MergerPlace

Innovative Soda & Cookie Business

Utah (Salt Lake)


  • Asking Price: $111,000
  • Gross Income: $146,527
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $7,920
  • FF&E: $74,895
  • Listing ID: #225080
  • Established: 2019
  • Employees: 6 PT

Business Description

An innovative soda and cookie shop. The business has a newly renovated location in a desirable area, drive through, beautiful food trailer and portable soda bar used for events. Since inception, the business has generated more than 200 positive google reviews and 300 loyalty members.

In addition to serving loyal customers through the drive through, the business has been successful utilizing its trailer targeting large dollar events with corporate and other large group clients. The business has built a strong relationship with many corporate clients that want them to keep coming back. Prior to COVID the company had soft agreements for weekly recurring events with corporate clients with advance payment.

The company acquired their cookie provider in 2020 and brought the production in house leading to large synergies in cost savings and revenue opportunities. In addition to a snack at the retail location, the company ships cookies to multiple corporate clients in Utah and other customers outside of Utah.
The company is yet to have a full year of "normal" operations. The business was started in April 2019, and due to partner disagreements sold to the current owner in January of 2020. The new year brought COVID-19 that slowed sales and halted planned strategies. Although the company was not profitable in 2020, the current owner has laid multiple foundations for revenue growth and with effort and execution by a new owner could see a highly successful 2021 and beyond.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Utah
County: Salt Lake

Company Information

Year Established: 2019
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 PT

Financial Information

Asking Price: $111,000
Gross Revenue: $146,527
FF&E: $74,895
Inventory: $7,920
Seller Financing Available: No

Property Information

Facilities:

Newly renovated location in strip mall with drive through. Desirable location on busy road. Location is under lease, and does not include real estate.

Growth & expansion opportunities:

Strong potential for growth with existing corporate clients.

Competition:

Competitive landscape with similar locations throughout the city, but far reaching customer demand. The business has mitigated the competition by targeting high dollar corporate and group events.

Reason for selling:

More time to focus on other projects and interests.

Support & Training:

Will train for 4 weeks @ no cost No unique licenses or skills required.

Contact Business Seller

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Business Listed By:

Eric Sorensen

Murphy Business Brokers