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Health Food Store-Fast Growing CBD Sales-$1.28 million Annual Revenues

North Kingstown, RI (Washington County)

Seller Financing Available
Health Food Store-Fast Growing CBD Sales-$1.28 million Annual Revenues
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Asking Price: $831,000

Cash Flow: $215,000

Gross Revenue: $1,280,000

EBITDA: N/A

FF&E: $150,000

Inventory: $100,000

Rent: $0.00

Established: 1988

Health Food Store-Fast Growing CBD Sales-$1.28 million Annual Revenues

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Business Description

For over thirty years this profitable health food and naturals food grocery store has grown and served a loyal community of customers. Major products are CBD oils, supplements, holistic body care, gluten and allergen free food products. CBD oil sales have risen from a zero base to a six figure annual run rate. Complete range of natural food products for health conscious consumers. Very interesting and educational shopping experience in a 6,000 sf facility with thousands of products. Knowledgeable staff who have contributed to the growth of this regional brand. This is a loyal customer community supported by product education in an economically strong area. Sales exceed $1.2 million annually. Competitive prices, wide range of products.

Ten percent Seller financing for credit strong Buyer (need full personal guaranty). Two years, straightline, principal and interest, 8%.

Modern two story facility near major college. Much parking.

Three family members are employed.

The sale includes over 5,000 database email contacts.

Who should buy this business? Owner-operators who believe in natural products as well as strategic acquirers seeking a presence in this major retail district.

Modern two story facility near major college.

Growth opportunities include adding on line sales ecommerce capability to web site.

Detailed Information

Location:
North Kingstown, RI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
N/A
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
6,000 sf two story facility. Much parking. Full glass exterior.
Competition:
On line marketing with often limited product lines and lacking direct sales approach offered by this company.
Growth & Expansion:
Develop in store-Juice and protein bar cafe. Selectively expand supplements. Create home delivery good service program. Add on line sales to web site. Continue and grow the educational component of this business model including hosting expert speakers on site as well as offering relevant content rich reading materials.
Financing:
Ten percent for credit strong buyer
Support & Training:
Two weeks equivalent, then open to long term consulting (subject to definitive legal agreement).
Reason for Selling:
Family moving to New Hampshire.
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Robert Flynn

Business Listed By:
Robert Flynn

United Brokers Group LLC

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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