Franchise Fruit Bouquet (Pending)

File# C2407
Location: Oakland County
Business Price: $399,900
Down Payment: $149,900
Monthly Payment:$4,950.30
Interest Rate: 7%
Amortization Period:60 months
Gross Sales: $694,715
Source: 2017 Profit & Loss
Cash Flow: $188,245
Source: 2017 Profit & Loss
Inventory: $2,500 +/-
Days Open: 7 days
Business Hours: Mon-Fri 8am-7pm, Saturday 8am-5pm, Sunday 10am-3pm
Seats: NA
Parking: ample
Licences Required:Franchise, Health Dept, Sales Tax
Year Established:2006
Year Acquired: 2006
Monthly Rent:$1,695 NNN ($541)


Edible Arrangements is a franchise company that sells and delivers fresh fruit and gourmet chocolate bouquets, yogurt smoothies and much more. These are a wonderful, healthy and welcome alternative to floral arrangements. There are appropriate and tasteful arrangements for all occasions including weddings, bridal and baby showers, birthdays, holidays, sympathy and much more.
There are over 1300 locations worldwide, of which 31are in the State of Michigan and 21 are in S/E Michigan. Each franchisee has an assigned, defined territory. The potential buyer must be approved by the franchisor and seller. There is a two week training period that occurs in Connecticut. The transfer fee is $20,000 and is to be paid for by the buyer. The store was recently remodeled at a cost of $100,000 and moved within the same center at which time everything was brought up to current franchise requirements. As a result, additional upgrades will probably not be required. Ongoing royalties are 5% of gross sales, National Advertising is 3.5% and the EA Connect Fee (for corporate website orders) is 6-6.5% depending on volume. Included with the sale is a 2012 Ford Transit van which is owned free and clear. Also, there is a 2015 leased van with maintenance at $930.76 per month and a Froyo Machine (used for Yogurt Smoothies) leased at$ 214.75 per month, both of which are to be assumed by Purchaser at closing. The website is managed by the franchisor who distributes the orders to the appropriate franchise territories.
This location is in an affluent area of S/E Michigan and is one of the top grossing locations in the state. Sales have remained consistent for the past 3 years. Seller’s Discretionary Earnings (SDE) for 2017 was $164,383 to an owner-operator. The seller oversees the business and works approximately 20 hours per week. The day-to-day operations are run by a manager plus 8-9 part-time employees.

Buyer must maintain confidentiality. All information provided in office to qualified buyers only.

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This information has been supplied to Broker, Capital 1 Commercial Group, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.