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Franchise Fruit Bouquets
Location Michigan,United States
Asking Price Range $250K - $500K
Gross Revenues $555340
Net Profit / Cash Flow $117375
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller and Corporate training is available
Reason for Sale Retiring
Description Edible Arrangements is a franchise company that sells and delivers fresh fruit and gourmet chocolate bouquets. These are a wonderful, healthy and welcome alternative to floral arrangements. There are appropriate and tasteful arrangements for all occasions including weddings, bridal and baby showers, birthdays, holidays, sympathy and much more.
There are over 1000 locations worldwide, over 950 locations throughout the United States and 24 in the State of Michigan. Each franchisee has an assigned, defined territory. The potential buyer must be approved by the franchisor and seller. There is a one week training period that occurs in Connecticut. The transfer fee is $7,500 and is to be paid for by the buyer. In addition, another $20,000 may be required from buyer for needed store upgrades required by the franchisor. Ongoing royalties are 5% of gross sales and National Advertising and TV advertising is another 5% of gross sales. The website is managed by the franchisor who distributes the orders to the appropriate franchise territories.
This location is in an affluent area of S/E Michigan and is one of the top grossing locations in the state. Sales have increased annually by 5%. 2012 sales were over $550,000 with Seller?s Discretionary Earnings (SDE) of $117,375. The seller oversees the business and works approximately 20 hours per week. The day-to-day operations are run by 2 managers who collectively earn a total of $40,000 per year plus 8 part-time employees.
Buyer must maintain confidentiality. All information provided in office to qualified buyers only. Call Armen Nazarian @ 248-855-7753
Click Here To Contact Seller
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