Business Overview:
Profitable Dessert and Gift Franchise - Absentee Owner. Must be local San Diego.
Rare opportunity to own an established franchise that is consistently profitable and growing even during the pandemic. 90% of orders are placed on-line and delivered. The brand is very strong with approximately 1000 outlets nationally. It offers a cheery and tasty concept allowing for creative expression yet a systematized process.
Store operates from 9-5pm M-S with 7-10 part time employees most with significant tenure. Wages are between $13 and $19/hour. There is one strong manager. 1270 square foot location is in very good condition and rents for $3840/mo. including CAM.
Seller to pay franchise transfer fee. Buyer responsible for franchisor training fee. Training has been virtual during most of 2020. Royalty 5% plus brand marketing fee of 3.5%. Franchisor provides active support and is expanding the concept with new additional savory offerings. Majority owner must be a US citizen.
2019 SDE $171,533 on $550,981 sales. 2020 SDE $198,105 on $675,151 sales. Strong start to 2021. May qualify for SBA with at least 20% down. Alternatively, some seller financing may be offered. Asking $472,500.
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Reason for Selling:
other business interests
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 not a franchise resale opportunity.
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