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Friday, May 18, 2012
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Edible Arrangements-Outstanding Brooklyn Location
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Brooklyn - New York, Kings
| Seller Financing: |
No |
| Lender Pre-Qualified: |
No |
| Listing ID: |
71977 |
| Office ID: |
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| Status: |
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Listing Details
| Listed Price: |
$299,000 |
| Down Payment: |
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| Total Sales: |
$465,000 |
| SDE: |
$125,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$150,000 |
Included? Yes |
| Real Estate: |
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Included? |
| Inventory: |
$5,000 |
Included? No |
| A/R: |
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Included? |
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| Reason for Sale: |
Other Business Interests |
| Training: |
Complete training through franchisor |
| Financing Terms: |
SBA guaranteed financing may be available for qualified buyer. |
Operations
| Year Established: |
2007 |
| Last Acquired: |
2007 |
| Form of Ownership: |
Corporation |
| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
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| Absentee Owner: |
Yes |
| Online: |
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| Employees: |
Full Time: 2 / Part Time: 2 |
| Managers: |
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| Hours: |
M-F 9-6 Sun 10-3 |
| Owner Hours: |
15 |
| Non-Owner Payroll: |
$64,000 |
| Franchise Info: |
Edible Arrangements |
Location
| Lease Expire: |
11/30/2012 |
| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
1400 |
| Facilities: |
Fully equipped, clean and spacious store with full basement, two walk in refrigerators and a great look. Plenty of room for designing, storage and expansion. |
Summary
| Business Description: |
One of the best in the Edible chain with tremendous upside potential. Already a robust and profitable store, this location boasts 1400 sq ft of workable space with a full basement. It has a wide delivery territory, has always delivered a good product and has a good reputation among Edible stores and customers. It started in Nov 2007 and is still growing, up over 5% in 2011.
There is room to grow with development of more corporate gifting business, with the addition of hours and days in which the store can remain open and with an owner/operator who would be present at the location.
Currently successful as a quasi-absentee owner, this location is prime for explosive growth with the right owner. |
| Historical Summary: |
Started in 2007 and has had the same owner for its duration. |
| Owner Qualifications: |
Franchisor qualifications need to be met. |
| Competition: |
Limited immediate competition. |
| Potential Growth: |
Corporate accounts are the number 1 growth opportunity,
7 day week will greatly enhance the volume,
Owner/operator presence will reduce overhead and improve in store operation |
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