17573A-Culinary Classes with Tremendous Opportunity for Growth

AZ

Seller Financing Available
17573A-Culinary Classes with Tremendous Opportunity for Growth
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Asking Price: N/A

Cash Flow: $140,000

Gross Revenue: $667,000

EBITDA: $91,650

FF&E: $221,000

Inventory: $107,148

Established: 1993

17573A-Culinary Classes with Tremendous Opportunity for Growth

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Business Description

This long-standing, unique cuisine school and retailer of high-end kitchenware is located near a major city in Arizona. They provide culinary classes based on niche concepts, an excellent experience for small get-togethers or individuals just looking to improve their kitchen techniques. With a wide variety of kitchen education, classes for lunch, dinner, desserts and techniques are offered for kids, teens and adults. In addition, they sell a variety of quality cookware and kitchen utensils. Their retail shop features cutlery, tableware, pots and pans, barbecue utensils, bake-ware, cookbooks, specialty food, kitchen gifts ideal for the holidays, and so much more! When customers finish their classes, they are enthusiastic to cook like the pros at home; the store has everything they might want or need. The synergy between the classes and the retail operation is a key driver of revenue. Summer programs keep this business busy all year round. Their popularity has grown exponentially since its inception and the financials have been stable with minimal marketing efforts. The prime 4,000 sq. ft. leased facility is in excellent condition and surrounded by a parking lot. With experienced team members, they maintain a strong reputation and stay ahead of food trends, new concepts, and changes in the types of cooking techniques and products. Marketing efforts focus on loyal customers, word-of-mouth referral sources and SEO. With carefully implemented management, there are many opportunities for further company growth, owner-independent operations, profitability, and scalability. Expanding web presence and diversifying online purchasing/e-commerce, as well as franchising company's model and practices nationwide presents growth opportunities. Total revenue for 2018 was $667,068 and SDE of $139,079, based on an independent valuation!

Detailed Information

Inventory:
Included in asking price
Employees:
27 Part time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
The owner will be available as needed for a standard transitioning period.
Reason for Selling:
Approaching retirement
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(from currently available funds)
 
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IAG Buyer Division

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IAG

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