Thriving,profitable natural foods store 1.3m annual revenues

East Greenwich, RI (Kent County)

Thriving,profitable natural foods store 1.3m annual revenues
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Asking Price: $750,000

Cash Flow: $230,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: $100,000

Inventory: $150,000

Rent: $6,500 /Month

Established: 1982

Thriving,profitable natural foods store 1.3m annual revenues

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Business Description

Wealthy community,loyal following, highly respected

This thriving, profitable 5400 sq.ft. natural foods store is located in the wealthy community of East Greenwich, R.I. For 37 years they have been a state wide leader in bringing “health solutions” to the community.
From the crunchy days of bran and granola, they now offer the most up to date products to meet ever changing customer demand. Their main focus is in the nutritional supplement and holistic body care offerings . Hemp CBD oil sales are very strong. The food focus is organic, gluten free, vegan, paleo and local made products.
They offer plenty of parking, an in store kids area, a mailing list of 5000 plus customers and a loyal community excited about their products, the education they offer and their long time knowledgeable, friendly staff.
Annual sales 1.3 million. Owners retiring .
Who should buy this business? Owner –operators who believe in natural “health solutions”, as well as strategic acquirers seeking a presence in this wealthy upscale community and strong ROI.

Attached Documents


Detailed Information

Location:
East Greenwich, RI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,400
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5400 sq. ft., 19 doors of frozen foods, dairy,produce, bulk olive oil and vinegar section, upgraded POS system.Buy IQ ordering system. Big parking lot on vibrant Main St. Kids section.
Competition:
This business is located in one of the top two wealthiest communities in R.I. Vibrant Main Street. Only independent natural foods store in southern R.I. Loyal following after 37 years in business. Database mailing list of over 5000 names.
Growth & Expansion:
Develop in-store juice/protein shake bar with cafe' environment. Expand highly profitable supplement section to included Sports Supplement set. Develop an on-line presence to sell supplements and related items. Create a home delivery service.
Support & Training:
Transitioning support from owners . Very knowledgeable operational staff in place. Two herbalists on staff for supplement training.
Reason for Selling:
Owners retiring due to newly arrived grandchildren.
Franchise:
This business is an established franchise
Business Website:
http://backtobasicsnaturalfoods.com
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Business Listed By:
Robert Hartman

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