Popular Edible Arrangements Franchise for sale
Financial Information
- Asking Price: $160,000
- Gross Revenue: $427,846
- Cash Flow: $67,097
- Down Payment: $110,000
- FF&E (Included): $75,000
- Inventory: $5,000
- Financing: Yes
Business Location
- Kanawha
- Charleston
- West Virginia
A great business that has been successful before and during the pandemic expecting to continue to grow in the future. Current owners have decided to move on due to family concerns and have priced the business for a quick sale. (before the end of the year). The cost of buying a new franchise is much more than the asking price of this established business. This business is located in a busy, well established center and has developed a strong reputation with lots of returning customers. A good opportunity for an absentee owner and perhaps a greater opportunity for an owner operator willing to work for a six figure return.
Competition Description
Business offers a unique product that has become very popular. It is Protected by large well populated franchise territory. Adjoining vacant franchise territories provide additional sales due to lack of competition in surrounding area.
Growth / Expansion overview
Opportunity to grow with additional products that compliment current offering. Also room to grow with adjoining franchise territory. Business has shown growth in 2020 in spite of shutdown from pandemic in spite of spring shutdown. Poised to end the year strong. Expecting record numbers during busy spring season in 2021 and beyond.
Support / Training Comments
Franchise provides 2 weeks training for owner at no charge. Franchise also provides great support for all aspects of the business. Current owners are willing to train and to step in as needed to assure a smooth transition.
Financing Comments
Seller is willing to finance $50,000 @ 6 % interest for 5 years (60 months) for qualified buyers.
Reason For Sale
Several partners enjoyed the benefits provided by this profitable business as absentee owners for several years with minimal involvement in the operation. They feel the business can perform much better with an owner who is operationally involved.- Home Based: No
- Year Established: 2006
- Franchise: Yes
- Year Acquired: 2006
- 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: Monday-Saturday
- Hours Open: 9 AM - 5 PM
- Fulltime Employees: 2
- Part time Employees: 6
- Is Management Staying: Yes
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 1,459 sq ft
- Seats: 0
- Parking: Shopping Center Parking
- Monthly Rent: $1,993
- Additional Terms: 6% of Gross Sales in excess of $700,000 per year.
- Lease Expires: 06/30/2021
Contact Business Broker
Sunbelt West Virginia & Western Maryland
Contact: John LichterOffice Phone: 304-276-1880 Mobile Phone: 304-276-1880
Listing ID: WESTOWV001-N81
Business Images
