Edible Arrangements is a franchise company that sells and delivers fresh fruit, gourmet chocolate bouquets, fruit smoothies, desserts 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.
With an incredible brand awareness of 93%, there are approximately 1200 locations worldwide, of which 31 are in the State of Michigan and 21 are in S/E Michigan. There are four channels for generating revenue which includes retail, e-commerce, delivery and catering. The business model has low overhead and has the potential for high volume business year-round, especially during holidays and special gifting occasions. 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. 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 are two delivery vans. The website is managed by the franchisor who distributes the orders to the appropriate franchise territories.
This location is in an affluent Suburban Wayne County Michigan location.
- Hours of Operation: Monday - Saturday: 9 AM - 5 PM, Sunday: 8 AM - 1 PM
- Employees: 1 Full Time 11 Part Time
- Year Established: 2005
- Year Acquired: 2005
- Liscence Required: Sales Tax, Franchise, Health Dept.
- Seats: N/A
- Parking: Municipal
- Gross Sales: $737,367
- Source: Tax Returns
- Cash Flow: $134,444
- Source: Tax Returns
- Inventory Value: $5
- Business Price: $325,000
- Down Payment: $100,000
- Monthly Payment: $4,246
- Interest Rate: 5%
- Amortization Period: 60
- Monthly Rent: $2,750 NNN
- Lease Terms: 5 years, Option to Renew (Lease expires August 31, 2025)
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This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.