Profitable Retail Nutrition Business - 2 Locations |
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Business Summary:
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Outstanding opportunity and price reduction for these 2 nutrition stores to $150,000 plus inventory. The owner wants to focus efforts outside of MI. These two cash flowing stores are just too far for him to manage. One store will benefit from its largest competitor leaving the market on March 1, 2020. They are capitalizing on this huge opportunity to serve more customers. With an industry growth rate expected to be near 8%, the upside to this investment is sizable with a shrinking payback period.
These locations are in well populated areas and this business has a great brand with average annual sales over 1 million the last three years. Total return on this business would benefit from an owner operator. Additionally, there is plenty of room to expand in product lines and online distribution. Success has used a model of coaching and training clients to help them achieve their health and fitness goals, helping build a strong and loyal customer base. Known for premium quality products and service this business is ready for you to take the reigns. The ideal buyer of the business would be someone that is community driven and has a strong marketing background along with a passion for healthy living. |
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Facilities / Lease Terms:
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Two retail store fronts in high traffic locations. Each location is approximately 1500 square feet, lease details are available on request. Both locations are relocatable.
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Real Estate:
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Real estate is leased. Businesses can be relocated or leases can be extended.
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Growth Opportunity:
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Growth opportunities are numerous in the supplement market and more specifically with this business. The trend is positive for the industry over the next 7 years and these locations are ready for the next owner to increase sales with a renewed focus on advertising and marketing. Social media is currently under-utilized and product mix can be enhanced to increase margins and overall profitability.
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Competition:
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There are several competitors in this space, direct specialty retailers, larger retail chain locations and online sales. The online and larger retail locations are dependent on the customer knowledge and are not a main threat as the business model with this location is built on creating a customized solution for clients that the larger entities and online suppliers can’t replicate. Competition leads to greater market awareness and opportunity for the right owner with marketing and social media expertise.
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Financing:
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Seller will consider offers that include some seller financing if needed.
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Support & Training:
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Seller will provide training to help the purchaser take over providing a smooth transition while learning the business and its operating activities, gaining and understanding of the customers and vendor partners, and building a working relationship with the employees.
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Reason for Selling:
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Seller wants to relocate with family out of the area and is looking for qualified buyer that will take pride in maintaining the integrity and reputation that has been established. Seller will be available to work in the business during the transition.
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Broker Contact:
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Larry Baumgart – Advanced Business Advisors, LLC
Direct: 269-330-6924 Fax: 248-564-5259 E-mail: Larry.Baumgart@AdvancedBusinessAdvisorsLLC.com |
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*The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility.
Above information is subject to change and/or correction and should not be considered binding.
