Organic Juice and Smoothies Bar - SP100

Primary Business Category: All Other Specialty Food Stores This Organic Juice and Smoothies Bar is a California Limited Liability Company and has been in operation for 7 years and under current ownership for the last 3 ½ years. They offer a wide variety of foods including Organic Cold Pressed Juice, Healthy and Hearty Smoothies, Blended (Acai and Smoothie) Bowls, Vegan Eats, Healthy Shots, and Detox Packages. This business is extremely popular in this Northern Californian affluent tourist town and continues to gain popularity each year. They are the only organic vegan cold pressed juice bar in the region. All their juices are locally sourced and delivered in biodegradable eco clear bottles. The global smoothies market is projected to increase by a combined annual growth rate (CAGR) of 7.2% from 2020 through 2025. The smoothie market is flourishing in developed and emerging regions. Smoothies consist of dietary fiber and tend to be healthier than most fruit juices. The rising health consciousness among consumers and increasing demand for convenience and value are driving the demand for smoothies and smoothie bowls. The global organic beverage market is projected to grow at a CAGR of 12.3% from 2020 through 2025. The growth in the organic beverage market is largely driven by demand for natural and clean label products among the consumers globally, with the North American region being the largest market for organic beverages. Competition Description This business has a strong reputation and regularly obtain referrals from existing customers and referrals from local partners. They advertise via Magazine Advertising and Internet as well. They are in a prominent shopping center that hosts some of the most successful businesses in the area. Many of the recipes they provide are original, homemade, and truly unique, all of which will go with the sale of the business. Growth / Expansion overview Additional growth can be obtained through increased marketing, especially digital marketing, and social media. They are historically busier in the summer months, so adding something more appealing for the winter months would help boost business and mitigate seasonality trends. Additionally, wholesaling their organic juice is another option to explore for growth. Support / Training Comments The Seller is willing to train the new Owner for up to 2 weeks at 20 hours per week. Seller is willing to provide additional training at mutually agreed upon terms. Reason For Sale Seller wants to pursue other interests. Home Based: No Year Established: 2015 Franchise: No Year Acquired: 2018 Willing to Train: Yes Relocatable: No Required Licences: Is Property Leased: Yes Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Real Estate Asking: N/A Days Open: Monday - Saturday Hours Open: 8:00 am to 3:00 pm Full-time Employees: 0 Part-time Employees: 5 Is Management Staying: No Distressed: No Monthly Payroll: ON REQUEST Building Size: 508 sq ft Monthly Rent: $1,184 Lease Expires: 10/31/2023 Lease Miscellaneous: $238.76 per month CAM Charges Broker: ProEquity Asset Management Corporation License ID: 01870526 Location: Truckee, California Year Established: 2015 Number of Employees: FT: 0 PT: 5 Real Estate: Leased Building Sq. Ft.: 508 Rent: $1,184.00 Per Month Lease Expiration: 10/31/2023 Facilities: Building Size: 508 sq ft Is Property Leased: Yes Real Estate Available: No Market Outlook/ Competition: This business has a strong reputation and regularly obtain referrals from existing customers and referrals from local partners. They advertise via Magazine Advertising and Internet as well. They are in a prominent shopping center that hosts some of the most successful businesses in the area. Many of the recipes they provide are original, homemade, and truly unique, all of which will go with the sale of the business. Growth & Expansion: Additional growth can be obtained through increased marketing, especially digital marketing, and social media. They are historically busier in the summer months, so adding something more appealing for the winter months would help boost business and mitigate seasonality trends. Additionally, wholesaling their organic juice is another option to explore for growth.