This business is a Twin Cities multi - store national franchise specialty food retailer. They were open all during the pandemic as they were designated as an essential business. 2020 sales were slightly affected by the pandemic, but the 2021 numbers show some of the highest sales & cash flow ever. Their sales over the years have been very consistent with a strong seller's discretionary earnings averaging between 12.5% and 15% of sales. This business is seasonally like all retail businesses. The current owner utilizes in store managers at each location allowing him to limit his hours for most of the year but working up to 40 hours per week during the holiday seasons. This provides him with a lot of flexibility as to his time commitment. If the buyer chooses to work more hours, the buyer could increase the cash flow by limiting the store managers hours. Moreover, this is a retail business that is NOT open from 7 am to 9 pm 7 days a week!! This business is only open about 46 hours per week and no Sundays or holidays! The quality buyer will need to be vetted by the franchisor and then, if approved, attend training at both the corporate training location and at one of the certified training stores.
- Asking Price:
- $849,000 Furniture / Fixtures included
- Sales Revenue:
- Cash Flow:
- Real Estate:
- Premises Details:
The business operates out of multiple store locations located in retail strip centers close to major retail malls. Their leases run with options into 2029 & 2030. All the locations are in good repair with more than adequate parking and the all the equipment is in excellent running shape.
- Expansion Potential:
Prior to the pandemic, sales for the three previous years were fairly steady averaging about $2,776,000. 2020 was a slightly down year, but in 2021, sales and cash flow are back up and better than 2019 financial results.
- Competition / Market:
Their competitors are grocery stores and any restaurant that offers business lunches. However, this company's product is unique and not offered many of their competitors' locations.
- Reasons for selling:
The owner wishes to retire.
- Trading hours:
Mon-Fri 10am-6pm; Sat 10am-4pm
- 8 FT/3 PT
- Years established:
- Franchise opportunity:
- Support & training:
Will train for 4 weeks @ $0 cost.
- Furniture / Fixtures value:
- $208,600 - included in the asking price
- This business can be relocated.