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High-end CBD & Health Nutrition Store

Collin County, TX

High-end CBD & Health Nutrition Store
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Asking Price: $69,000

Cash Flow: $25,000

Gross Revenue: $228,000

EBITDA: N/A

FF&E: $12,000

Inventory: $30,000*

Established: 2017

*not included in asking price.

High-end CBD & Health Nutrition Store

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Business Description

High-end health nutrition CBD and supplement store placed in premium retail shopping plaza is now available for acquisition. This business was first established by the previous owner in 2017 and was later acquired by the current owner in 2018. This 1,164 SF health nutrition store is located in an end-cap space of premier retail strip center next to a busy intersection that is connected to a major highway and is surrounded by high-end retail businesses catering to upper-class demographics. Few competitors were found in the immediate market area, but this business is optimally placed next to one of the busiest highway in the city and has easy to access entrances compared to other competitors as well as being well positioned since its inception. This high-end health nutrition store offers various high quality products such as CBD products, fat burners, vitamins, protein, amino acids, recovery supplements, pre-workout, healthy snacks etc. which is superior to other competitors in the area while the competitors have standard products that is average at best. Most of the customers are middle to upper-class health conscious individuals that resides in the surrounding densely populated residential neighborhoods and fitness center customers that needs to purchase supplements. Gross sales of this business have been consistent for the last several years around $19,000 per month due to its prime location and some online marketing regularly done by the current owner. Although some marketing is in place through online, more store-level proactive marketing method such as direct mailing, coupons, loyalty program, bundle pack discounts, adding more product line etc. needs to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Since this business is operated as owner absentee, a full-time owner-operator will enjoy additional profit by cutting down unnecessary payroll expenses, but keeping current managers in place will still be beneficial as it will allow new owner for an additional time to proactively market the business for further growth. As CBD (Cannabidiol) products getting popular and favorable for many individuals, marketing of CBD products can draw huge customers which can increase the revenue of the business. This business is looking for a prepared entrepreneur who can be hands-on in the day-to-day business operation and conducting pro-active marketing for next level growth.

Listing ID #000878
For more info, please call Stephen Lee at 1-866-519-2421.

Detailed Information

Location:
Collin County, TX
Inventory:
Not included in asking price
Employees:
1FT/1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 1,169 SF end-cape space of retail strip center surrounded by high-end retail businesses catering to upper-class demographics.
Competition:
Few competitors are within the immediate market area, but this business is well-positioned in the area with easy accessibility and is anchored by the high-end retail shops in the same center.
Growth & Expansion:
Online marketing is in place as well as online store, but other local marketing tactics needs to be utilized.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason for Selling:
Looking for other opportunities
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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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