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Highly Profitable Gourmet Popcorn Business For Sale

Philadelphia, Pennsylvania
Asking Price:
$469,000
Sales Revenue:
$500,000
Cash Flow:
$183,060

Retiring owners in the Philadelphia area have built a profitable gourmet popcorn business whose parent company is Dippin' Dots Ice Cream that maintains 100 plus licensees internationally. The purchase price of this highly-successful franchise is $469,000 which includes $320,000 in assets; this is 2.5x the Current Owner's Benefit of approximately $182,000. With two fully-operating kiosks in Willow Grove Mall ( PA ) and Cherry Hill Mall ( NJ), gross sales are $500,000. These kiosks may be run as an absentee owner or owner/ operator. Presently, the owners maintain 10+ licenses in the U.S. Both malls provide a desirable venue having strong anchor stores such as Nordstrom's' Macy's and Bloomingdales. Early success in these malls have generated interest and expansion possibilities in other local malls.
While providing all the benefits of a traditional, healthy snack food, this delicious gourmet popcorn is available in a vast array of appealing flavors. The popcorn is available in an assortment of bag sizes of holiday/specialty tins.Needless to say, the repeat business is extremely strong. Present owners will provide training and support, and will consider financing with $300,000 cash down. In addition, the sale includes the remaining license agreement, two fully-operating kiosks , two kiosks in storage, leased warehouse and two current LLCs.This is a solid, well-run business with OUTSTANDING growth potential !

Property information

Real Estate:

Lease

Lease Terms:

Year to year at Cherry Hill Mall and 5 year lease at Willow Grove Mall.

Location:

Southeastern PA, Philadelphia area. Two very busy A+ malls (Willow Grove Mall and Cherry Hill Mall)

Premises Details:

Two fully-operating kiosks in the aforementioned malls in PA and NJ

Business Operation

Expansion Potential:

Additional kiosks in other local malls, license for 10 kiosks ( presently two are being utilized), catering, fund raising, expanding offerings and wholesale sales.

Competition / Market:

none

Reasons for selling:

Owner is retiring

Trading hours:

10:00 AM- 9:00 PM daily Sunday 11-6

Employees:
8 to10
Years established:
Current owners purchased in 2011

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Support and training will be offered for a month after purchase

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Will finance with 300K cash down

Furniture / Fixtures value:
$329,000
Relocatable:
This business can be relocated.

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