Edible Arrangements Franchise Absentee

San Jose, CA (Santa Clara County)

Seller Financing Available
Edible Arrangements Franchise Absentee
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Asking Price: $134,000

Cash Flow: $81,875

Gross Revenue: $278,177

EBITDA: N/A

FF&E: $35,000

Inventory: $2,000

Rent: $2,876 /Month

Established: 2016

Edible Arrangements Franchise Absentee

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Business Description

Edible Arrangements Bay Area Absentee BTI # 8663
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 8662. 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. The seller has agreed to carry a noninterest bearing note for a qualified buyer for 48 months with a 30% down payment and monthly payments of $1,954.17.

Purchase Price $134,000 Down Payment $40,200 48 mothly payments @ 1,954.17 Sales $278,177 Cash Flow $81,875 Annualized For 9 months ending Sept 2019 from P&L Includes 2,000 Inventory Rent $2,476 NNN $400
Owners FT: 0 PT: 0 Employees: FT: 1, PT: 2
Bldg. Size (Sq. Ft.) 1,200 per Landlord Lease Expires 12/31/2026 Option Yrs. 0
Reason for Sale: LA resident too far to manage
Hours: Mon-Friday 8:00/6:00 Sat 8:00/5:00 Sun 10:00/3:00

Detailed Information

Location:
San Jose, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
12/31/2026
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Bldg. Size (Sq. Ft.) 1,200 per Landlord Rent $2,476 NNN $400 Lease Expires 12/31/2026 Option Yrs. 0
Financing:
30% down 48 mos @ $1,954.17
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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