Excellent Candy Store by Sugar Bear at Garden State Plaza

Asking Price$245,000

Cash Flow
$77,350

EBITDA$81,050

Gross Revenue$475,470

Inventory$17,000
Not included in asking price
FF&E$30,000
Included in asking price
Real EstateNot Disclosed

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Excellent Candy Store by Sugar Bear at Garden State Plaza


Asking Price$245,000

Cash Flow
$77,350

EBITDA$81,050

Gross Revenue$475,470

Inventory$17,000
Not included in asking price
FF&E$30,000
Included in asking price
Real EstateNot Disclosed

Business Description
Yearly Sales almost 500k and room to grow
Busy Candy Shop Store For Sale Price Calculated on 3 year ROI, likely much faster with minor improvement store has potential to increase sales

This is a Proven Business that works we started Sugar Bear in 2017 and successfully built a very good company, friendly costumer service, clean store, product filled and fun environment.
This business is simple to operate unlike most...Pay your staff, mall, vendors, utilities, insurance and supplies.. very simple model.. Manager does the schedules/ordering/staffing/training, leader with a team with you as the coach.

Other near by locations available:
Quaker Bridge Lawrence Twp 173,000k Freehold Raceway Mall 55,000k Deptford Mall 485,000k

All Records available
-Cost of Goods Sold including supplies is 26%
-Solid Product Margins from 100 to 500 %
-Rent mid 20s for the year, percentage lowers as sales increase
-Utilitys, Credit Card Fees, Point of Sale, and insurance is less then 5% of total sales
-Labor cost fluctuates between 19-21%
Net 16.2% ROI
110 labor hours per week avg. If business will be family owned and managed, opportunities to use less hours and make higher profit.

This Store is Well Established since 20 a professional business, this listing is for serious people that are interested in becoming a business owner or for someone that has management experience and financially qualified looking to finally spread their wings and achieve their goals.

-Business is open and running successfully during all Newport Center Mall hours , fully staffed and well managed, owner is not on site but available to meet with qualified individuals. Pavel will facilitate the sale as he has 20+ years of experience in candy and food related business, he will do intro once all steps are complete.

***YOU MAY VISIT LOCATION BUT PLEASE DO NOT DISTURB THE STAFF AS THEY WILL BE INTRODUCED TO: (THE MOST QUALIFIED PERSON TO SUCCESSFULLY OWN THIS BUSINESS WHEN TRANSFER OF OWNERSHIP IS STARTED) not all will qualify, we will select business owner not just by their financial eligibility but also based on ability to lead a team, keep great relationship with mall management and following mall requirements…punctuality, ability to positively coach the team when needed and oversee payroll/timely payments to vendors. Prior experience is good but not required!
About the Business
Years in Operation
5
Facilities & Assets
Everything that you see in the store
Website
https://sugarbearcandystore.com/pages/locations
Opportunities for Growth
Adding Popcorn Machine, Cinnamon Roasted Nuts or Ice cream, also sales with Uber Eats, DoorDash and other
About the Sale
Seller Motivation
I'm moving in the next 12-14 overseas to be with family, part of family already
Transition Support
(training included, will support through entire transition of becoming an owner, we will teach you and provide a system how to run your business, remote support after training is available, always a call away)
Listing Info
ID
2445174
Listing Views
14

Contact Seller

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Business Listed by: Pavel Yanbekov Ayarpi Real Estate

Listing ID: 2445174 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. See our full Terms of Use. Learn how to avoid scams.


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