Retail premises for sale in London N1

£300,000
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Retail premises for sale

Property description

Ref 7666 – Online Health Food Store
Blacks Brokers are pleased to bring to the market this online health food store currently located in London.


Introduction


St Lucia Sea Moss Ltd was established by our client in 2019. This online business offers a range of health food supplies including Sea Moss, Bladderwrack, herb and other natural products. It has become very well known and has a strong base of regular customers in place. Our client has ensured the business has an excellent reputation and superb reviews are noted online. St Lucia Sea Moss Ltd has a comprehensive website in place.


Location


St Lucia Sea Moss Ltd is operated from our client’s home office and a new owner will require office space and access to the internet to manage this business effectively.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Business information & growth opportunties


Our client has shared a number of ways in which the business can be grown further. There has been little to no marketing done to reach this stage, a marketing drive utilising Facebook, YouTube, TikTok and so on. There is also a lot of demand for a physical store with many customers requesting this. Other ideas include: In-depth 3rd party mineral testing, the purchase of larger amounts to increase opportunities within the wholesale market, oversees wholesale, sourcing a better shipping company (currently using Royal Mail), add more health-related products to the store, add St Lucia Sea Moss products to Amazon, bar code products to sell products to shops, introduce Sea Moss Capsules and other excellent natural products available from the supplier who is the main Sea Moss farmer on the Island with access to over 30 sea moss farms, reaching out to social media influencers, visit the Sea Moss Farm for more media and advertising, set up a distribution hub in the us. Some of the best Sea Moss comes from St Lucia and the business has & .co.uk as well as a few other sea moss related domain names and crypto domain names.


Staff


The business operates with four members of staff in employment – this includes two directors.


Financial details


St Lucia Sea Moss Ltd has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st May 2021 show annual turnover of £160,290 and gross profit of £111,257. Full financial information is available upon request.


Summary


This well established business offers a strong start for a new owner with plenty of scope to progress. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early meetings with our client are strongly advised. Business: £300,000.

Please quote ref: 7666

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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