Catylist ID: #30680297
Exceptionally Profitable - Retail Store in the Wellness Business
Undisclosed Address, Maine
Business Opportunity for Sale
|Catylist Listing ID:||30680297|
|Property Subtypes:||Retail Stores|
|Building Size (RSF):||See Agent|
|Gross Revenue:||$0 (Annual)|
|Cash Flow:||$0 (Annual)|
Overview / Comments
The new owner of this profitable business will benefit from the following:
* Established business that has dominated its market area for more than 15 years.
* Steady retail sales through COVID.
* Loyal customer base with repeat business.
* Business was set up to flow easily by the current owner who has an MBA and extensive experience in the retail business industry.
* Employee turnover is low. 2/3 of employees have been with the business for more than 2 years.
* Strong social media following.
* Diverse supplier base of more than 100 companies.
|Industry Segment:||Other Retail Stores|
|Reason for Selling:||The owner is retiring.|
|Value of Inventory Included ($):||$73,000|
|Value of Furniture, Fixtures, and Equipment ($):||$0|
|Real Estate Status:||Leased|
|Value of Real Estate Included ($):||$0|
|Employee/Labor Description:||1 full-time employee (owner)/8 part-time employees|
|Mgmt/Training Support Description:||Very flexible. The current owner wants the business to be a success for the new owner, its employees, and customers; as such, is willing to assist in the training and transition of the business.|
|Competition/Market Description:||A unique retail business that dominates its market area.|
|Growth/Expansion Opportunities:||Online sales.|
Scott BalfourMagnusson Balfour Commercial & Business Brokers
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