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Heavenly Ham Store

Metro Louisville, Indiana (Floyd County)

Retail - Restaurants | Retail - Miscellaneous Retail

$Seller Financing Available

Asking Price $180,000 Inventory $3,000* 
Gross Income $420,000 Real Estate  
Cash Flow $65,000 Year Established 1998
FF&E $60,000* Employees 12

* included in the asking price

** not included in the asking price

The only Heavenly Ham store in the area. Strong repeat business, nearly 50%. High seasonal sales around Christmas, Thanksgiving, and Easter. Aprox 25% of annual revenue occurs in December. 2008 sales up 8% over 2007. Franchisor will help new owner implement proven sales plan to increase sales through the backdoor up to $200k! By choice, current owner does little promotion of the delivery, catering, and corporate sales programs in place. Specializes in fully cooked, spiral-sliced, hardwood smoked, honey-spice glazed hams. Also tender smoked turkeys, other specialty meats, Box Lunches, home-style side dishes, desserts and fresh-baked breads. No grills or fryers. Family-friendly hours. 10a-6p Mon to Fri 10a-3p Sat.. Franchisor owns Heavenly, Hickory, and Honeybaked brands and operates over 600 retail locations for 50+ yrs. (This location can be converted to Honey Baked Ham.) New locations cost $299-351K to start. Own this location with existing positive cash flow for $180K!

Facilities: 2100 sq ft. $2300 / mo. Seats 24.Majority of business is carry out. Large prep area in back. All equip, seating, etc included in asking price.

Competition: The only store in Metro Louisville. Excellent hwy frontage. Located in heavy commercial area - businesses, retail, and health care offices. 1/4 mile off freeway.

Growth/Expansion: Current owners not doing outside sales or catering. According to franchisor, a sales minded owner could increase sales $200K with no additional expenses. Franchisor has proven sales plan to be implemented.

Seller Financing Available: Yes

Financing: Seller Financing Possible

Support/Training: Full training and ongoing support by franchisor.

Reason Selling: Retirement

Business For Sale By

Geoffrey & Associates, LLC

502-213-0055

Geoffrey & Associates, LLC

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