Operating in a protected territory with 4 fully managed locations, this business has been serving custom and gourmet treats and gifts for over a decade. Part of a national franchise with locations across the globe, these stores are the only ones in Nebraska and the only service for Council Bluffs. With $135,876 in assets, these locations are well-equipped to exceed the expectations of this reputable franchise.
Each store is fully staffed with part-time help and a full-time manager. A delivery van comes with each location, helping to serve the increasing online and same-day delivery sales. The smallest store is 1,200 sq. ft., with the largest two both at 1,600 sq. ft. These locations have strong repeat business. The franchise average puts customers ordering 1.7 products each year, but these stores average between 2.9 and 3.1 products per person each year.
Sellers currently oversee operations and do not need to work inside of the retail stores. Both are passionate about the brand and products, and so spend more time than is necessary within the stores. A new owner would have flexibility to be involved or absentee.
4 Locations; Location 1 – 1,200 sq. ft. ($1,855/mo), Location 2 – 1,438 sq. ft. ($2,861/mo), Location 3 – 1,600 sq. ft.($3,517/mo), Location 4 – 1,600 sq. ft. (1,855/mo)
Local marketing, online sales
4 FT Managers (1 in each store), 46 PT employees
Support & Training:
90 days plus franchise training
Purchase Price: $575,000
10% Buyer Down Payment: $57,500
10% Seller Financing: $57,500
80% Bank Loan: $460,000
A 10% down payment would net $109,332 after all debts in the first year – a 190% return on investment!