**UNDER CONTRACT** Franchised Candy Store in Downtown Asheville

Asheville, NC (Buncombe County)

Seller Financing Available
**UNDER CONTRACT** Franchised Candy Store in Downtown Asheville
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Asking Price: $65,000

Cash Flow: N/A

Gross Revenue: $190,000

EBITDA: N/A

FF&E: $25,000

Inventory: $40,000

Rent: $4,650 /Month

Established: 2016

**UNDER CONTRACT** Franchised Candy Store in Downtown Asheville

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Business Description

This soda pop and candy shop is a franchise business that carries over 300 varieties of bottled soda, nearly 100 different flavors of taffy, and 1000's of candies from decades past and from around the world. The brand has been featured on multiple national TV shows, including "Undercover Boss", "Tanked", and "Food Factory USA". This location is adjacent to the Grove Arcade in downtown Asheville and benefits from multiple new hotels nearby. Sales have grown nearly 20% under current ownership, with potential for significant additional growth under focused local ownership.

The current space is leased through April 2021, with an additional 5 year option available. This offering includes the exclusive territory rights for the Asheville market, giving flexibility to the new owner for the growth of this business.

The cost to open a new franchise location runs between $150K-$300K, making this a tremendous opportunity for an owner/operator to get into one of the most fun franchises in America at a fraction of the standard startup costs.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,791
Lease Expiration:
4/30/2021
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The leased space is 1,791 square feet, with storage room and office space in the back. The purchase includes all furniture, fixtures, and appliances needed to run the business, including a 6-door beverage cooler and a modern POS system.
Competition:
There are several specialty chocolate shops in Downtown Asheville, but no other store has the variety of candy, soda, and taffy that this business carries.
Support & Training:
The new store owner will initially receive one week of training from the existing owner onsite, as well as onsite training and ongoing support from the franchisor as needed. The current owner owns several additional locations out of the area and can be available for future support.
Reason for Selling:
Owner is not local and cannot focus on the operations of this location
Franchise:
This business is an established franchise
Business Website:
http://rocketfizz.com
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Business Listed By:
Stephan Nelson

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