Listing ID: 71301
Fantastic opportunity to own three profitable Edible stores. Be in your own business while leveraging one of America’s best known brands. Well-established and well-managed network of stores which produce an excellent income.
Inc. Magazine named Edible as one of America’s fastest growing privately held
businesses. Across its 20-year existence, they have managed to achieve an impressive
93% in brand awareness (that means – over 9 out of 10 people are familiar with the Edible brand).
Some seller financing may be available to qualified buyers. Edible can be financed by
the Small Business Administration.
- Asking Price: $675,000
- Cash Flow: $349,000
- Gross Revenue: $2,524,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $25,000
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:31
- Furniture, Fixtures and Equipment:N/A
The franchisor provides comprehensive training for new franchise owners. The seller will be available if needed to transition the business to buyer if needed
The Edible concept is unique and operates in three different business segments, Specialty Food Stores, Gift & Novelty Stores, and flower shops. Territories are granted by the franchisor so there is currently not much competition within the territories by other Edible stores but there is some overlap. Local flower shops and gift stores don’t offer a comparable product and Shari’s Berries is more expensive. The Edible brand has had a profound impact on the fruit bouquet niche.
The company was established in 2004, making the business 18 years old.
The transaction shall not include inventory valued at $25,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nevertheless, the real reason vs the one they say to you may be 2 completely different things. For instance, they may claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be excuses to try to hide the reality of changing demographics, increased competition, current decrease in profits, or a variety of other factors. This is why it is very crucial that you not count totally on a seller's word, however instead, use the vendor's solution together with your general due diligence. This will paint a much more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that earnings margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new clients? Many times, operating businesses have repeat clients, which create the core of their daily earnings. Particular aspects such as brand-new competitors growing up around the area, roadway building and construction, and personnel turn over can affect repeat consumers as well as negatively impact future incomes. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the higher the possibility to develop a returning consumer base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the regional average house income influence future income potential?