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#Business ID: 37598

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Biggest Retail Store For Supplements in the UAE With More than 100 Brands For Sale

Business Location: Dubai, United Arab Emirates

Asking Price: $ 800,000 Revenue: $ 500k to 1m Cash Flow: $ 100k to 250k

[Furniture / Fixtures and Inventory / Stock included]

Business Summary

Business Overview:
- Retail outlet for supplements operating for 3 years.
- The retail outlet is strategically positioned between all the plush gyms in Al Qouz.
- Catering to all the members of 10-15 gyms in the vicinity. Each of these gyms has an average member strength of 1,500 members approximately.
- The footfall has increased drastically since the time of inception as we hold more than 100 brands and are very competitive in our pricing.
- We have some excellent testimonials from our customers on google.
- We have an organic following of 12k followers on Instagram.
- Top international athletes and Bollywood actors make sure to visit the store occasionally. The last actor to visit our store was Sanjay Dutt himself.
- We have delivery across all the other emirates in the UAE with the service level agreements of delivery within 90mins to our customers in Dubai, Sharjah, and Abu Dhabi.
- Apart from retail we also hold distribution rights for two brands in the UAE. A supplements company from Cardiff, UK and USA.
- We have a good wholesale channel and we supply a lot of local stores and gyms.
- An export segment of our business has seen substantial growth over the years. We are currently exporting to countries like South Africa, Maldives, Pakistan, Iran, Oman, Qatar, Iraq, and Saudi Arabia.
- Business earns equally from exports and domestic sales.
- Business is very profitable and requires additional investment to scale up and become more successful.
- Already in the third year of its operations the business is achieving a turnover of AED 2 million which is definitely going to increase rapidly due to the goodwill the store holds in the UAE Market.
- Due to our network and goodwill in the market around 95% of suppliers are providing our goods on a consignment basis (sell and pay) as a result of which we are always maintaining a stock level of more than AED 600,000 without blocking funds for stocking inventory.
- It definitely becomes a hub for all professional athletes and fitness enthusiasts.
- Company has 2 permanent employees. Our retail store is located in the middle of all plush gyms in Dubai and we are known. We have a very good footfall at the store. Apart from that the employees have been in the industry for over 10 years so they have a big network overseas and in Dubai. This is a revenue of high turnover per employee.

Products & Services Overview
We deal in various products related to fitness & bodybuilding.
1. Proteins, pre-workout, mass gainers, weight loss products, and recovery supplements.
2. Health and wellness products.
3. Sports accessories.
5. Healthy snacks and ready-to-drink shakes and pre-workouts.
6. BMI & consultation for all clients.

The business operates across different channels:
A) Retail.
B) Export.
C) Wholesale.
D) E-commerce.
E) Other online platforms like Instashop.

Assets Overview
Physical assets include: Interior fitting & furnishing, computers, printers, in body 270, lights & sound system, accounting software, ACs, fridges, CCTV cameras, internet router, landline phone, e-commerce website, and all the inventory/ stock.

Intangible assets:
1. Exclusive consignment contracts with 95% of the suppliers in the UAE.
2. Distribution rights for the UAE & Middle East for CSN supplements and 10x Athletic USA.
3. Rich customer database that has been collated over the period of 3 years.
4. Export network.
5. Gyms network.
6. Overall the goodwill we have in the market is outstandingly extraordinary.

Facilities Overview
It is a 2,000 sq. ft with a mezzanine floor converted into a retail store for supplements in Al Qouz. The biggest store for supplements the UAE has ever seen. The rental agreement is valid until mid of the current year.

Capitalization Overview
- The business is generating enough money to pay all expenses and generate revenue.
- Two shareholders - daughter and father with 51% and 49% stake.
- Family-owned business.

Please contact us for more details.

Property Details

Size:

2,000 sq. ft with a mezzanine floor

Years Established:

Aug 2020

Property Type:

Lease

Other Business Details

Premise Details:

It is a 2,000 sq. ft warehouse with a mezzanine floor converted into a retail store for supplements in Al Qouz. The biggest store for supplements the UAE has ever seen. The rental agreement is valid until mid of the current year.

Business Operation Details

Employees:

2

Trading Hours:

12 hours

Support & Training:

All the support needed for smooth transition

Miscellaneous Details

Reason For Selling:

The owner is migrating to Canada and hence wants to sell the business. The business has been valued by the company's accounting and audit team

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