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Two CBD & Health Supplement

Collin County, TX

Two CBD & Health Supplement
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Asking Price: $108,000

Cash Flow: $24,853

Gross Revenue: $347,252

EBITDA: N/A

FF&E: $240,000

Inventory: $60,000*

Established: 2018

*not included in asking price.

Two CBD & Health Supplement

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Business Description

Two-location high-end health nutrition CBD and supplement stores placed in fast growing city are now available for acquisition as a package deal. The first location was originally established by the current owner in 2018 and is occupied with well-built modern interior look in 1,200 SF space of a premier retail strip center surrounded by some medical facilities and medical-related businesses/condos. The second location was first established by the previous owner in 2017 and was later acquired by the current owner in 2018, which is occupied in 1,164 SF end-space of upscale 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 for both businesses, but both are optimally placed next to one of the busiest highway in the city and have easy to access entrances compared to other competitors as well as being well positioned since its inception. These high-end health nutrition stores offer 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 first location have been steadily growing each month since its inception and does $11,000 per month and second location have been consistent for last 2 years around $19,000 per month. Some online marketing is in place as well as their own online store, but 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 both businesses are 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 is a great opportunity to acquire two well-positioned health nutrition stores as a package for potential buyer who is willing to be more hands-on in the day to day operation and marketing to reach out to untapped areas of the city.

Listing ID #000879
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:
2FT/2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The first place 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. The second place is 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 were found within the immediate market area of both locations, but these businesses are well-positioned with high-end brands' products superior than other competitors in the area.
Growth & Expansion:
Online marketing is in place as well as their 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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