Big Apple Bagels Franchise in Norfolk, NE
List Price: $68,000
Valuation: Cost to Create- This business cost the current owner more than $230,000 up front to start up. The asking price is a small fraction of that cost
Popular bagel franchise with over $1,000 week of catering contracts! This is an opportunity to own a Big Apple Bagels franchise. With franchise experience since 1993, the corporate franchise team at Big Apple Bagels takes the guesswork out of running an expanding market niche business and lays down a predictable, process driven framework for the owner to follow. What this means is that the new owner will receive the power and stability of an experienced franchise at a little over 20% of the cost of starting one. Open for just over 1 year, the current owner has encountered new life opportunities while battling health issues. The owner is willing to provide additional transition support in addition to the franchise training.
The lease is $1,600 per month for approximately 1,600 square feet of space. There are 6 part-time staff receiving between $10.00 and $10.50 per hour, and there is approximately $80,000 worth of specialized bagel making equipment. The current owner is responsible for managerial oversight, financials, and payroll. Due to the recent startup, the business has not yet had the opportunity to advertise its catering services or to build relationships with the community and Chamber of Commerce, which could lead to increased sales.
Assets Included in Purchase: $85,000
Equipment: $80,000 in specialized bagel production equipment
Intangible Assets: Franchise advertising including web, social media, and other advertising streams
Startup: $130,000 buildout, $100,000 franchise startup fees and initial marketing costs
Weekly catering: $1,000
*amounts may vary
Year Established: 2015
Location: Norfolk, NE
Lease: $1,600 month for 1,600 sq. ft.
Reason for Selling: Urgent health issues and family concerns
Employees: 6 Part-Time: $10.00-10.50 per hour
Seller Training Period: Franchise training and current owner will assist as needed
Growth Opportunities: Expand catering business, build more connections in the community and Chamber of Commerce
Current Owner’s Responsibilities: Management, financials, payroll
Wine Retail with Tasting Room; Profiting over $50K
Madison County, NE
Offering wines, beers and gifts in a relaxed setting, this specialty retail store has everything a wine lover needs. Located in Northeast Nebraska, doing $372,480 in Sales in 2015 this business is offering bi-monthly tasting events in the store, customers are introduced to and have the ability to taste new wines. In-home tastings are also available, and occur twice a month on average. The business is doing a “Winery of the Month” which is selected and featured throughout the month, there are then specials including products from that specific Winery in which draws in traffic from regulars as well as individuals who love that Winery of the month. There are currently 50 Wine-of-the-Month Customers and nearly 600 repeat client email list. While guests have their glasses of wine, assorted gifts and wine parings, such as dips and sauces, are also available for purchase; a great upsell to any customer seeking to have a full experience at this Tasting Room.
The business comes fully equipped with Wine Racks, Coolers, Wine Chiller, and a Tasting Machine – valuing at $66,683. A Buyer would also receive $55,920 in Inventory. Year over year Sales from 2012 to 2014 are consistent with Cash Flow increasing during that same time period. As overall wine consumption in the U.S. continues to increase, offering classes about wines provides an avenue for growth.
The current owner is being an Owner-Operator assisting with the ordering, sales, events, and advertising. Using the Funding Example above and the 2014 annual Cash Flow, a Buyer could have a Net Operating Income after all expenses and loan payments were made of $23,114 in year one.
Location: Northeast Nebraska
Client Information: There are 50 current Wine-of-the-Month customers. Following on Facebook of ~ 600
Building: Located on the 2nd busiest intersection in town!
Employees: 4 PT that work special events
Hours: Monday – Saturday 10am-8pm
Current Owner’s Responsibilities: Owner-Operator – doing the ordering, sales, events, advertising and sales forecasting
Owner Profit/Cash Flow
YOY Sales Trends: Consistent sales from 2012 to 2014
Profit Margin: 14%
Multiple: 3.6 *Multiples range from 1-5, with the average being 3
Valuation: 2014 Cash Flow x Multiple = Price
$50,703 x 3.6 = $182,531
Assets Included in Purchase:
Equipment: $66,683 which includes wine racks, coolers, wine chiller, freezer and tasting machine
Intangible Asset: Fully functioning and active website – providing great SEO for the business. Email List of nearly 600 repeat clients
*amounts may vary
Purchase Price: $180,000
15% Buyer Down Payment: $27,000
15% Seller Financing: $27,000
70% Bank Loan: $126,000
Business Loan fully collateralized by current equipment and inventory!