Phone: (301) 215-9288
Price: $225,000
Location: Lutherville
Industry: Retail , Gift and Novelty
Listing ID: MONTGMD006-N437
This is a business you love! low food cost and high margin with all employees in place. The business is open only 6 days a week. 75% of orders are coming through internet and website. Food cost is only about 25% of revenue which is very impressive. Rent expensed terms are attractive. If you are looking to own a high margin, low overhead, and healthy food business with high cash flow, this might be a perfect fit for you. The company sells Fruit Arrangements, Chocolate Dipped Arrangements, Chocolate Covered Fruit Boxes, and many more variety of Gift Baskets.Franchisor has been very creative and recently add more variety of products. Sales growth has been impressive in 2020 and still growing in 2021.
Listing Details
Revenue: $460,000
Cash Flow: $70,000
FFE: $35,000 (Included in Price)
Inventory: $4,000 (Included in Price)
Real Estate: (Not Included in Price)
Seller Financing: Available
Lender Pre-Qualified?: Yes
Franchise?: Yes
Reason For Sale:
Downsizing and Retirement
Training & Support:
Management will provide two weeks of free training, and also franchisor has an excellent training and support program for new owner. Also, one of partner is willing to stay full time on board based on mutually agreed employments term.
Operation
Year Established: 2015
Days & Hours of Operation: Monday-Saturday 9:00am-5:00pm, closed ion Sunday
Employees: 7
Location
Monthly Rent: 4710
Type of Location: Retail
Square Footage: 1050
Facilities Information:
The business operate from 1,050 SF of space in an attractive location surrounded with businesses and residential.
Summary
Competition:
- The business has variety of irresistible products and provides an outstanding customer service to customers and has 5 star rating. There are some other gift basket businesses on internet but customers love this company because of being local, and part of community. Nationwide brand recognition has been a valuable asset for this business.
Potential Growth:
- Buyer has an opportunity to grow this company by more marketing and probably extended hours.
Financing/Terms:
Seller will provide partial financing to qualified buyer.
(Mike) Majid Zarinbaksh, MBA, CBI, M&AMI
majid@sunbeltnetwork.com
(301) 215-9288
Address:
7735 Old Georgetown Rd., Suite 910
Bethesda, MD 20814