Listing Number: 189597-949553
Description
This franchise specializes in fresh fruit arrangements, fruit baskets, and other edible gifts, with a focus on fruit based designs inspired by flower arrangements. This store is located in a thriving shopping center on Richmond Avenue on Staten Island. This store has operated profitably for 20 years and was one of the original stores in NY. Due to religious reasons, the owner closes every Saturday which is the busiest day of the week, thus missing out on 150k of revenue and 70k of profit. There is tremendous upside by opening on Saturdays. In the other franchise stores, the day before Mother's day is a $20,000 day which he is missing out on because he closes on Saturday. 75% of sales come from online orders through the corporate website that get routed to the store. The owner does not use Social Media which is also an upside if the new owner does some marketing. There are 800 Edible Arrangements around the country and this store was #146 (with being closed every Saturday!) Owner has 2 employees and one driver. With just opening on Saturdays alone, the new owner can raise the revenue of the store by over 650k and the profit to over 150k/year, make back his/her money in less than 18 months and significantly increase the value of the store.
Listing Details
- Price: $225,000
- Down Payment: $225,000
- Sellers Discretionary Earnings: $90,000
- Total Sales: $513,000
- Location: Richmond County, New York
- Inventory: $5,000
- FF&E: $100,000
- Employees: 2
- Year Established: 2005
- Reason for Selling: Retirement
- Category: New Franchises
