Two Established Profitable Wellness and Jewelry Stores

Mystic, CT

Seller Financing Available

listing image
Cash Flow:$784,088
Inventory:$405,000
Established Year:2010
Gross Revenue:$2,018,460
FF&E:$10,000
BUSINESS DESCRIPTION

Two Established Profitable Wellness and Jewelry Stores

This Company, and its sister company (both part of the sale), are the brainchildren of a successful owner who opened both retail stores in answer to the need for natural skin care, body care, and remedies for ailments of all kinds. She focuses on providing ethically sourced beauty products, home goods, jewelry, and metaphysical well-being tools, which reflects her passion for bringing people home to themselves. Its companion store focuses on unique and exquisitely made jewelry sourced from exclusively female designers, highlighting the seller’s commitment to customer value and experience.

Both stores are located in high-traffic tourism centers, and offer a unique array of crystals, gemstones, body care, skin care, consumables, candles, jewelry and more. Boasting a large customer base and a healthy percentage of repeat customers, both shops have been profitable since day one, and are a natural tie-in to one another serving the same community and customer base. The Seller has created a business that distinguishes itself with its uniquely high level of service and turns clients into raving fans.

The Seller also has another business where she wants to shift her focus, and so she is looking for the right buyer to take what she has built and to grow it to the next level. Confidentiality is a concern for the Seller as she seeks just the right buyer. Business location and name will be shared once a qualified Buyer prospect is vetted.

NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.


DETAILED INFORMATION
Location
Mystic, CT
Inventory
Included in asking price
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Shop #1 boasts 1300 sf retail showroom in an easily accessible area in a historical shopping square with extensive foot traffic. Lease extends through 2030 at $5173/mo. Shop #2 is located 10 minutes away in another historical location in the heart of major tourist attractions and offers 575 sf of retail at $1950/mo. Both spaces offer storage area above the store front.
Competition
There are two other companies in the area that focus on metaphysical product lines, but the quality and ethical sourcing of these 2 companies is unparalleled.
Growth & Expansion
Add additional product lines, expand to offer more subscription boxes, add more community events. A Company that is already in this space has an excellent opportunity to combine capabilities and streamline operations to grow both top line and bottom-line earnings.
Financing
TBD if structure and terms are acceptable.
Support & Training
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling
Other business interests.
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Rick
Carlson
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Rick Carlson