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Asking Price$295,000
Revenue$619,262 Established1993
Cash Flow$84,000 Employees8 full-time
FF&E$145,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Profitable and highly successful retail franchise company with a gross yearly income of $619,262 and a net income of $84,000 which offers gourmet gift baskets, cookie bouquets and corporate gifts and creative cookie arrangements nationwide. Approximately 99% of the product is delivered locally and nationally. The present owner is semi absentee, working approximately twenty hours per week and involved in an alternative business opportunity not in this industry. For over thirty years this national company has been supplying to its customers creatively designed gourmet gift baskets, cookie cakes, cookie bouquets and cookie trays, filled with delicious hand decorated cookies. The high-volume franchise company offers custom hand decorated cookie bouquets, gourmet cookies, cupcakes and confectionery treats. With a wonderful reputation, this company has been delighting people across the US with a unique and delicious gifting alternative to flowers. Their ability to create custom cookie bouquet designs with a personalized message as well as provide local hand delivery set them apart. Their customers are thrilled with the ease of service and creativity that delivers their gift with a distinctive touch. The company has a national web site which directs their customers to their location for them to see products are available for any occasion. If their customers need a last-minute gift, they offer same day gift delivery options. From wedding gift baskets and cookie favors to birthday gift baskets, thank you gift baskets, corporate gift programs, Valentine’s, Mother’s Day, to get well gifts, they have the perfect gift ideas all in one place. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal licenses, however franchise approval is required. This company routinely has eight full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $7,700. The business has an assignable commercial lease which expires 2023-01-01, plus additional options, with a monthly rent of $5,200, cost per square foot is estimated at $28.36 and rent security of approximately $8,000. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,200 square feet and has an estimated capacity for fifteen customers and substantial room to expand. The company’s fixed assets has an estimated value of approximately $145,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped retail store, which includes, required licenses, web site, social media venues, commercial kitchen / baking ovens, fire suppression system, refrigeration, freezers, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private parking on site as part of the commercial lease. This successful retail business operation is active six days per week, closed Sunday, with hours from 9:00 am to 6:00 pm. The business transaction includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $295,000 based on a multiple of the net yearly income and includes the value of the specific business assets. As a franchise, purchaser is responsible for a transfer fee for the required training. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a unique dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This long standing professional opportunity is in Northern New Jersey, Bergen County, and services dozens of highly populated affluent cities with continued demand for this product. This successful retail facility which consist of approximately 2,000 square feet have an attractive and modern appearance which attract a solid customer base. The business is at a free-standing building with excellent position and substantial drive by traffic. This city consists of hundreds of businesses and corporations which use this product.
Competition:Regarding competition, there are limited competitors in this particular industry. Also, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a basic marketing plan, poor local advertising, limited web site and if improved can further develop the business yearly gross sales.
Training/Support:If desired, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Can be available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the owner involvement in an alternative business.
Ad #101800
Seller Reference #RETL320
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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