Health Nutrition Retail Store and Online Business - 15675 Business Type: owner financing available,absentee business,nutrition & health food,health/beauty/nutrition supply,internet businesses,domain names/ basic sites,misc. internet/technology/non-classifiable,internet consumer services (b2c)
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $210,000 | Down Payment | $140,000 |
| Gross Revenues | $653,182 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $73,545 | Number of FT Employees | Register Free to View |
Financing
$140,000 Down and $70,000 over 6 years @ 7%.
Business Description
Unique Health, Nutrition, Vitamin business with brick and mortar retail store and online presence. Run completely absentee. Since 1999 this business has been providing providing a wide selection of products to fit individual needs and fundamental advice. The owners are medical professionals that have operated the business on an absentee basis since it opened. The current staff is highly skilled and willing to stay on with a new owner. In 2009 total gross sales were approx. $656,079.00 ($474,079 from store sales and $182,000 from online sales) with a Net Income of approx. $73,546.00. That is after payroll of approx. $104,000.00. An owner-operator could cut the payroll in half or more. Rent is only 2,000 per month and the landlord will offer a 10 year lease. It is important to note that traffic to the online store has been controlled by pay-per-click advertising. When the owners put a strong push on the online sales in 2007, the online sales alone reached nearly $1,000,000.00. This can be verified. The online portion of the business became too difficult to manage on an absentee basis and they drastically reduced their advertising budget to create a more manageable business. The owners will train a new buyer in how to correctly market the business to build that strong online presence once more. This is a fantastic opportunity for someone with time and energy to be a full-time owner operator. The business is a steal at $210K with $140K down. In fact, it includes approx. $175,000 in current inventory.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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