Franchise Fruit Bouquet

File# C2473
Location: South East Michigan
Business Price: $225,000
Down Payment: Cash subject to financing
Monthly Payment:NA
Interest Rate: NA
Amortization Period:NA
Gross Sales: $448,340
Source: 2017 P&L
Cash Flow: $76,101 (if owner operated)
Source: 2017 P&L
Inventory: $15,000 +/-
Days Open: 7 days
Business Hours: Mon-Fri 8am-7pm, Sat 8am-5pm, Sun 10am-3pm
Seats:
Parking: ample
Licences Required:Franchise/Health/Sales Tax
Year Established:2006
Year Acquired: 2006
Monthly Rent:$2,014 Gross

Profile:

Edible Arrangements is a franchise company that sells and delivers fresh fruit and gourmet chocolate bouquets, yogurt smoothies and much more.   These are a wonderful, healthy and welcome alternative to floral arrangements.  There are appropriate and tasteful arrangements for all occasions including weddings, bridal and baby showers, birthdays, holidays, sympathy and much more.

There are approximately 1200 locations worldwide, of which 31are in the State of Michigan and 21 are in S/E Michigan. Each franchisee has an assigned, defined territory.  The potential buyer must be approved by the franchisor and seller.  There is a two week training period that occurs in Connecticut.  The transfer fee is approximately $20,000 and is to be paid for by the buyer. The store was recently remodeled and is up to current franchisor requirements. In addition, Sellers recently had installed a brand new roof top HVAC unit. As a result, additional upgrades will probably not be required.  Ongoing royalties are 5% of gross sales, National Advertising is 3.5% and the EA Connect Fee (for corporate website orders) is 6-6.5% depending on volume.  Included with the sale is a 2013 Transit Connect delivery van included in the sale.. The website is managed by the franchisor who distributes the orders to the appropriate franchise territories.

This location is in an affluent Macomb County Michigan location. Sales have remained consistent for the past 3 years. Seller’s Discretionary Earnings (SDE) for 2017 was $76,101 to an owner-operator.  The sellers owner multiple locations and the day-to-day operations are run by a manager plus 5-6 employees.

Buyer must maintain confidentiality. All information provided in office to qualified buyers only.

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.