Business Overview

A staple in the community for over 10 years, this chocolate shop has been serving chocolate and candy lovers alike. Perfectly located in a high traffic lifestyle center. This franchise is known nationally and this location provides a profitable store with turnkey staff that are ready for a new owner to continue grow for another 20 years! Retail sales and corporate accounts are growth areas with impeccable franchise support. Be a part of a fun business that puts smiles on people’s faces! The build out is done. The business track record is established. Get into a retail food franchise at the same price it would take to open a new one without the tremendous time and expenses to grow a new business from the ground up!

Financial

  • Asking Price: $199,500
  • Cash Flow: $64,996
  • Gross Revenue: $304,492
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $15,000
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The business was started in 2010, making the business 12 years old.
The sale shall include inventory valued at $15,000, which is included in the asking price.

The business has 10 employees and is located in a building with disclosed square footage of 1,000 sq ft.
The property is leased by the company for $3,783 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. However, the real reason and the one they say to you may be 2 entirely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competition, current decrease in incomes, or an array of various other factors. This is why it is extremely essential that you not depend absolutely on a vendor's word, however rather, use the vendor's answer combined with your general due diligence. This will repaint a more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that profit margins are too small. Many companies come 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 obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be met or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in new consumers? Most times, businesses have repeat clients, which create the core of their day-to-day earnings. Certain aspects such as brand-new competition sprouting up around the area, roadway building, and employee turn over can impact repeat customers and also adversely affect future incomes. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the better the chance to build a returning customer base. A last idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional mean family earnings effect future revenue prospects?