Business Overview

A Premier Central Location
Sustained Annual Growth
Established over 15 Years
Lender Pre-Qualified

This centrally located business has established itself as a mainstay in the local market along with a continually growing online presence enhancing the already established formidable brand. Walking into the facility is talking a step into a wonderland of sensory overload. The product line up and meticulous displays offer up a unique display of wares and clearly depict the endless hours of preparation, planning, and product development. Everything was examined and executed throughout the design of the facility from display cases to color schemes, to the developed product; and it shows. Here, a lifetime ambition and dream converge offering a visitor an experience second to none. And the formula is working. The financial performance has sustained year over year growth, even with the challenge of a worldwide pandemic which didn’t alter their stride or customer loyalty. That says a lot.

The business creates just about every imaginable chocolate array of offerings from assorted gift boxes to party platters, chocolate covered strawberries, to truffles. Thinking of a chocolate fondue for two. They’ve got it. Or a fondue for the whole party they have that size also. Every Holiday and occasion are covered to precise detail with gourmet chocolate products produced in the shop. In addition, visitors can watch as employees make chocolates or dip fresh strawberries right in the front of the shopping area. Time has proven that gourmet caramel and chocolate dipped apples are their best-selling items. In addition, the business carries two lines of truffles as well as creams, caramels, sugar free, and seasonal items. While these are not made in the store the owners are meticulous, only sourcing the best products to carry. A large selection of chocolate bars as well as packaged items are available, further complemented with gift baskets available for every occasion which are easily customized. Finally, there is a unique seating area to enjoy Chocolate Fondue and beverages on location.

Financial

  • Asking Price: $225,000
  • Cash Flow: $216,248
  • Gross Revenue: $746,392
  • EBITDA: N/A
  • FF&E: $32,000
  • Inventory: $25,000
  • Inventory Included: Yes
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

A premier upscale location, family friendly, with shops, restaurants, theaters, a national Hotel, condos, and hundreds of apartment rentals within walking distance.

Is Support & Training Included:

Will train for 2 weeks @ $0 cost.

Purpose For Selling:

Retirement.

Pros and Cons:

Competition can be online or another confectioner including cupcakes or other indulgences.

Opportunities and Growth:

Increase marketing. And expand opportunities to real estate and title companies, and any business that does any gifting or thanking of staff and employees. In addition, there is room to expand an active wholesale program mostly with florists and a hospital gift shop. Another location in an adjoining city would be a great opportunity to explore.

Additional Info

The company was founded in 2006, making the business 16 years old.
The deal will include inventory valued at $25,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell businesses. Nonetheless, the genuine reason and the one they tell you might be 2 totally different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in incomes, or an array of various other reasons. This is why it is really crucial that you not depend absolutely on a vendor's word, however rather, make use of the seller's solution along with your total due diligence. This will paint an extra reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too thin. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be met or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in brand-new customers? Most times, operating businesses have repeat consumers, which form the core of their everyday revenues. Specific factors such as new competition growing up around the area, roadway building, and also staff turn over can impact repeat customers and negatively impact future profits. One essential thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business often, the higher the opportunity to develop a returning customer base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Just how might the local median household earnings effect future income prospects?