Listing ID: 83586
Rare opportunity to purchase this PROVEN, PROFITABLE and consistently performing Tropical Smoothie Café franchise, with excellent ongoing growth potential. This is store is one of the early Tropical Smoothie Cafe locations in FL and has successfully operated for more than 20 years! The Seller was a trailblazer for Tropical Smoothie and has recognized tremendous success. Now Tropical Smoothie is one of the fastest growing and Industry Leading Fast-Casual franchise systems in the country. The sale will consist of 1 open/operational store. SBA approved franchise; financing is available with as little as 10% needed.
Tropical Smoothie Cafe was founded in 1997 and the first franchise opened in Tallahassee, FL in 1998. Tropical Smoothie is one of the fastest growing franchises in the U.S., as evidenced by another record-breaking year in 2020. Tropical Smoothie Cafe delivered its ninth consecutive year of positive same-store sales. The brand opened its 1000th cafe on September 17th, 2021. This milestone comes at a time when the company is experiencing record growth and is on pace to open 130 new franchised locations in 2021. So far this year, Tropical Smoothie Cafe has signed agreements for an additional 249 future franchised locations, adding to an already extensive pipeline of future commitments.
This is a unique fast-casual concept that you will be proud to own, as you provide better-for-you options for people in the community you serve. You can feel good about serving great-tasting and innovative smoothies, bowls, flatbreads, wraps, and sandwiches, including pressed sandwiches. Tropical Smoothie has a balanced mix of food and smoothies, allowing you to capitalize on breakfast, lunch, dinner, dessert, snacks, catering, curbside pick-up, and delivery!
Interested in additional Information?
1) Download or open the Confidentiality Form located in the Attached Documents section below.
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3) Upon our receipt of your completed Confidentiality Form, we will contact you and provide you specific data for this business opportunity.
You may also download the Confidentiality Form from our website at www.AtlanticBusinessBrokerage.com, where you can also view similar businesses for sale in your area.
- Asking Price: $649,000
- Cash Flow: $205,791
- Gross Revenue: $985,991
- EBITDA: $205,791
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: N/A
- Established: 1999
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:18
- Furniture, Fixtures and Equipment:N/A
The store has been fully refreshed to the Tropical Smoothie Cafe “Beach house” re-imaging standards, including recent upgrades to the SynergySuite platform and PAR Brink POS. This location provides a menu offering that is unique and highly desirable, leading the way as a “Healthier-lifestyle” franchise brand. The store and equipment are immaculate & well-maintained, and the team provides exceptional hospitality!
3 weeks of comprehensive training provided by the Franchisor, ensuring you are ready to own this successful Tropical Smoothie Cafe franchise.
Seller has relocated out of state.
1) Huge growth potential with Delivery and Catering: Seller launched with multiple 3rd party delivery providers in 2020. The Seller has also seen significant increases in catering year over year and huge increases in 2021 YTD. Delivery and Catering sales increases will be upside for the Buyer. 2) This location has not yet launched Curbside pick-up. It has dedicated parking spaces to do so. 3) Increased Community Involvement - Structured Fundraising nights & partnerships with schools, sports teams, and other organizations, etc. would be very impactful and further increase brand awareness!
This Business Is An Established Franchise
The business was started in 1999, making the business 23 years old.
The transaction won't include inventory valued at $5,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. However, the true reason and the one they say to you may be 2 completely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competitors, current reduction in profits, or a variety of various other factors. This is why it is really vital that you not count entirely on a seller's word, but rather, use the seller's solution in conjunction with your overall due diligence. This will repaint a much more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover points like stock, payroll, accounts payable, etc. Remember that occasionally this can suggest that revenue margins are too tight. Lots of companies 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 commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new consumers? Many times, companies have repeat consumers, which create the core of their daily earnings. Certain aspects such as brand-new competitors growing up around the location, roadway construction, and also employee turnover can affect repeat consumers and also negatively impact future incomes. One vital thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the chance to construct a returning client base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the regional mean house income influence future earnings prospects?