Upscale Chocolate and Confectionary Shop
Location: Texas > Harris County > Houston
Industry: Retail Stores > Other Retail Stores
Financials
Asking Price: $725,000
Gross Revenue: $612,000
Gross Revenue Comments: 2007
Cash Flow: $233,000
Cash Flow Comments: 2007 - Owner averages 30hrs/wk
Inventory: $10,500 (Included in Asking Price)
FF&E: $36,000 (Included in Asking Price)
Seller Financing: Not available.
Business Summary
This attractive premium chocolate shop is situated in a prime, high volume foot traffic location together with other high end retail shops. It is well run by an experienced, successful franchise owner who has had the shop since inception. Since the current owner works an average of 30 hours per week this could be an excellent opportunity for a fulltime owner/operator, husband/wife operators, or owner absentee. The premium chocolate market in the US is continuing to expand, providing opportunity for continued growth.
About the Business
Year Established: 1996
Employees: 1 full time - 6 part time
Franchise: Yes
Facilities: Leased facility, approximately 2000 sq. ft. Neighboring tenants are primarily high-end retail clothing. Base rent is $3180/month.
Market Outlook and Competition: Sales of premium chocolates have grown 20% since 2001 and expected to continue. US chocolate sales are expected to increase from $16billion in 2006 to $18billion in 2011 with premium sales reaching 25% of the market. The upscale product typically continues to sell well even as the overall economy experiences weakness in consumer demand. There is one local confectionary competitor but products and quality do not compare.
About the Sale
Management Training and Support: The owner will provide a minimum of two weeks training at no charge. Addional support is negotiable. The new owner must also attend training at the franchise headquarters.
Reason For Selling: Other business interests and preparation for retirement.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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