Edible Arrangements - Attractive Store (SBA Prequalified)

Orange County, CA

Edible Arrangements - Attractive Store (SBA Prequalified)
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Asking Price: $130,000

Cash Flow: $79,000

Gross Revenue: $375,000

EBITDA: N/A

FF&E: $15,000

Inventory: $5,000

Rent: $3,476.01 /Month

Established: 2007

Edible Arrangements - Attractive Store (SBA Prequalified)

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Business Description

Great Store Front Appeal - SBA PREQUALIFIED!

Ever been in or walking by an Edible Arrangements store and think "The fruit is good but what I am really in the mood for RIGHT NOW is something small and decadent." Edible Arrangements now offers Fresh Baked Cookies (warm soft chocolate chip cookies anyone?), cheesecake and fruit smoothies.

Edible Arrangements boasts an incredible 89% brand recognition primarily due to the innovation and uniqueness of its fresh fruit bouquets. This offering has served the brand well, however, the recently hired CEO has a vision of increased revenues and profitability. The individual, on-the-go snack offerings will be a big part of this vision. Additionally he is moving a large portion of the marketing and advertising efforts from a national platform to a regional/local platform that franchisees will have more involvement in. For example, this store is featured in a big social marketing push.

The Owner has enjoyed this enterprise for the past 11 years and is selling to pursue other interests and opportunities. The Owner is hopeful that a buyer will step forward that will leverage this business to its full potential and continue to serve the customer community with excellence. This specific franchise is located in beautiful Orange County, in a high density, high traffic, and well-maintained mall.

Revenues have been relatively consistent for the past six years; however, the current Owner has been involved only on a part time basis and believes revenue and profitability could both be improved by a full-time working Owner and the development and execution of a consistent marketing program at the store level to compliment the regional co-op efforts.

This business has been pre-qualified for an SBA loan which will be contingent on buyer credit and qualifying. Also, this sale is subject to Franchisor approval.

Detailed Information

Location:
Orange County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,580
Lease Expiration:
N/A
Employees:
4-5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This specific franchise is located in a high density, high traffic, and well-maintained mall in Orange County, with a reasonably large territory. Base monthly rent is currently $2670.20 plus apprx. $805.81 for CAM. The lease has a 5 year term that expires in May 2022 with a 5 year option.
Growth & Expansion:
There are several opportunities for growth including but not limited to: increase local marketing efforts and social media campaign, expand product offering, and engage in community sponsorships
Support & Training:
The seller is offering training which will complement the mandatory training required of all new franchise owners at the corporate headquarters. Edible Arrangements franchisees can expect solid support from the corporate office via marketing, technology and new product development. This is a creative, high energy organization that is continually looking for ways to improve and create and maintain a competitive edge in the Gifting Industry.
Reason for Selling:
Pursue other business opportunities.
Franchise:
This business is an established franchise
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Edward Anderson

Business Listed By:
Edward E Anderson

Sunbelt Business Brokers of Los Angeles/Whittier/Fullerton

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Sponsoring Broker:
John J Moser

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