MergerPlace

Health Food Market

Massachusetts (Middlesex)


  • Asking Price: $150,000
  • Gross Income: $795,383
  • Cash Flow: $63,047
  • Real Estate: Not Disclosed
  • Inventory: $100,000
  • FF&E: $40,000
  • Listing ID: #205805
  • Established: 2000
  • Employees: 2 FT/ 8 PT

Business Description

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.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Massachusetts
County: Middlesex

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT/ 8 PT

Financial Information

Asking Price: $150,000
Gross Revenue: $795,383
Cash Flow: $63,047
FF&E: $40,000
Inventory: $100,000
Seller Financing Available: Yes

Property Information

Facilities:

The space is 2,756 sq. ft. Main road location with excellent visibility. Very ample parking.

Growth & expansion opportunities:

Add a juice/smoothie bar, prepared sandwiches and salads (would require an investment of $25-$40k). Marketing, advertising, promotion and Special events.

Competition:

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.

Reason for selling:

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.

Support & Training:

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.

Contact Business Seller

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Business Listed By:

Ira Rashap

Murphy Business Brokers