BizEx331-MS: Franchise Choco/Candy Store-Bank Loan Pre-Apprvd

Background:

General Location:Los Angeles, CA
Category:Restaurants > Restaurant
Franchise
Years in Business:6
Under Present Owner:4
Hours of Operation:M-Sun
Owner Hours:Tues-Fri 5-7 pm; Sat 9-5
Training:2 weeks, 20 hours/week
Organization Type:S Corp
Lease Expiration:2015
Lease Options:
Building Size:619 sqft
Employees:5 PT

Reason for Sale:
Owner has to travel a lot

Financials

Asking Price:$127,000
Down Payment:Negotiable
Gross Sales:$252,000
Discretionary Cash Flow:$50,000
FF&E:call
Inventory Included?No
Inventory:call
Minimum Operating Capital:$
Real Estate Available?No
Real Estate Asking Price:n/a
Rent:$ 6,833/month
Payroll:$ 3,500/month
Financing:Call

20102011
Gross Sales246,000252,000
Gross Profit197,200198,000
Disc. Earnings45,50050,000

* YTD as of , ** = Prorated.

Broker Info


Mina Singson
Business Broker
(310) 882-2200 ext 125
LIC# 01866495

Summary

Almost owner absentee-run business in a busy area of the mall, near entrance from public parking area and children's play area.

Own this popular chocolate candy store franchise that is easy to run. Sales are going up every year despite the slow economy. Owner is able to grow business and increase profit every year. From 2009, sales grew by at least 20% in 2010!!! And sales continue to rise in 2011 and 2012.

Store is in a busy major shopping mall with plenty of free parking. Always fully stocked with yummy sweet treats. Customers love to come here because of the huge variety of confectioneries, chocolate dipped fruits, boxed candy gifts and gift baskets.

Employees are well-trained and run the store with minimal supervision from the owner.

This business may be approved for an SBA/bank loan, with downpayment and qualified buyer.

Don't miss this opportunity. Contact Mina Singson now at 310-734-6769 or email: msingson@bizex.net for more information.




More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.