Uptown Popcorn Cedar Hill
Uptown Popcorn - Cedar Hill Gourmet Popcorn Shop
Cedar Hill, TX
Uptown Popcorn at Cedar Hill provides over 50 flavors of gourmet popcorn to residents of the greater Dallas area. Uptown Popcorn has a great advantage in this market being located in one of the biggest shopping centers in south Dallas, Uptown Village Cedar Hill. Uptown Village at Cedar Hill contains 615,000 square feet of open air retail space anchored by stores such as Dillards, Barnes & Nobles and Dicks Sporting Goods. In addition to the anchor stores, Uptown Village at Cedar Hill attracts and leases space to numerous national retailers. Some of these retailers include Buckle, Aeropostale, Hollister, American Eagle, Kay Jewelers, Old Navy, Victoria's Secret etc. The presence of these retailers helps to drive immense foot traffic through the center. Uptown Popcorn is one of the most centrally located spaces in the center. We are conveniently located directly in the middle of the center, right in front of the outdoor fountains. This is a great spot for two reasons. First, in the summertime, kids play in the fountain to cool off during the summer months. When the kids need a snack we are conveniently located directly in front of the fountains to provide our product. Second, during the winter months, Santa's house is located directly in front of our space. With Christmas being our busiest time of the year, this is a huge advantage as far traffic is concerned. In addition, this store would be sold as-is. With the purchase of this business, the prospective buyer will receive all necessary equipment to efficiently run the business. All current inventory, POS system, storage bins etc., would be included in the sale.
B2B Recycler and Supplier Ink-toner Cartridges 19727
Business will benefit from sales-oriented Owner
Business is primarily a B2B (Business to Business) recycler and supplier of ink and toner cartridges to local businesses (~65%) and consumers (~35%) in northeast Tarrant County. The business primarily sells remanufactured cartridges but also offers OEM (Original Equipment Manufacturer) cartridges. Additional services include secure shredding, printer maintenance & repair and paper sales. Business remanufacturers higher volume, simple inkjet cartridges and purchases low volume inkjet plus all toner cartridges wholesale from 3rd party partners. Originally founded as a franchise, the owner terminated the franchise agreement in December 2014 positioning the business for significantly higher future profits (no royalties). Many growth opportunities exist for an aggressive, sales-oriented hands-on owner-operator.
The business is located in a busy strip center with easy access to major Highways for walk-in consumer customers. Same or next day free delivery is provided to approximately 400 local businesses within about 10 miles of the store. The B2B customer base spans all industries and includes small to medium sized businesses.
The business has been in profitable operation for many years. However, the last three years have been negatively impacted by construction traffic. Although now completed, this multi-year, major road construction project, known as the DFW Connector Project, significantly impacted walk-in retail customer traffic. The business is located less than one block from two of the major highways impacted by that project. The construction is now complete and, to the knowledge of the owner, no further construction is planned.
The business recently relocated in March 2015 to a smaller space within the same shopping center. The relocation allowed the business to retain the current customer base, take advantage of improving traffic flow (post-construction) and reduce operating expenses. The business has an excellent manager who has been an employee for five years. Customer surveys reflect a strong, positive reputation for excellent customer service. Many customers have come to depend on the business for printer expertise and recommendations.
The owner and spouse work approx 30 hrs/wk in the business. The personable, knowledgeable store manager works 40 hrs/wk and has four years experience. The store manager is responsible for the day-to-day operation of the store which includes taking customer orders, counter sales, cartridge production, ordering production materials and finished cartridges based on need, inventory management, resolution of customer issues, telemarketing and directing activities of other employees. The owner expects that all employees will be willing to stay.
NOTE E2 VISA ELIGIBLE. This is an ideal business to obtain an E2 Visa: full-time employees and profitable income for a qualified owner-operator.
The asking price for the assets of the business is $140,000 ALL-CASH or $180,000 with $90,000 down and $90,000 seller-financed to a qualified purchaser for 5 yrs @ 8% ($1,825/month). All seller financing to be personally guaranteed. The seller prefers to sell for ALL-CASH. The assets include inventory at cost of $18,000, FFE (Furniture, Fixtures and Equipment) valued at $22,000 and Accounts Receivables totaling $10,000. Business will be transferred free and clear of any other liabilities.
Key words: Grapevine, Keller, Southlake, Colleyville, Irving