Asking Price: $355,000

Gross Revenue: $504,921

Cash Flow: $110,863

Inventory: $75,000 (Included in Asking Price)

FF&E: $32,000 (Included in Asking Price)

Seller Financing: Possible owner financing or SBA loan for qualified buyers.

This is a specialized medical retail store franchise resale opportunity. This niche business caters to the 40+, mostly female, baby boomer market. This group represents the fastest growing demographic segment of the U.S. population with more expendable income than any other. The store provides for the health and wellness needs of its customers by offering custom inserts, premium footwear for women and men, specialty foot care items and revolutionary cutting edge walking fitness products. Many customers have special foot care needs due to common foot problems or they are managing chronic diseases such as diabetes and arthritis. All products and services are dispensed in a comprehensive, convenient one-stop manner with the highest degree of personal care by board certified professionals. A manager, who is a Board Certified Pedorthist allied health professional, is already in place. Optionally, the franchisor can provide the new owner all training necessary to achieve board certification for themselves. The business is characterized by the high margins of its sales, an 80% closure rate on sales opportunities, high customer retention rates, low labor costs and reasonable hours of operation. This is a fantastic turnkey opportunity to own one of the highest ranked health related franchises in the country. The current owner has done all of heavy lifting by investing heavily in marketing the business, developing relationships within the medical community, creating a large base of repeat customers, training and certifying a professional staff and by developing a system to optimize inventory levels that minimizes capital investment. Currently, the owner has two franchise locations in the area and intends to keep the other. Therefore, the new owner will enjoy continued support and a collaborative environment to grow the market, minimize expenses, maximize purchasing power and expand the brand.

Year Established: 2004

Employees: 2 full time -

Facilities: A 1,200 square foot leased space located in the premier retail center of North Raleigh. The location is fully equipped with state of the art computerized equipment, appealing fixtures and everything needed to operate the business.

Market Outlook and Competition: The business’s specialized niche market separates itself from would-be competitors. In addition, its franchise agreement provides for a protected territory for this location. There is a large base of 7,750 existing customers. The store enjoys repeat business from 40% of those customers, with a further 32% of sales coming from referrals by the existing customers or relationships in the medical community. There are 21,178 households within a five mile radius of the store with an average household income of $103,602 and the population is projected to increase by 24.2% over the next five years. The need for the business’s services should continue to increase with the overall continued regional growth, continual focus on preventative conservative management of health, and the demand on the region as a premium retirement location.

Management Training and Support: Training will be provided by both the owner and the franchisor.

Reason For Selling: Family/Health reasons.