Multi-Unit Franchised Donuts Business

Salt Lake City, UT (Salt Lake County)

Seller Financing Available
Multi-Unit Franchised Donuts Business
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Asking Price: $692,000

Cash Flow: $180,000

Gross Revenue: $1,100,000

EBITDA: N/A

FF&E: $500,000

Inventory: $3,000

Established: N/A

Multi-Unit Franchised Donuts Business

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Business Description

Absentee Owned, Area Development Rights for Utah Included.

This is a unique opportunity to own one of the fastest growing and well regarded donuts franchises in the Country. There are multiple stores in operation and under development in Utah. The owner has a full-time career in another field so has managed these stores completely absentee. The stores have not been open long and have seen astounding sales growth in the time. A lot of investment has been developing the stores and introducing the brand to Utahns across the State. The online reviews are fantastic, the stores are cash flowing and there is a tremendous amount of growth potential for the brand.

Detailed Information

Location:
Salt Lake City, UT
Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
While relatively new to the Utah market, this franchise has been around for many years and has a proven business model. The stores in Utah have all new build-out, furnishings, and thousands of dollars in brand new equipment. The current owner has a full-time job in a non-food related industry. While he has spent some time opening the new stores in the beginning, this is essentially an absentee run business. All of the equipment is nearly new and in excellent working. The build-out and lease hold improvements are as well. The stores are located in high-traffic areas with excellent demographics. The leases have been very well negotiated and have options for long term extensions.
Competition:
There is competition but donuts represent a $15 Billion industry that is growing faster than the general economy for many recent years. Further, the amount of sales growth experienced since the stores have opened, along with the fantastic online reviews, speaks to how well the brand has been received.
Growth & Expansion:
Perhaps the most exciting part of the opportunity is the area development rights for the State of Utah. This allows the new owner to franchise out additional stores (in already identified areas) with the potential to makes a tremendous amount of additional passive income through royalties for each store franchised. Area Development agreements are hard to get in the food industry.
Support & Training:
On-site training by current owner and on-going training by Franchisor. No prior food or restaurant experience required.
Reason for Selling:
Family issues
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Saul Komisar

Business Listed By:
Saul Komisar

Transworld Business Advisors of Utah

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