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Very Upscale Mall Retailer - Excellent Cash Flow
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $500000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2010
Number of Employees 6 - 9
Inventory 160000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training A comfortable transition period will be provided by a very motivated owner who truly wants to move on but who wants to see the business continuing to flourish. A very well trained team will stay in place and support the new owner in all aspects of the bus
Reason for Sale Retirement.
Description This highly desirable retail franchise provides top quality, store made chocolate/candy to in- store and internet customers. In only two years, this ''destination shop'' has shown stable revenue and profitability in 2010 and 2011. However, there is tremendous growth opportunity as the current owner is not taking advantage of the full sales potential due to time limitations (internet, mail order, event items, etc). The seller's facilities are located in a major upscale mall in central New Jersey.
Most customers live within a fifty- mile range and are frequent repeat customers. The store enjoys a competitive advantage by having long-term customers who appreciate the large selection of top-quality chocolate, candy and specialty products. Further, a successful franchise provides back-up and operator training.
The business was conservatively valued at 3.1x EBITDA (ttm) after the financials and tax returns have been fully reviewed by an accredited national valuation firm. There is no debt. The business is pre-qualified by an SBA lender subject to buyer's financials, and by implementing the proposed deal structure a buyer will obtain $100k/year in after-debt cash flow, or a 120%+ return on buyer's cash down-payment.
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