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Gigi Cupcakes - Price Reduction!

San Antonio, TX (Bexar County)

Gigi Cupcakes - Price Reduction!
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Asking Price: Get Financing: $50,000

Cash Flow: $44,451

Gross Revenue: $440,376

EBITDA: N/A

FF&E: $20,000

Inventory: $5,000

Lease Rate: $23.50 /SF/Year

Established: 2010

Gigi Cupcakes - Price Reduction!

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Business Description

Established Gigi Cupcakes store available for sale. This location has a tenured staff and has been in operation since 2010. Only footprint in San Antonio and you would earn the first right of refusal with any expansion opportunities. Turn key situation for someone to become an owner/operator. Business currently employs a FT Manager, FT Decorator and 5 PT associates. All equipment in great condition so no need for impending capital expenditures. Asking price INCLUDES franchise transfer fee!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,312
Lease Expiration:
12/31/2020
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owner just negotiated a sublease to reduce footprint and reduce rent. Agreement in place through 2020 and then owner would have opportunity to renegotiate. Fantastic location with updated build out in place.
Competition:
Franchise that is celebrating their 10 year anniversary in 2018. 96 stores currently exist with 10 more slated to open soon. This is an opportunity to own your own established business at a fraction of the cost of opening a new location.
Growth & Expansion:
Sublease will end in Dec 2020 and reclaim additional sq. ft. if needed.
Support & Training:
Owner and franchise will provide sufficient training and transition. These efforts will be supported by a staff that includes a baker and manager that are very familiar with Gigi's operations.
Reason for Selling:
Pursuing other opportunities
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Contact the Seller

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David Komar

Business Listed By:
David Komar

Alliant Capital Advisors LLC

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Sponsoring Broker:
Bill Marrero


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