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Newly Established CBD & Health Supplement Store

Collin County, TX

Newly Established CBD & Health Supplement Store
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Asking Price: $39,000

Cash Flow: $15,000

Gross Revenue: $132,000

EBITDA: N/A

FF&E: $120,000

Inventory: $30,000*

Established: 2018

*not included in asking price.

Newly Established CBD & Health Supplement Store

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Business Description

Newly established health nutrition CBD and supplement store in medical condo district is now available for acquisition. This business was established by the current owner in 2018 and fully built out with top-of-the-line fixtures/furniture. This 1,200 SF health nutrition store which features well-built modern interior look is located in a premier retail strip center surrounded by some medical facilities and medical-related businesses/condos which brings consistent traffic to the area. There are quite a few corporate competitors within the immediate market area, but this health nutrition store has numerous high-end brands' products in place while other corporate competitors have standard products and is placed in an area where it can't be utilized for growth such as this business. This business offers various high quality products such as CBD products, fat burners, vitamins, protein, amino acids, recovery supplements, pre-workout, healthy snacks etc. Most of the customers are upper-class health conscious individuals of well-mixed demographics that reside in the surrounding neighborhoods as well as customers visiting the medical condos nearby the business. Gross sales of this nutrition store have been steadily growing each month since its inception and do $11,000 per month due to its prime location with some online marketing regularly done by the current owner. Although some marketing is in place through online, more of 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 additional time to proactively market the business for further growth. As CBD (Cannabidiol) products getting popular and favorable for people, 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 #000880
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 1,200 SF space of a retail strip center surrounded by medical facilities and condos that brings consistent traffic to the area.
Competition:
Few corporate competitors are within the immediate market area, but these corporate competitors have standard average products and don’t have the high-end brands that this business has in place.
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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