TWO NATIONALLY BRANDED CAFES/BAKESHOPS

MI

Seller Financing Available
TWO NATIONALLY BRANDED CAFES/BAKESHOPS
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Asking Price: $470,000

Cash Flow: $150,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Rent: $3,200 /Month

Established: 1997

TWO NATIONALLY BRANDED CAFES/BAKESHOPS

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Business Description

It’s been a great 15 year ride for this ownership couple, enjoying the fruits of their labor while watching their businesses grow. Two shops, each having averaged over $700K gross sales with a mix of retail and thriving wholesale revenues. These nationally branded franchise locations are profitable. They are similar operations with the difference being one store offers delicious frozen yogurt besides baked goods, ‘made from scratch’ and a wide array of other freshly produced products daily. Their coffee products are highly rated – voted better than any competitive, similar operation.

The staff is very professional, courteous and service-minded … most are willing to remain on board after closing the transaction. With a consistent, positive combined cash flow / SDE (seller’s discretionary earnings) of $150,000, accented by attractive FF&E and extensive assets with a fair market value of $200,000 in place, the owners are asking for $470,000 for both Southwest Michigan locations. For further information please call Ken George at 616.648.1132 or email kg@vanguardmidwest.com

Detailed Information

Real Estate:
Leased
Building SF:
2,300
Lease Expiration:
N/A
Employees:
12 each store
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Each store is attractively appointed, comfortable seating, up-to-date equipment and display cases.
Competition:
Competition buys from vendors, here - everything is freshly produced daily
Growth & Expansion:
Growth is certainly an option, and encouraged by franchisor.
Support & Training:
Franchisor requires 2 weeks training. One in HQ other in the field
Reason for Selling:
New business opportunity
Franchise:
This business is an established franchise
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Ken George

Business Listed By:
Ken George

Vanguard Business Brokers

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