2 weeks @ no cost. Category breakdown is 40% Vitamins and Supplements, 30% health food and 30% Beauty and personal care and general merchandise. Important to have an interest in a healthy lifestyle. May want to get a common victualler license to prepare and sell food and juices/smoothies.