Turn-Key Spice Shop with E-Commerce

Not Disclosed, OR
Multnomah County


Asking Price: Annual Revenue:
$189,057 $422,356

Retail: Non-classifiable


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RE: Turn-Key Spice Shop with E-Commerce Broker: Daren Bucklin
Owner Financing is Available!
Owner Financing Terms $37,811.00 Owner Financing Interest 6% Owner Financing Terms Months 24 Owner Financing Monthly Payment $1,675.81

Quick Facts

Asking Price: $189,057
Annual Revenue: $422,356
Net Profit: Not Disclosed
Cash Flow: $74,763
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 6
BBN Listing #: 345952348
Broker Reference #: 59071-975847

Email or Print Listing

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Business Overview:

Featuring one of the largest selections of food flavor enhancements in the area, this shop provides a wide variety of freshly sourced herbs, spices, hand-crafted blends, sauces, extracts, specialty foods, and cooking supplies at affordable prices. This is your go to spice shop for high-quality every day and unique specialty spices for your favorite, cultural and seasonal dishes. Highly trained, professional staff create an experience customers want to repeat. This hands-on experience provides the basis for the e-commerce component of the business which allows customers the convenience to re-order and re-stock their favorite supplies. At home delivery or in-store pick up options are available. Food items are available in prepackaged or customized size options. The owners function as owner/operators and spend 20 to 30 hours per week in the business. Three current employees are key holders and even though they don’t hold a formal Manager title they are fully capable of opening, closing, and operating the

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Property Features and Assets:

The franchisor established their flag ship store in Colorado in 2002 which garnered national success. The Portland location opened its doors in 2012. With a ten-year foothold in the neighborhood, the owner has built an excellent following of over 21,000 Loyalty Member customers plus new walk-ins every day. In addition, they have built an exceptional reputation for their product quality and customer service. At this time the owners have decided to sell to a qualified buyer to seek retirement.

Market Competition and Expansion:

This unique spice shop competes largely with area grocery stores. It easily separates itself from its primary competition by providing a highly interactive and informative customer experience paired with the ability to access a variety of unique, hard to find ingredients. This business model relies on building customer relationships and helping customers meet their everyday needs for an affordable price and provides the convenient on-line shopping option. One opportunity that may propel additional growth is to increase community engagement through the various social media platforms. Maximize all operational systems and tools available through the franchisor and replicate best practices that have proven effective by franchisees in other markets.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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