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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Gift Basket & Cookie Company
(Retail )
Bergen County , nj
Listed Price: $ 230,000
Listing ID: RETL348

Listing DetailsGross Revenue: $ 619,262
Cash Flow: $ 84,000
FFE: $ 145,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The sale is due to the owner involvement in an alternative business.


Training & Support:

If desired, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 1993
Days & Hours of Operation: Mon.-Sat. 9am-6pm
Non-owner Payroll: $ 7,700
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8000
Monthly Rent: $ 5,200
Square Footage: 2000
Facilities:

This long-standing professional opportunity is in Northern New Jersey, Bergen County, and services dozens of highly populated affluent cities with continued demand for this product. This successful retail facility which consist of approximately 2,000 square feet have an attractive and modern appearance which attract a solid customer base. The business is at a free-standing building with excellent position and substantial drive by traffic. This city consists of hundreds of businesses and corporations which use this product.


SummaryBusiness Description:

Profitable and highly successful retail franchise company with a gross yearly income of $619,262 and a net income of $84,000 which offers gourmet gift baskets, cookie bouquets and corporate gifts and creative cookie arrangements nationwide. The present owner is semi absentee, working approximately twenty hours per week and involved in an alternative business opportunity not in this industry. For over thirty years this national company has been supplying to its customers creatively designed gourmet gift baskets, cookie cakes, cookie bouquets and cookie trays, filled with delicious hand decorated cookies. The high-volume franchise company offers custom hand decorated cookie bouquets, gourmet cookies, cupcakes and confectionery treats. With a wonderful reputation, this company has been delighting people across the US with a unique and delicious gifting alternative to flowers. Their ability to create custom cookie bouquet designs with a personalized message as well as provide local hand delivery set them apart. Their customers are thrilled with the ease of service and creativity that delivers their gift with a distinctive touch. The company has a national web site which directs their customers to their location for them to see products are available for any occasion. If their customers need a last-minute gift, they offer same day gift delivery options. From wedding gift baskets and cookie favors to birthday gift baskets, thank you gift baskets, corporate gift programs, Valentine’s, Mother’s Day, to get well gifts, they have the perfect gift ideas all in one place. This company routinely has eight full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $7,700. The business has an assignable commercial lease which expires 2023-01-01, plus additional options, with a monthly rent of $5,200, cost per square foot is estimated at 28.36 and rent security of approximately $8,000. The company’s fixed assets has an estimated value of approximately $145,000 which is based on equipment and licensing replacement cost. This successful retail business operation is active six days per week, closed Sunday, with hours from 9:00 am to 6:00 pm. The business has been valued at $230,000 based on a multiple of the net yearly income and includes the value of the specific business assets. As a franchise, purchaser is responsible for a transfer fee for the required training. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a unique dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Regarding competition, there are limited competitors in this particular industry. Also, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a basic marketing plan, poor local advertising, limited web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Is available to a qualified buyer.