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Highly Profitable Gourmet Popcorn Business

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Philadelphia, Pennsylvania (Philadelphia Co.)   |  Food and Beverage Businesses for Sale – Restaurants for Sale   |  Businesses for Sale Between $250k and $500k

Asking Price:
$399,000

Gross Revenue:
$500,000
Cash Flow:
$183,000
EBITDA:
$183,000
Inventory:
$7,000
included in asking price

FF&E:
$320,000
included in asking price

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Business Description

Retiring owners in the Philadelphia area have built a profitable gourmet popcorn business whose parent company is Dippin' Dots Ice Cream that maintains 100 plus licensees internationally. The purchase price of this highly-successful franchise is $399999 which includes $320,000 in assets; this is 2.5x the Current Owner's Benefit of approximately $182,000. With two fully-operating kiosks in Willow Grove Mall ( PA ) and Cherry Hill Mall ( NJ), gross sales are $500,000. These kiosks may be run as an absentee owner or owner/ operator. Presently, the owners maintain 10+ licenses in the U.S. Both malls provide a desirable venue having strong anchor stores such as Nordstrom's' Macy's and Bloomingdales. Early success in these malls have generated interest and expansion possibilities in other local malls.
While providing all the benefits of a traditional, healthy snack food, this delicious gourmet popcorn is available in a vast array of appealing flavors. The popcorn is available in an assortment of bag sizes of holiday/specialty tins.Needless to say, the repeat business is extremely strong. Present owners will provide training and support, and will consider financing with $250000cash down. In addition, the sale includes the remaining license agreement, two fully-operating kiosks , two kiosks in storage, leased warehouse and two current LLCs.This is a solid, well-run business with OUTSTANDING growth potential !

About the Business

Year Established:
2011
Number of Employees:
8 to 10
Relocatable:
Yes
Franchise:
Yes
Real Estate:
Leased
Lease Expiration:
3/17/2020
Facilities:
2 Kioskis in Cherry Hill Mall and Willow Grove Mall
Website:
matchbizinc.com
Market Outlook/
Competition:
no competition
Growth & Expansion:
Expansion to other locations, catering, fund raising events, wholesale sales
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About the Sale

Reason For Selling:
owner retiring
Training/Support:
1 month at no additional charge
Seller Financing:
With only 250K down seller will carry note

Listing Info

ID:
1351471
Ad Detail Views:
177

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Business Listed by

James Baker

Matchmaker Business, Inc.

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