Candy Store in Downtown Tempe - Mill Ave.

Maricopa County, AZ

Candy Store in Downtown Tempe - Mill Ave.

Asking Price:$90,000

Cash Flow:$30,548

Gross Revenue:$268,732





*not included in asking price.

Candy Store in Downtown Tempe - Mill Ave.

Get Financing Save Print Share Valuation Report

Business Description

The Candy Addict Store (“Candy Addict”) is a unique single-location retail business in the heart of downtown Tempe, AZ. Opened in December 2010, the store features over 1500 different types of candy, including old time favorites, novelties, and international brands. It is the only store in the Phoenix metro area to carry Cocopotamus handmade chocolate fudge truffles. Candy Addict, which is family-owned and operated, has become a mainstay in the area and is popular with local residents and visitors alike.
Based on changes in the seller's family priorities, they are looking for a new owner who can take the company to the next level and beyond. The upside potential to expand the business in scope and revenue is based on several factors.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
First, the store is located a block away from one of the largest universities in the US, Arizona State (ASU); it’s 1.5 blocks away from the Phoenix Metro Light Rail; and it’s 3 blocks from Tempe Town Lake and Beach Park, where numerous festivals, holiday events, and sports marathons (such as Iron Man Arizona) are held throughout the year.
As the new owner, you will have the opportunity to operate a successful storefront business in a close-knit, thriving metro area, as well as expand the brand and business channels through active marketing, relationships with local hotels and organizations, and partnerships with Tempe tourism groups. The appetite for a greater online presence and social media is there, and the right owner will be able to capitalize on the word-of-mouth marketing we’ve done so far. An added bonus is that candy is virtually recession-proof: it has a low-cost entry point, people of all ages enjoy it, and the learning curve is relatively simple.
Growth & Expansion:
Iron Man Arizona) are held throughout the year. The downtown area also holds events, such as the semi-annual Tempe Festival of the Arts, which brings 200,000 visitors to the immediate downtown area over a three-day period. Second, we have a high percentage of repeat customers, thanks to residents and employees in various business complexes within a short radius. This will grow as construction for a nearby $600 million building development completes this year, adding thousands of workers within 1-2 miles of the store. New hotels and condos are also currently being constructed in the same area and future city plans include a local trolley system that will pass down Mill Avenue in front of the store. Third, the area is a huge draw for tourists coming in for the local events, sports, ASU graduations, etc. We’re also located just 10 minutes away from Phoenix Sky Harbor Airport.
Support & Training:
Seller will train.
Reason for Selling:

Listing Statistics for Premium Members

Ad#:1271719 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

David Miller

Business Listed By:
David Miller

Small Business America (R) -West USA Rea

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in The Arizona Business Brokers Association (AZBBA).

Find out more...

Get more details about this business.

Similar Listings

Apricot Lane Boutique

Franchise Opportunity
Capital Required: $131,300