Business For Sale

Very Profitable Gourmet Popcorn Business

Philadelphia, PA
Philadelphia County

Asking Price: Annual Revenue:
$399,999 $500,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Very Profitable Gourmet Popcorn Business Broker: JIM BAKER
License #: U812..773
Owner Financing is Available!
With 300K Cash down the owner will carry a note.

Quick Facts

Asking Price: $399,999
Annual Revenue: $500,000
Net Profit: $183,000
Cash Flow: $183,000
Total Debt: Not Disclosed
FF&E: $320,000
Real Estate: Florida
Year Established: 2011
Employees: 9
BBN Listing #: 9437375
Broker Reference #: TB101

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Business Overview:

Retiring owners in the Philadelphia area have built a profitable gourmet popcorn business whose parent company is Dippin' Dots Ice Cream that maintains 100 plus licensees internationally. The purchase price of this highly-successful franchise is $469,000 which includes $320,000 in assets; this is 2.5x the Current Owner's Benefit of approximately $182,000. With two fully-operating kiosks in Willow Grove Mall ( PA ) and Cherry Hill Mall ( NJ), gross sales are $500,000. These kiosks may be run as an absentee owner or owner/ operator. Presently, the owners maintain 10+ licenses in the U.S. Both malls provide a desirable venue having strong anchor stores such as Nordstrom's' Macy's and Bloomingdales. Early success in these malls have generated interest and expansion possibilities in other local malls.
While providing all the benefits of a traditional, healthy snack food, this delicious gourmet popcorn is available in a vast array of appealing flavors. The popcorn is available in an assortment of bag sizes of holiday/specialty tins.Needless to say, the repeat business is extremely strong. Present owners will provide training and support, and will consider financing with $300,000 cash down. In addition, the sale includes the remaining license agreement, two fully-operating kiosks , two kiosks in storage, leased warehouse and two current LLCs.This is a solid, well-run business with OUTSTANDING growth potential!

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Property Features and Assets:

The business is earning nearly 200K annually and has over 320K in assets. If you are looking for a profitable little cash cow business, this is us today....

Market Competition and Expansion:

NO other popcorn businesses in either mall. Plenty of other malls in the area for future expansion, generated by the early success in the mall in which they are located.

Reason for Selling:

Owner is retiring

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.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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