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Business for Sale Summary

Landmark Health Food Store for sale in NY - 34153

Business Type: delicatessen/catering services,green businesses,green grocers / fruit sellers,gym/health club,healthcare related services,misc. retail/non-classifiable,nutrition & health food,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,health/beauty/nutrition supply
Owner Financing
Landmark Health Food Store for sale in NY
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This business has received 62 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $469,000 Down Payment $330,000
Gross Revenues $833,585 Lease Remaining Register Free to View
Owner’s Cash Flow $185,400 Number of FT Employees Register Free to View

Financing

$330,000 Down and $139K over 5yrs. @ 6% A qualified buyer may also be able to assume an existing $150K SBA loan to be repaid over 30 yrs. @ only 3%.

Business Description

Landmark Health Food Store. **Price Reduced** Established in 1975, this business has been serving the local community with all of their health food needs for 46 years! They offer a full-service juice bar, wraps, salads, soups and stews. They also offer grab and go options including cold pressed juices. In addition, the offer a full line of vitamins, supplements and organic groceries. The store is 1,700 sf. and located in a prime area. There are 10 years left on the current lease (5 5) with a rent of $6,200/mth. Store sales have been very steady of the past 3 years, despite the pandemic. 2020 gross sales were $787,801.00 with an owner’s cash flow of approx. $185,400.00 (this is a conservative figure). These are true and accurate figures that numbers come from the 2020 tax returns. The store has been recently renovated and updated. There is a full staff of 5 F/T and 6 P/T employees. The owner is seeking to retire, but will stay on board for a thorough training and transition period. We are seeking a serious and financially qualified buyer with some direct industry experience or experience in a related industry and at least $330K in liquid funds to cover the down payment. The sale price INCLUDES roughly $115K in inventory! Proof of funds will be requested prior to any meetings or phone calls with the seller. A qualified buyer may also be able to assume an existing $150K SBA loan to be repaid over 30 yrs. @ only 3%. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.