Long Established Gourmet Popcorn Shop in Prime Location

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Asking Price:
$199,000

Gross Revenue:
$367,732
Cash Flow:
$79,536
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$65,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Premium gourmet popcorn shop placed in a high-income community hub is available for acquisition. This business was originally established over three decades ago in 1982 and was later acquired by the current owner of the business in 2012. In 2017, the current owner of the business relocated the shop to another suite within the same retail strip center and completely renovated the interior with some new equipment as well as design. Most of the customers are middle to upper-class families and individuals that has consistently bought popcorn from this business over the last several decades as loyal customers. While many of the families live in the surrounding densely populated residential neighborhoods, some of the sales consists of corporate accounts that order each year and is increasing every year. Gross sales is $360,000/year that has dropped compared to 2017 due to relocation, but many of the loyal customers are back at the location as well as improved parking spaces for all customers. Corporate accounts contribute to 5% of the total sales and have been increasing each year as word of mouth spreads within the corporate world. Margins for the business is superior to many businesses within the food industry and easily makes large returns in cash as the sales increase. Competition in the area is non-existent as there's no other gourmet popcorn shop or business that specializes in any type of popcorn sale. Various avenues of marketing has yet to be utilized that can increase the potential cash flow and acquisition of new customers as well as corporate accounts. There are many ways to proactively market this business such as promotional flavors, direct mailing, flyers to offices, 3rd party delivery services, social media outlets and increasing corporate accounts. Social media outlets as well as local delivery services will provide immense attraction to the business that will increase acquisition of new customers outside the loyal customer base. This gourmet popcorn shop has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

Listing ID #000778
For more info, please call Stephen Lee at 1-866-519-2421.

About the Business

Location:
Dallas, Texas
Year Established:
1982
Number of Employees:
2FT/2PT
Facilities:
This business is located in a 2,160 SF space of a retail strip center that has gone through construction of the parking lot. Ample parking is available for the business while many of the equipment within the business were upgraded.
Market Outlook/
Competition:
There are no competitors within the immediate market area that has the same concept as this business.
Growth & Expansion:
Some marketing is in place through social media outlets and through print AD, but other marketing methods needs to be utilized to generate more cash flow.
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About the Sale

Reason For Selling:
Family Reasons / Other Opportunities
Training/Support:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Seller Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu

Listing Info

ID:
1604355
Ad Detail Views:
0

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Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

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