LISTING ID: M170403

STATUS: ACTIVE

HIGHLIGHTS

REVENUE:        $333,262

NET PROFIT:     $91,162

EMPLOYEES:     N/A

VEHICLES:       $15,000

FF & E:              $118,000

ASKING PRICE: $275,000

INVENTORY:     $10,000

COOKIES/CUPCAKES/CANDY FRANCHISE

SOUTHEAST MICHIGAN

BUSINESS SUMMARY

For the past 20 years, the owner of this well-known franchise continued to grow their business through territory expansion, maintaining their customer base, offering quality products & services, and their ability to keep businesses expenses under control. They have a very large territory which includes reciprocal agreements to sell in other highly desirable areas.

The business has an expensive list of well-maintained equipment including two vehicles, all of which supports targeting larger accounts and specialty orders. Customers can pick up orders at the store or pay a fee for delivery service, provided by an outside supplier. Franchise fees in the primary territory are 6% sales, 2% advertising and the secondary territory are 6 +2% or 4% if delivered to this area. The buyer is required to travel to franchise HQ for an initial meeting and training classes paying travel costs for both trips and the remainder of the current agreement expiring in 12/2021. The store meets all current franchise requirements. There are 4 years remaining on franchise agreement.

 

 

Non-disclosure required prior to receiving confidential information.

 

GROWTH AND EXPANSION

The franchisor recently added a new product line suggested by a franchisee that is already showing impressive results. This demonstrates the resourcefulness of current owners and the franchisor. In addition, this owner is quite skilled at developing new accounts and will share their ideas with you

 

COMPETITION

Even though completion is high in this food segment, this well-established brand has a great reputation, name recognition and continues to keep and attract new franchisees and customers

 

SUPPORT AND TRAINING

Owner will share how to run & grow this business for a negotiated time period.

FACILITIES

This southeast side business leases a 1,813 sq. ft. store front in a fully occupied, highly traveled and well maintained strip center populated with other well-known franchises and businesses. Current gross rent is $2,304 per/month with small annual increases and expires on 7/30/2020. Tenant is responsible for electrical, heating and cooling repairs and the business has maintained all the electrical equipment. In addition, a great deal of expensive professional equipment is included in this which supports increased business growth strategies.

 

REASON FOR SALE & SALE TERMS

Owner is ready to retire.

 

Terms of Sale: Cash + small note.

 

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248.425.2129

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LISTING ID: M170403

STATUS: ACTIVE