Business Overview:
Blended drinks, smoothies made to order . Excellent West Hartford location, in and amongst various high end retail shops. This location offers a low cost, healthy refreshment break Excellent opportunity for a new owner/operator, because the guess work, and the difficult times associated with opening any new business are in the past. The guess work from the respect of whether the location, and the product will be viable. The revenues for all of 2010, $447,930 resulted in a 23% increase over the first year full year revenues in 2009 of $364,000. The owner does not expect that the full year 2011 to continue at the increased rate of 23% ahead of the prior year, but does expect continued growth, and to exceed last years totals. Financial data is constructed from Internal documents.Inventory (approx. $4,000), inventory value. Buyer to be responsible for a $15,000 franchise transfer fee.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
1,129 sq. ft. Initial 5 year term started 11/2008; Monthly rates as follows: base rental of $3,992.90 remains the same for the initial 5 year term, plus estimated tax $343.40, plus operating costs $456.30. There are renewal options for 3 additional periods, of 5 years each.
Market Competition and Expansion:
The difficult time is normally the period of the build out of the physical location, in conjunction with the ensuing slow revenue months immediately after a new business opens its doors for the first time. A new owner would have no such issues, and can be owner/operator in time to benefit from the warmer months, when average revenues last year were consistently higher.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: