High Volume Red Mango Yogurt/Acai Bowl/Smoothie/Juice Bar-Marketplace!

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Asking Price:
$379,000

Gross Revenue:
$632,366
Cash Flow:
$158,151
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Offering the best tasting, healthiest, award-winning frozen yogurt that's nonfat, 100% all-natural, gluten-free, Kosher certified and packed with super probiotics paired with an array of delicious toppings.

Serving a variety of proprietary flavors and yogurt mix, such as Original, Mango, Pomegranate by POM, Madagascar Vanilla, Ghirardelli Dark Chocolate, along with other delicious rotating flavors.

In addition to tart frozen yogurt, also offering sweet yogurt and vegan/non-dairy frozen desserts. Plus, a delicious line of smoothies, Acai bowls, parfaits, hot chocolate, cold brewed iced coffees & lattes along with dairy-free skinny sorbettos and fresh squeezed citrus & green juices (including their popular cleanse/detox program). Also, they are the fulfillment store for Fruit Bouquets by 1-800 Flowers.

Have the option to add their Café program that includes salads, wraps and other light & healthy foods. Potential for more growth with additional marketing and adding a delivery person to expand delivery platforms.

Stylish bright modern interior with a friendly, inviting vibe. Simple operation - turnkey!

Sales up year after year after year - 2018 sales up 15% YTD! This is the TOP Acai bowl producer and the TOP Red Mango location in the nation!!

Prime retail space in Edgewater Marketplace, a busy 80,000 sqft waterfront shopping center in the heart of Edgewater on the bank of the Hudson River with views of the Manhattan skyline. Conveniently located just minutes from the ferry, Lincoln Tunnel, George Washington Bridge and Hoboken. Also close to downtown Fort Lee.
Other popular tenants include Trader Joe's, Massage Envy, The UPS Store, Allstate, GNC, Chase, Harmon Drug, PetValu and much more. Abundant parking. Over 13,000 vehicles passing each day.

Perfectly situated in Edgewater's primary commercial corridor. The "Gold Coast" area of Bergen County. Also surrounded by a high-density residential area with a growing population. Four new major residential developments are currently underway nearby!

Also, check out these links to new major developments in Edgewater, NJ:

1. https://newyorkyimby.com/.../massive-proposal-revealed…

2. https://jerseydigs.com/hotel-development-450-458-river-road-edgewater-proposed/

3. http://615riverroadpartners.com (This one will be right next door to the shopping center!)

4. An Apartment complex (Avalon at Edgewater) that burned in 2015 and lost over 500 residents. Now they are finally at the very end of rebuilding the Avalon. And it will be bigger than the original complex!

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not discuss with employees or patrons.

If interested, contact EatZ for more information. Showings by appointment only.

Listed by Tami Hillier at EatZ & Associates

About the Business

Year Established:
2012
Number of Employees:
6-15
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,975
Lease Amount/Mo.:
$3.88
Lease Expiration:
3/31/2022
Facilities:
Leased space $7,656/mth includes rent, CAM, taxes and sign fee. Current lease expires 2022 with one 5-year option. Square Feet: 1 ,975. Seating: 25 Inside & 16 Outside. Days/Hrs of Operation: Su-Th 8a-10p & Fr-Sa 8a-11p. # Of Employees: 6-15 (depending on season).
Website:
www.redmangousa.com/
Market Outlook/
Competition:
An established leader among frozen yogurt and healthy eating franchises. "America's most loved fro-yo." Their award-winning, nonfat frozen yogurt has it all - calcium, protein and live active cultures that are good for your body. And unlike other desserts that often contain artificial ingredients or excessive calories from fat and sugar, Red Mango frozen yogurt is all-natural, nonfat or low-fat and certified gluten-free. Also has a more diversified menu than its competitors with a line of super smoothies and fresh squeezed juices.

Been named the best frozen yogurt in Los Angeles, Seattle, Las Vegas, Chicago, Utah and New York by highly regarded independent publications.
Growth & Expansion:
The most popular retailer in the nation of patented all-natural frozen yogurt that is both nutritious & delicious. Opened its first U.S. store in 2007 in Los Angeles and currently operates more than 190 stores nationwide as well as 124 worldwide. With more and more consumers realizing the importance of a healthy diet and lifestyle, there's never been a better time to own a Red Mango Yogurt Café Smoothie & Juice Bar franchise.
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About the Sale

Reason For Selling:
Retiring.
Training/Support:
10 days: 5 days @ corporate training location in NY and 5 days @ store.
Seller Financing:
No

Listing Info

ID:
1481699
Ad Detail Views:
1759

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Business Listed by

Tami Hillier

EatZ & Associates

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Sponsoring Broker:

Tom Traina
EatZ & Associates
License# 475175390

U.S. Census Data for Bergen County, NJ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Bergen County, NJ
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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