Memphis TN Suburb 2-Unit Gigi's Cupcakes Franchise-TurnKey-Great Books

Cordova, TN (Shelby County)

Memphis TN Suburb 2-Unit Gigi's Cupcakes Franchise-TurnKey-Great Books

Asking Price:$250,000

Cash Flow:N/A

Gross Revenue:$836,346




Rate/Sq. Ft.:$2.26


Memphis TN Suburb 2-Unit Gigi's Cupcakes Franchise-TurnKey-Great Books

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Business Description

Two Gigi's Cupcake National Franchise Locations in Suburban TN.
Great Books and records are available.

Unit One/Cordova: Open Dec 2011. Approximately $250,000 opening costs.
Unit One: 2015 Gross Sales $503,352.91

Unit Two/Germantown: Sept 2010. Approximately $210,000 opening costs.
Unit Two: 2015 Gross Sales $332,994.02

Priced at $250,000 as a package plus Buyer pays for on-hand food inventory at Seller invoice cost and Franchise transfer fees.

Detailed Information

Real Estate:
Building Sq. Ft.:
Lease Expiration:
Unit One/Cordova: 1,600 SF. Rent of $3,368 Less than a year 1, 5 year option with around $25,000 free rent. Hours: Monday-Saturday 10am-7pm; Sunday 10am-5pm. Unit Two/Germantown: 1,700 SF. Rent of $3,843 Ends in Sept. Will renew for 1 year. Hours: Monday-Saturday 10am-7pm.
Support & Training:
Yes, please ask broker for details.
Reason for Selling:
Other business interests.
This business is an established franchise

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Steven Josovitz

Business Listed By:
Steven Josovitz

Shumacher Restaurant Brokers

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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