Listing ID: 81152
Business Overview
Sales and profits are through the roof. Sales are up about 12% for 2021 and profits are up too! This is a profitable and very well established store in a good location. Edible Arrangements is a unique business selling beautiful flower-like arrangements using delicious fresh fruit and chocolate available at the store or delivered directly to home or business for birthdays, holidays and every occasion. Also offered are smoothies, shakes, fruit salads, party platters, chocolate dipped fruit, gourmet popcorn, cookies, assorted chocolates, custom greeting cards and more. This is a fun and profitable business that offers you many opportunities to grow and make money.
The owner is absentee. The store has a manager that is paid about $33,000 so a new hands on owner take over management duties and make an additional $33,000. (Cash flow shown with new owner replacing manager).
This store is centrally located, clean and set up very nicely. Customers can come in to order or pick up the amazing selection of tasty gifts or to enjoy a wide selection of healthy and fun snacks; so there’s plenty of opportunity for up-selling, cross merchandising and incremental sales dollars. This location is well equipped including a large walk-in cooler, a refrigerated prep table, plenty of prep area on large stainless steel work tables and even lots of backup equipment with a huge storage area.
Edible Arrangements offers one of the finest training programs and will give you continued support to help insure your success.
Disclaimer: The information provided here is compiled from information by the Seller(s). The broker or agent makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification & that of their financial &/or legal advisors with regard to this information. Gross revenue is projected for 2021 based on current sales.
Financial
- Asking Price: $189,000
- Cash Flow: N/A
- Gross Revenue: $550,000
- EBITDA: $143,000
- FF&E: $80,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2008
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The Franchisor provides a very complete training program with corporate support after the transfer.
Family
Edible Arrangements is a unique business and the original seller of fruit baskets delivered to your door. There are other "copy cats" but Edible is still number 1.
Edible now offers smoothies, shakes, fruit salads, party platters, chocolate dipped fruit, gourmet popcorn, cookies, assorted chocolates, custom greeting cards and more all sold in the store to supplement the delivery business. So with more up-selling and promotion there is a lot of growth potential, especially with a hands on owner. The franchise is always looking for owners that would like to expand. This store could be purchased by itself or also as a 2 store package deal with another location.
This Business Is An Established Franchise
Additional Info
The venture was established in 2008, making the business 14 years old.
The sale doesn't include inventory valued at $5,000*, which ins't included in the listing price.
The business has 6 employees and resides in a building with estimated square footage of 1,700 sq ft.
The building is leased by the business for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might just be excuses to try to hide the reality of changing demographics, increased competition, recent reduction in profits, or a variety of various other factors. This is why it is very crucial that you not depend totally on a vendor's word, but rather, utilize the seller's response combined with your overall due diligence. This will paint a much more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans so as to cover items like inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that revenue margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new consumers? Often times, companies have repeat customers, which create the core of their day-to-day revenues. Certain factors such as new competitors sprouting up around the area, roadway building, as well as personnel turnover can affect repeat customers and negatively affect future revenues. One crucial point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the better the chance to build a returning customer base. A last thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional median family earnings impact future income prospects?
