REDMOND, Washington
| Asking Price |
$495,000 |
Year Established |
2006 |
|
| Annual Revenue |
$1,309,893 |
Reason for Selling |
Seller is retiring |
|
| Annual P/L |
$123,017 |
Attention |
David Smith |
|
| Annual Cash Flow |
$123,017 |
Listing Number |
1008424 |
|
| # of Employees |
7 |
Business Category |
Retail: Florists, Gifts, Cards, Books |
|
Business Overview:
Turnkey franchise food business consistently does over a $1,000,000 annually with a six-figure net income. Just a few short years ago, they made over $2,000,000 in annual sales.
There are two locations that are being sold together. Both in prime high traffic locations just minutes from each other in King County. Both locations have been established for more than 16 years each, with a long, loyal customer/corporate client database built up.
We are talking about gift baskets made up of a diverse menu to work with. If you are a creative-minded entrepreneur, you will be working with and making beautiful gift baskets filled with fruit, chocolate, flowers, cookies, and nonalcoholic wine or any combination thereof. There is NO cooking, NO greasy cleanup to deal with.
No competition in town or the surrounding towns. This franchise concept lends itself well to absentee ownership or semi absentee ownership. This is a great business opportunity for investors, or for a spouse or a partner. You can operate this with limited supervision, or you can jump all in on the daily activities, and hey, maybe you could push that $2,000,000 annual sales mark again.
Other delightful things about this business are that there are about 600 franchise locations, so there are always answers and support available. This business is NOT labor-intensive, so it is NOT that physically demanding on your body. With just a few employees at each location, your labor costs are at a minimum. This is a very easy concept to learn for you, your employees, and managers.
These beautiful gift baskets generate consistent revenue all year long, but there are 20 holidays during the year that are especially sweet ($$$), Christmas, Mother’s Day, Valentine's Day, to name a few. Probably you should put these days on your calendar for you to come in and help your employees, it’s that busy. If you are good at social media, here is another great way to add to these already great sales. Seller is retiring, so for the right buyer, the time is now on this business opportunity.
Property Features and Assets:
<p>Two franchise locations are to be sold together in this deal. Downtown Redmond has a monthly lease of $5,500, and Kirkland has $5,400, both with the triple net included. Bellevue square footage is 711, and Kirkland is 1,165 sq ft. Both leases have a lot of life left on them. In-store cameras so the owner can watch businesses from home. Both locations have extra storage areas. For an extra cost, there are 2 refrigerated vans that can be added to this sale.<br></p>
Market Competition and Expansion:
<p>Having two stores close to each other like this enables the owner to have some distinct advantages, like the increase of business coverage area, handling overflow at one location, employees could easily fill in for each other’s location when necessary, and the owner being able to save money in buying supplies in bulk.</p><p>This is generally passive income for the owners, as current ownership only works about 12 hours a week, but with a new owner who was part of the daily operations and being more active on social media, this business could see the sales swell up to pushing $2,000,000 annually.</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity