Edible Arrangements Franchise Absentee

San Jose, CA (Santa Clara County)

Seller Financing Available
Edible Arrangements Franchise Absentee
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Asking Price: $224,000

Cash Flow: $102,297

Gross Revenue: $378,539

EBITDA: N/A

FF&E: $35,000

Inventory: $2,000

Rent: $3,855 /Month

Established: 2012

Edible Arrangements Franchise Absentee

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Business Description

Edible Arrangements Bay Area Absentee BTI # 8662
Seller will carry a note for a qualified buyer w/30% down payment and a noninterest bearing note for 48 months @ 3,267 per month.
This is a successful Edible Arrangements franchise with an absentee owner being sold as the owner lives in LA and has several other Edible Arrangements located in the LA area. He can't devote the necessary time between his NCA and his SCA operations. He would prefer to sell this location in conjunction with his other Bay Area store also listed by Business Team BTI 8663. There is a $10,000 onetime training fee for one week in Atlanta Georgia and one week locally and a leased Ford Delivery Van that can be assumed @ $711.38 per month, the business software has a licensing fee @ $110.00 per month.

Sales $378,539 Purchase Price $224,000 Down Payment $67,200 w/48 Mo Payments @ $3,267 $102,297 Net Cash Flow Annualized For 9 months ending 9/30/2019 from P&L Includes 2,000 Inventory
Rent $3,855 NNN $883 Bldg. Size (Sq. Ft.) 1,500 Lease Expires 4/3/2020
One Option 5 Years Employees FT: 2, PT: 4 Owner FT: 0, PT: 0
Reason for Sale SCA resident too far to manage
Hours: Mon - Friday 8-7:00 Sat 8:00-5:00 Sun 10 - 3:00

Detailed Information

Location:
San Jose, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
4/3/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Rent $3,855 NNN $883 Bldg. Size (Sq. Ft.) 1,500 Lease Expires 4/3/2020 One Option 5 Years
Financing:
30% down 48 months @$3.267
Support & Training:
2 weeks for 40 hours per week
Reason for Selling:
Lives in LA too far to manage
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group/Business Team

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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