Rare Opportunity Own For Sale In Essex County, Ma - Business Making $2,563,000/yr

Rare Opportunity to Own Three Edible Stores

Financial Information

  • Asking Price: $695,000
  • Gross Revenue: $2,563,000
  • Cash Flow: $478,000
  • Down Payment: 0
  • FF&E (Included): N/A
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Essex
  • Essex County
  • Massachusetts
Primary Business Category: Specialty Food Stores

Fantastic opportunity to own three profitable Edible stores for the same price you would pay if you opened new Edible franchise locations with no income or customers. Well-established and well-managed network of stores which produce an excellent income.


Competition Description

The Edible concept is unique and operates in three different business segments, Specialty Food Stores, Gift & Novelty Stores, and flower shops. Territories are granted by the franchisor so there is currently not much competition within the territories by other Edible stores but there is some overlap. Local flower shops and gift stores don’t offer a comparable product and Sherries Berries is more expensive. The Edible brand has had a profound impact on the fruit bouquet niche.


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 2004
  • Franchise: Yes
  • Year Acquired: 2004
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Mon-Sun
  • Hours Open: 9-6
  • Fulltime Employees: 3
  • Part time Employees: 28
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 1500 sq ft
  • Seats: 0
  • Monthly Rent: $5,908

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Business Listed by

Sunbelt Boston and Providence

Contact: Joshua Meltzer
Office Phone: 8574008420
Mobile Phone: 617-500-5250
Listing ID: BOSTOMA002-N22

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.