Price: $217,000
Location: Pompano Beach
Industry: Health Food and Nutrition
Listing ID: 42734670
Listing Status: New
Franchise location of a national retailer of health and nutritional products is for sale. This is an excellent opportunity to become a part of this well known brand which has been successfully operated in Broward County for 14 years. Products include vitamins, supplements, minerals, herbs, sports nutrition, diet and energy products.
Business is aggressively priced as current owner wants to retire. Purchase price includes $92k of inventory.
Store is currently operated with a mostly absentee owner, a manager and 3 part time associates. New full time owner can realize $50k+ in labor related savings by replacing the manager, with these savings included in the discretionary earnings calculation.
Lease expires 8/31/24, but the landlord is aware the business is for sale and would prefer to keep the national retailer as a tenant.
Buyer would also need to pay a to be determined franchise transfer fee, which is not included in the purchase price. Buyer would also have to be approved as a franchisee by the franchisor.
Down Payment: $192,000
Total Sales: $553,407
Cash Flow: $80,380
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
Inventory: N/A
Year Established: 2010
Year of last Acquisition: 14
Days & Hours of Operation: Mon-Sat 9-8 sun 10-6
Owner Hours Per Week: 5
Non-Owner Payroll: N/A
Employees: 3
Managers: 1
Absentee Owner: No
Real Estate: N/A
Real Estate Included: No
Monthly Rent: N/A
Franchise: Yes
Reason For Sale: Retirement
Training & Support: 2 weeks