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: 9/14/2021

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.


Photograph of Listing Agent

Scott Balfour

Magnusson Balfour Commercial & Business Brokers
NECPE Member
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