Pretzelmaker Franchise For Sale

Somerville, MA (Middlesex County)

Pretzelmaker Franchise For Sale
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Asking Price: $150,000

Cash Flow: $57,000

Gross Revenue: $265,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,900 /Month

Established: 2016

Pretzelmaker Franchise For Sale

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Business Description

Located in a busy shopping center.

A great opportunity to be a franchise business owner. Located in an outlet mall with high traffic and lots of residential apartments. Floor level is all retail with apartments, condo and hotel from 2nd floor and above. Partner's Healthcare is also inside the mall with 5,000 employees to gain extra business and revenue with the right marketing. Ideal business for family owner-operator who is looking for a profitable business with low expenses (Rent is the only high expense, lease expires 2025). Profits can be maximized by lowering the amount of employees and operating yourself.

The 590 sq. ft. location does $265,000+ in revenue including online and catering orders (catering is improving every year) with an annual profit of $30,000 (Owner operates on his own with 1 full time and 2 part time employees. Family members operating the business can gain additional cash flow of $20,000+ (on top of the annual profit of $30,000) by saving on employee payroll. This business is more profitable if family members run it by themselves.

Business can be improved by offering additional options such as coffee (currently do not serve) and other sweet snacks aside from the popular cinnamon sugar pretzels. A lot of events during summer to gain additional sales. Encore casino is located across the river and city is planning on constructing a bridge between the mall and the casino which will bring extra revenue to the mall.

*Provide your Best Offer!

Detailed Information

Location:
Somerville, MA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
35,000
Lease Expiration:
9/1/2025
Employees:
3
Facilities:
Lease of 10 years started from 2015
Competition:
Movie theater located in adjacent block which provides extra sales.
Support & Training:
Training provided by owner and franchise to make sure new owners are up to speed and ready to operate on their own.
Reason for Selling:
Moving on to a different project and starting a new business
Franchise:
This business is an established franchise
Business Website:
http://www.pretzelmaker.com
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Business Listed By:
Zee Rehman

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