Phone: (301) 215-9288
Price: $692,000
Location: Fairfax
Industry: Retail , Gift and Novelty
Listing ID: MZN-455
After 14 years of successful operation owner selling this attractive business and focusing on their IT Business Development. 2020 was the best year for this company and year to date through April revenue is 56% better than last year. 75% of orders are coming through internet and website. One of partners who manages the business is willing to stay on board and continue managing the business based on mutual agreed term. Food cost is only about 25% of revenue which is very impressive. Rent expense is only about 7% of revenue. 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.
Listing Details
Revenue: $1,111,000
Cash Flow: $225,000
EBITDA: $160,000
FFE: $82,000 (Included in Price)
Inventory: $4,000 (Included in Price)
Lender Pre-Qualified?: Yes
Reason For Sale:
Principals are focusing on expansion of their Federal IT business and would like to sell the business at its best performing level.
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: 2013
Location
Monthly Rent: 9300
Facilities Information:
The business is conducted from two great locations and located in one of the fastest growing city in Northern Virginia. Lease terms are attractive.
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:
The business has been growing nicely, after purchasing the first franchise location the second location was established. The revenue in 2020 was 42% better than 2019 and year to date through April sales is 56% better than 2020.
Financing/Terms:
The business is qualified for SBA financing to qualified buyer.
(Mike) Majid Zarinbaksh, MBA, CBI, M&AMI
[email protected]
(301) 215-9288
Address:
7735 Old Georgetown Rd., Suite 910
Bethesda, MD 20814