Listing ID: 84167
***UNDER AGREEMENT***One of the highest volume and most profitable stores in Massachusetts with original owner since 2005. Excellent demographics in a rapidly growing market area. Very well managed store with year over year revenue and profit growth. 2020 Revenue increased 51% over 2019, with a 25% increase in the first 6 months of 2021 over 2020!
Since 2001 Edibles has become one of the leaders in multi-channel gift and treat destinations. Sales originate from the Edibles website, the local store (phone and walk-in) and from other franchises. Constant Innovation in new product offerings (including brownies, cheesecake, cookies, popcorn, nuts and platters) has kept the franchise fresh and continues to drive revenue.
The business model is simple and easy to operate. The current owner is on site no more than 20% of the time, and works remotely managing orders, staff and deliveries. There are five FT and three PT employees plus one FT driver. Typical day requires 3 staff plus driver to operate.
The store is completely up to date with all franchise mandated upgrades made in the last year including interior and exterior signage, new van wrap, phone system and technology updates. A true turnkey business opportunity awaits a new franchisee ready for success and a great lifestyle.
- Asking Price: $299,000
- Cash Flow: $155,000
- Gross Revenue: $762,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $6,000
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Located in busy retail strip center with ample parking
Huge marketplace for expansion , very strong demographics
The business was founded in 2005, making the business 17 years old.
The deal won't include inventory valued at $6,000*, which ins't included in the suggested price.
The company has 10 employees and is located in a building with estimated square footage of N/A sq ft.
The real estate is leased by the business for $2,200 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 absolutely different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is extremely essential that you not depend totally on a seller's word, but instead, use the seller's response combined with your general due diligence. This will repaint an extra sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover things like stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that revenue margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new consumers? Most times, companies have repeat clients, which form the core of their daily earnings. Specific variables such as new competitors sprouting up around the area, roadway building and construction, and staff turnover can impact repeat consumers and adversely influence future profits. One crucial thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning customer base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Just how might the neighborhood mean family earnings influence future income potential?