Profitable Mochi Business Great Investment for Franchise or Wholesale!

New York, NY (New York County)

Profitable Mochi Business Great Investment for Franchise or Wholesale!
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Asking Price: $180,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $23,000

Inventory: $3,000

Rent: $4,017 /Month

Established: 2018

Profitable Mochi Business Great Investment for Franchise or Wholesale!

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Business Description

Unlimited possibilities of growth and income stream

Located in the heart of Manhattan towards Lower East Side with high foot traffic, this spot specializes in the use of rice flour which is gluten-free and vegan. While bringing together different Asian cultures, the trend for this simple sweet has been rising. Not only has this place been profitable since day 1, there is much that can be done with the recipe itself in the making. This sweet has been enjoyed by all ages and cultures. The amount of attention received has been overwhelming and was previously selected to participate on TV.

With only a year in business, we have been featured without much marketing invested done. Some include the Japanese newspaper, Fung Bros, AOL, Thrillest, Eater, Tabi Labo, Haichibu, Food Map NYC, New York Magazine, celebrities, and etc. Companies that have reached out to partner with us include Leisurely, Groupon, UberEats, Postmate, Door Dash, Caviar, Grubhub, RicePo, Cater2Me, and Bite Mojo. These small bite-size sweets that are gluten-free and vegan can have a lot that can be done especially outside the physically store itself. Not only with private events from birthdays to bachelorette parties, we provide classes for people looking to have a fun experience learning about the sweet and cater to big businesses looking for something not overly sweet that's bite-size.

Detailed Information

Location:
New York, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
500
Lease Expiration:
1/1/2023
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All equipment, inventory, kitchen supplies, and 3 month security deposit will be included. Insurance and permit has been recently newly renewed. Lease is still up for 3 and a half more years with 2 more years of option to renew.
Competition:
Competition includes dessert places surrounded near the prime area in East Village, and supermarkets that sell pre-packaged mochi. Biggest advantage is our name and being the only all mochi store in New York City.
Growth & Expansion:
Our business has a huge potential as it can grow into being manufactured or even franchised depending on vision of new buyer. There have been serious inquiries from people looking to franchise with us outside of New York, and much interest in the area of making mochi. Not only do we focus on selling this light sweet dessert, we provide an experience by having classes to teach people how it's made as well which can definitely grow bigger.
Support & Training:
Owner will train all new employees and new buyer to transition smoothly over.
Reason for Selling:
Owner will be moving out of state to help family open a restaurant business.
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Business Listed By:
Mimi Lau

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