MergerPlace

Southeast MN Candy Store

Minnesota


  • Asking Price: $95,000
  • Gross Income: $282,942
  • Cash Flow: $41,637
  • Real Estate: Not Disclosed
  • Inventory: $17,500
  • FF&E: $40,000
  • Listing ID: #211757
  • Established: 2014
  • Employees: 1 FT / 3 PT

Business Description

Remotely owned candy store in high traffic area. This business sells wrapped chocolates, bulk chocolates, hand made chocolates, bulk candies, jelly beans/taffy/gummy bears and wrapped candies. This turn-key operation is not run by the owner on a day-to-day basis and is perfect for a person that wants to own a business that requires minimal owner involvement. If the next owner wants to run the business directly, significant cost savings and revenue increases could be realized. With proper oversight this business could increase sales by 10-30%. Well situated in a great location with a polished brand, this business is set up to make money for years to come.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Minnesota

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 3 PT

Financial Information

Asking Price: $95,000
Gross Revenue: $282,942
Cash Flow: $41,637
FF&E: $40,000
Inventory: $17,500
Seller Financing Available: Yes

Property Information

Facilities:

Leased space in high foot traffic area. The build out is about 5 years old, is well maintained, looks great and is perfectly matched to the business. No changes will be needed for the next owner for the foreseeable future. The size of the leased space is approximately 850 sq ft.

Growth & expansion opportunities:

There are many avenues that could be used to grow sales within the business. One would be better inventory management, including keeping high sales products on the shelves and discounting slow moving products. Another would be pursuing corporate gifting opportunities which are currently not being solicited. Finally, social media is not being utilized at all for this business, so expanding to those marketing avenues could increase brand loyalty and bring in new customers.

Competition:

There are very few specialty candy stores in the area around this business, allowing this business to be the only local destination for candy. The candy market continues to grow as the population grows and people of all ages and demographics are patrons of the store. Candy is a great product to sell because it can be sold to almost anyone. This business is situated in a location where significant impulse purchasing is possible and in an easily accessed location for planned candy purchases. Moreover, candy and chocolate sales are shielded from online competition because of their appeal as an in store purchase and because of the logistical issues related to shipping.

Reason for selling:

Owner retirement and health concerns.

Support & Training:

Will train for 2 weeks @ $0 cost. This business deals in the food industry so food safety and health requirements need to be followed. The cost for the required certifications is minimal. Inventory management and selection will be critical for the next owner, along with customer service skills and the ability to oversee high level operations of the company. If the new owner wishes to run the operation, significant cost savings could be realized.

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Business Listed By:

Jacob Petersen

Murphy Business Brokers