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Listed by:

The Agency NW Real Estate

Profitable Turnkey Franchise Food Business For Sale

Redmond, Washington, US
Asking Price:
$495,000 Furniture / Fixtures included
Sales Revenue:
$1,309,893
Cash Flow:
$100K - $250K

Turnkey franchise food business consistently does over a $1,000,000 annually with a six-figure net income. Just a few short years ago, they made over $2,000,000 in annual sales.

There are two locations that are being sold together. Both in prime high traffic locations just minutes from each other in King County. Both locations have been established for more than 16 years each, with a long, loyal customer/corporate client database built up.

We are talking about gift baskets made up of a diverse menu to work with. If you are a creative-minded entrepreneur, you will be working with and making beautiful gift baskets filled with fruit, chocolate, flowers, cookies, and nonalcoholic wine or any combination thereof. There is NO cooking, NO greasy cleanup to deal with.

No competition in town or the surrounding towns. This franchise concept lends itself well to absentee ownership or semi absentee ownership. This is a great business opportunity for investors, or for a spouse or a partner. You can operate this with limited supervision, or you can jump all in on the daily activities, and hey, maybe you could push that $2,000,000 annual sales mark again.

Other delightful things about this business there are about 600 franchise locations, so there are always answers and support available. This business is NOT labor-intensive, so it is NOT that physically demanding on your body. With just a few employees at each location, your labor costs are at a minimum. This is a very easy concept to learn for you, your employees, and managers.

These beautiful gift baskets generate consistent revenue all year long, but there are 20 holidays during the year that are especially sweet ($$$), Christmas, Mother’s Day, Valentine's Day, to name a few. Probably you should put these days on your calendar for you to come in and help your employees, it’s that busy. If you are good at social media, here is another great way to add to these already great sales. Seller is retiring, so for the right buyer, the time is now on this business opportunity.

Property Information

Real Estate:

Lease

Lease Terms:

Two franchise locations sold together in this deal. Downtown Redmond has a monthly lease of $5,500, and Kirkland has $5,400, both with the triple net included.

Leasehold Rent:

see lease terms per annum

Living Accommodation:

N/A

Location:

There are two locations that are being sold together. Both in prime high traffic locations just minutes from each other in King County. Both locations have been established for more than 16 years each, with a long, loyal customer/corporate client database built up.

Premises Details:

Two franchise locations sold together in this deal. Downtown Redmond has a monthly lease of $5,500, and Kirkland has $5,400, both with the triple net included. Redmond's square footage is 711, and Kirkland's is 1,165 sq ft. Both leases have a lot of life left on them. In-store cameras so the owner can watch businesses from home. Both locations have extra storage areas. For an extra cost, there are 2 refrigerated vans that can be added to this sale.

Size in square feet:
Redmond's square footage is 711, and Kirkland's is 1,165 sq ft.
Planning Consent:

N/A

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Having two stores close to each other like this enables the owner to have some distinct advantages, like the increase of business coverage area, handling overflow at one location, employees could easily fill in for each other’s location when necessary, and the owner being able to save money in buying supplies in bulk.

This is generally passive income for the owners, as current ownership only works about 12 hours a week, but with a new owner who was part of the daily operations and being more active on social media, this business could see the sales swell up to pushing $2,000,000 annually.

Competition / Market:

No competition in town or the surrounding towns.

Reasons for selling:

Seller wants to retire

Trading hours:

Open 7 days a week
9 AM to 7 PM Monday through Saturday
10 AM to 3 PM Sunday

Employees:
7 employees in total 3 FT and 4 PT
Years established:
2006

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

See franchise website. When you sign the nondisclosure agreement (NDA) you will be given franchise information

Other Information

Support & training:

This is a franchise so all the training and ongoing support is in place for you to be successful. Seller willing to give additional training to new owner so they can make a smooth transsition into ownership of both locations.

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

With 60% cash down at closing it is a case-by-case basis.

Furniture / Fixtures value:
$22,000 - included in the asking price
Inventory / Stock value:
$40,000