Listing ID: 72412
Everyone loves pretzels!
This pretzel franchise is growing brand recognition from being on a national TV show which has helped increase sales. Great opportunity to own 2 pretzel franchise locations!
One location is in a great area with high visibility, and the other location is inside a sports venue with high foot traffic & profit! The main location is well known and supported by the community. This is the perfect opportunity for a semi-active owner!
Huge Territory with room to develop more locations more revenue! Huge opportunity for growth with this large territory with 2 locations. Store has great growth potential.
This is an ideal business for a hands-on owner that wants to build this already profitable store. Easy to run, concepts are highly successful franchise systems.
- Asking Price: $245,000
- Cash Flow: $41,541
- Gross Revenue: $295,241
- EBITDA: N/A
- FF&E: $105,665
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The Traditional Pretzel Bakery is located in a Strip Mall. The non-traditional bakery is located in a Minor League Baseball Stadium.
Will train for 2 weeks @ $0 cost. Manager is not necessary with semi-active owner. Manager day to day activities included but not limited to managing staff, customer service, operations, safety & sanitation, cash accountability & financial recording, inventory & ordering, scheduling & payroll, marketing & new sales. Normal business permits to operate the business. Food safety certificate.
Owner is moving on to focus on another business he already owns.
Nearest competition 7.5 Miles away. This franchise is the largest and most known franchise in the Northeast for traditional Philly Soft Pretzels.
Lots of accounts & business that are untapped, large open territory around these 2 locations. Marketing and advertising is currently not being focused on outside the locations. Owner with marketing/advertising background can quickly brand and market business to new customers to market.
This Business Is An Established Franchise
The venture was founded in 2017, making the business 5 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 completely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or an array of other reasons. This is why it is extremely important that you not rely totally on a seller's word, yet rather, utilize the seller's solution in conjunction with your overall due diligence. This will paint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be met or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in new clients? Many times, companies have repeat consumers, which develop the core of their day-to-day profits. Specific aspects such as new competition sprouting up around the location, roadway construction, and staff turnover can influence repeat customers and also negatively impact future incomes. One vital point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the better the opportunity to develop a returning customer base. A final idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the regional mean family income influence future earnings potential?