Listing ID: 83307
Business Overview
22 Years in Business that never closed during the pandemic shutdown!
Over 30,000 cars per day pass by this location in Rankin County. This longstanding Health and Nutritional Supplement Store has seen steady growth. Over 20% growth in 2020 since the pandemic. Products offered are Vitamins, Herbs, Supplements, Homeopathic, Essential Oils, Multi-vitamins, Organic Products, CBD, Single Herbs, Herbal Formulas, Proteins, & Natural Food Supplements. A Practitioner visits 2 days per month to see repeat customers inside this location. The store has a loyal following and extensive customer base.
22 years in business with a loyal following of customers.
Only 1 other store in the Jackson Metro area like it.
Adding an Online Cart and Online Orders to website.
Financial
- Asking Price: $249,000
- Cash Flow: $94,192
- Gross Revenue: $376,192
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $90,000
- Inventory Included: Yes
- Established: 1999
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
2 weeks
retiring
Additional Info
The venture was started in 1999, making the business 23 years old.
The transaction shall include inventory valued at $90,000, which is included in the suggested price.
The company has 4 employees and resides in a building with approx. square footage of 1,600 sq ft.
The property is leased by the company for $1,656.25 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 absolutely different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in profits, or a range of other factors. This is why it is extremely crucial that you not rely absolutely on a seller's word, but rather, use the seller's solution in conjunction with your overall due diligence. This will repaint a much more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that earnings margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new customers? Often times, companies have repeat clients, which form the core of their daily profits. Certain factors such as brand-new competition sprouting up around the area, road construction, and personnel turn over can influence repeat clients and also adversely impact future incomes. One important thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the better the chance to build a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the regional mean household earnings influence future revenue potential?
