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
Sale Price: $369,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 6/18/2021

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.

Additional Details

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.

Contact

Photograph of Listing Agent

Scott Balfour

Magnusson Balfour Commercial & Business Brokers
NECPE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.