Business Overview

This Nostalgic candy store was opened 24 years ago that specializes in nostalgic to current candy. The store sells bulk candy, Chocolates, Sugar Free, Specialty licorice and gummies galore. During the holidays and season they bring in unique one of a kind gifts as well. For the past 10 years the store has been voted “Best Candy Store” from the Daily Herald”. This location is perfect for anyone who wants to operate a fun business and be involved in the community as it has blessed them all these years. From 8/1/2020 -7/31/21 the sales are 325K which in turn is 28% from 2019 sales and 78% over 2020 period with covid in place.

Financial

  • Asking Price: $145,000
  • Cash Flow: $90,500
  • Gross Revenue: $324,000
  • EBITDA: $95,000
  • FF&E: $30,000
  • Inventory: $25,000
  • Inventory Included: N/A
  • Established: 1998

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:990
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This location is on a end cap in a new building that was remodeled in a down town with plenty of traffic and easy parking in front and side to access easily. The store is 1,000+- square feet and filled to the rim in candy. The shop is open 7 days a week Monday thru Saturday 10 AM till 7PM and Sundays Noon till 6PM.

Is Support & Training Included:

The seller will train on all aspects of the business up to 40 Hours or 1 week as it is a simple operation and already set up and easy to manage.

Purpose For Selling:

To Retire and let someone continue for another 25 years.

Pros and Cons:

Their is no other specialty candy from nostalgic to current selections and unique gift store around. Walking distance from local surrounding homes.

Opportunities and Growth:

You could ADD fresh hot Popcorn/caramel corn as well as add custom Tins for Christmas, Birthdays and Parties. Have a local tin made with the village logo and sell online. Huge profits can be made and increase revenue.

Additional Info

The business was established in 1998, making the business 24 years old.
The sale shall not include inventory valued at $25,000*, which ins't included in the requested price.

The company has 1FT & 3PT employees and is situated in a building with approx. square footage of 990 sq ft.
The real estate is leased by the business for $1,700 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell businesses. Nevertheless, the true reason vs the one they tell you may be 2 completely different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in profits, or an array of other reasons. This is why it is extremely crucial that you not depend completely on a seller's word, but instead, use the seller's solution together with your overall due diligence. This will paint an extra practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that profit margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in brand-new customers? Many times, businesses have repeat consumers, which develop the core of their day-to-day earnings. Certain factors such as brand-new competition growing up around the location, roadway building, and also employee turn over can influence repeat clients and also negatively impact future revenues. One crucial point to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business regularly, the better the opportunity to build a returning client base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the neighborhood average home income influence future earnings potential?