Beautiful, Local, Lavender Product Gallery

Edmonds, WA (Snohomish County)

Beautiful custom design
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Asking Price: $135,000

Cash Flow: $87,000

Gross Revenue: $200,000

EBITDA: $40,000

FF&E: $15,000

Inventory: $30,000

Rent: $2,000 /Month

Established: 2016

Beautiful, Local, Lavender Product Gallery

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Business Description

A great store in a perfect location!

Located in the heart of the thriving local community of Edmonds, this is one of the most beautiful stores in town. All of our over 200 lavender products are produced at the farm on San Juan Island guaranteeing our customers local, handcrafted products all made with our certified organic lavender essential oil. We have an established customer base and have an extremely good location just doors off the main square of downtown. We are loved by the community and are an attraction for the many tourists who visit our town. Edmonds is a very active community with a festival almost every summer weekend and a thriving farmer's market that happens just outside our door. During the winter months there are many events that draw crowds from all around to celebrate Christmas and the holidays in our town. As Seattle grows, communities like Edmonds become more and more attractive for people looking to escape the bustle of the urban areas. The ferry stop on the way to the Olympic Peninsula National Park is also a big draw for travelers in Washington State. And, speaking of travel, Edmonds is home to travel guru Rick Steves whose classes, talks, slide shows and store all bring many travel pilgrims to our town. Our store is a very successful destination for all who come to downtown Edmonds.

Detailed Information

Location:
Edmonds, WA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
12/31/2019
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We have the best landlords in Edmonds. We are just finishing our first lease and they have raised our rent just $100 over three years. We first signed up for a monthly rent of only $1900 for over 1100 square feet of usable space. There is a sizable kitchen, bathroom and tons of storage for inventory. This year they replaced the heating/cooling unit with a upgraded power pump system. The custom interior and all furnishing and inventory are included in the listing price. The interior of this store is a beautiful work of art.
Competition:
There are no other lavender stores in town. The closest is on Bainbridge Island a ferry ride away. Our location is the closest to downtown Seattle. The main farm store and harbor store is on San Juan Island and there is a store in La Conner, WA over an hour away.
Growth & Expansion:
There is so much potential to grow this store. The outreach and marketing has been focused locally in the Edmonds area and not into the downtown Seattle and surrounding markets. Because this store is closest to downtown Seattle a marketing outreach would make a significant difference in overall gross sales. Also, expanding and capitalizing on-line sales would provide another significant area of growth for these beautiful, local products.
Support & Training:
There will be training provided by the farm once the franchise agreement is finalized. We will be available for some training and support during the transition of ownership.
Reason for Selling:
Retirement/travel
Franchise:
This business is an established franchise
Business Website:
http://www.pelindabalavender.com/edmonds-wa-a/302.htm
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Business Listed By:
Lisa Reddick

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