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Business For Sale
GLORIA JEAN'S FRANCHISE OPPORTUNITY
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Asking Price: |
$465,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Coffee, Cafe, Dessert
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Yearly Revenues:
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$701,575 |
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Yearly Cash Flow:
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$100,750 |
Business for Sale Overview:
This pair of Gloria Jean’s Gourmet Coffee kiosks is superbly located in an affluent area where high end coffee is in demand. The mall is New England’s premier shopping destination with 6 anchors as well as 700,000sf of small upscale retail and 5 full service restaurants. Luxury condominiums are being constructed attached to the mall, which will add to the live/shop/dine atmosphere throughout. 3 million people live within a 15 mile radius of the mall, and 53% of them boast household incomes of over $100K.
Founded in 1979 and franchising since 1986, Gloria Jean's is now the largest franchised retailer of specialty coffees with over 500 locations worldwide. The coffee business is becoming increasingly competitive, and just like fast food 30 years ago, the specialty coffee business is beginning to shift to chains because of their advantages in specialized training, innovative product introductions, management control systems, purchasing power, and specialized promotion and advertising. Gloria Jean’s system is proven, established, and has passed the test of time. As one of the world’s leading providers of specialty-flavored whole bean coffees, Gloria Jean’s has been providing the ultimate coffee experience for over 25 years.
Franchisor Requirements: Sufficient liquidity, good credit, and business experience preferred.
Property Features and Assets:
All signs, fixtures, and equipment included except noted leases. Equipment is in good working condition at time of changeover.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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