Profitable Health Food Store for sale

Borger, TX (Hutchinson County)

Front of store
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Asking Price: $160,000

Cash Flow: $46,960

Gross Revenue: $225,949

EBITDA: $37,553

FF&E: $16,585

Inventory: $60,000

Real Estate: $45,000*

Established: 1987

*not included in asking price.

Profitable Health Food Store for sale

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Business Description

Owners retiring. Asking $160.000 for assets and inventory.

We are well known and have an established, positive reputation. Easy-to-adopt processes, attractive working hours, skilled employees, great location, loyal and growing customer base, and a vibrant social media presence.

We have a unique niche business with a wide selection of products that are of the highest quality. Everyone wants to be healthy and they want to learn how they can prevent diseases and get well using natural alternatives but oftentimes don’t know what to take or who to trust. It’s a very popular business to be in right now. We are the only Natural Foods Store in town.

For the past 12 months, sales have taken a sharp turn upward. We believe this is in part due to new additions to our product mix and which have been sustainably in demand. We also feel the economy has improved and we have hired a Social Media manager which has increased sales due to Facebook and Instagram posts. We have seen a 41% increase in sales in the first 8 months of 2018 as compared to the first 8 months of 2017. We see no reason why this increase in sales won’t continue to remain high.

Detailed Information

Included in asking price
Real Estate:
Not included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
We own the building which can be included in the sale for only $40,000. FFE totaling $16,585 at Fair Market Value which includes everything needed to run the store. Total SF is 2490 with Selling Space of 1490 SF. A large back area totaling 1000 SF could be turned into a cafe, room for a massage therapist, work out room etc. It currently houses a small kitchenette, storage and room for pricing out orders.
We are in a small town of 13,000 people but have several smaller towns within 15 -40 miles that we pull from. We are the only health food store in town. Our top 2 competitors are online (Amazon) and Natural Grocer’s in Amarillo, a city 50 miles away. Natural Grocers and United Supermarket sell lots of food items which we don’t so in that way they are not our competitors. We are clearly positioned as a leader in the Borger and surrounding area in the natural foods market. With no direct competition, we still have a large percentage of the market.
Growth & Expansion:
We believe that there is huge potential for growth and increased revenue such as extended store hours and being open on Saturdays. We also believe if someone could utilize technology better, there would be an increase in sales. A website, Social Media marketing, etc. are under utilized as we are not tech savvy.
If necessary, owner will finance with $80,000 down to qualified buyer.
Support & Training:
Will provide up to 2 months of training with staff eager to stay on. We can also be available on a consultant and contract labor basis for a period of time for a fee. We want you to succeed and will do what we can to get you trained. We have a Policy and Procedures Manual and a notebook detailing how to hire and train a new employee.
Reason for Selling:
We are 71 and 60 years old and want to retire.
Business Website:
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Business Location

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Business Listed By:
Harold or Sara Bumgarner

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