Profitable and Established Holistic Retail Boutique + Real Estate

It has been an incredible 30-year run for this successful and well-known holistic, alternative retail business. With multiple profit streams including exceptional medicinal, retail, and dedicated space for body art, this popular establishment continues to bring in loyal, repeat customers, and provide distinctive boutique retail items to the surrounding area. Having enjoyed the success of single ownership for three decades, this motivated owner-operator is looking to wind down, and looks forward to transitioning the business to its second owner.

This thriving business is conveniently located along Lake Michigan off of a major State Highway in Southwest Michigan, and is nestled within the heart of several popular tourist attractions and destination locations. The business owns and occupies a quaint 1,000 square foot building, while free dedicated parking adjacent to the building offers convenience for the owner and customers alike. This attractive piece of real estate is included in the transaction.

This business is known by its loyal customer base for its ample array of holistic, supplemental retail products, and comes with nearly $90,000 of salable inventory (cost basis). Additionally, the business offers unique accouterments to customers in search of alternative medicine, as well as licenses, space, and dedicated clientele for body art. A secondary outpost with common ownership will be closed shortly before the sale, the inventory of which may be purchased at sub-cost by an interested buyer.

Now let’s talk numbers. The business has had average annual revenues of $328,000 over the past four years – including a COVID year! During the same period, the business produced an impressive SDE of $120,500 annually (SDE: seller’s discretionary income - the historical, normalized cash flow available for the buyer to service bank debt).

This attractive opportunity is being offered at $429,000 and consists of 3 key components. (1) The enterprise value based on an industry multiple of 2.5x SDE (2) $90,000 in salable, cost basis inventory (3) Retail-oriented real estate plus included residential storage building. In addition, the buyer gains the goodwill and fixed assets of a business boasting an impressive 20+ years of service. Business and real estate are fully bankable under the SBA’s 7(a) lending program, and the Seller is prepared to carry a Seller Note for a qualified buyer.

To learn more about this opportunity contact Jane Steele at 616-301-4964 or [email protected].