HoneyBaked Ham Marketplace & Cafe - Super Motivated to Sell

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Major Price Drop - Owner Highly Motivated to Move On
Asking Price:
$108,500

Gross Revenue:
$454,922
Cash Flow:
$74,596
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$4,000
included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Owner is "extremely" motivated to move on leaving this as the best listing ever. Unique opportunity to be part of a large well-known successful national franchise system in a major growth area of Virginia. HoneyBaked Ham is a retail marketplace/café selling ready-to-serve hams, turkeys, specialty meats, side dishes & desserts. Also operates as a café with ample seating for customers and offers gifting and catering opportunities.

Easy to run with family friendly hours of operation. Established manager and staff who can run daily operations. Recently renovated. All franchisees have corporate assistance and a business consultant to help with the success of the business, including assistance with advertising and promotional materials.

Only HoneyBaked Ham in this area. People travel from miles away during the holiday season to pick up their Holiday meal, which is a family tradition. Also offers shipping throughout the U.S., Rockingham County is a major growth area in a college town and vacation setting located in the scenic Shenandoah Valley. Numerous Northern Virginia and D.C. individuals are relocating to Rockingham County.

Owner ready to retire and business would benefit from a younger, ambitious owner to grow the business.

About the Business

Year Established:
2001
Number of Employees:
1 FT/5 PT
Franchise:
Yes
Facilities:
The location is a Commercial Strip Center in popular college town located in the Shenandoah Valley. Two Doors in front of space and one in the rear. The Real Estate is owned by a non-related, third party. New Ownership would need to negotiate new lease terms. Current lease is for 2,624 sq. ft. Current lease runs thru October 31, 2020 with 3-year right to renew. Lease includes provision that if current tenant decides to close or sell its business, then tenant has the right to terminate the lease by providing sixty days written notice. Any assignment requires Landlord consent and lease will stand solely on the Buyers creditworthiness, relieving present owner from any liability.
Market Outlook/
Competition:
While this engagement would officially be considered a restaurant, the retail-like characteristics make it a little different than the traditional restaurant day-to-day grind. As such, there is really nothing comparable to it in the town in which it operates. It also provides delivery service.
Growth & Expansion:
As mentioned above, the hours are somewhat limited based on the lifestyle the owners have chosen personally. New ownership will see many more creative ways to expand sales.
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About the Sale

Reason For Selling:
Age and retirement.
Training/Support:
Will train for 4 weeks @ $0 cost.
Only a general business license is required.
Seller Financing:
Lender pre-screened with $27,125 down.

Listing Info

ID:
1599381
Ad Detail Views:
0

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Business Listed by

Dick Halterman CPA

Murphy Business & Financial Corporation

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U.S. Census Data for Harrisonburg city County, VA
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Source: Decennial Census (2010), United States Census Bureau.

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

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