Location: Clifton Park, New York, United States
Industry: Food Companies
Yearly cash flow: $35,000
Revenue: $209,687
Fixed asset value: $225,000(Included in Asking Price)
Inventory value: $3,700(Included in Asking Price)
Financing for buyers: Yes
Year Established: 2008
Employees: 10
Home based: No
Re locatable: No
Startup business: No
Loan desired: No
Investment desired: No
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The business is a franchise bakery, specializing in a proprietary line of snack food and similar products, sold on a retail and wholesale basis. It is essentially a bakery with a factory-like atmosphere. Upon stepping inside the retail store, customers can experience, with their own senses, what distinguishes this company from the run-of-the-mill shop. The product comes out hot and fresh from the oven and is sold to thousands of customers who love that hot and fresh taste, knowing that each one was made fresh just for them. The store is staffed by at least two employees at all times. One bakes the products while the other works the counter to service the customers. All employees are part-time and earn minimum wage.
Business location: The factory selected their location because of its excellent exposure along this highly trafficked section of a major highway. A 1,364 square foot storefront in the shopping plaza is leased for $26.00 per square foot including maintenance fees and common area charges. The lease term is for five years, with a five year option to renew. The leasehold improvements to the space included the installation of the bakery equipment and machinery, lighting, restrooms, flooring, seating, and counter space.
Business competition: While there are several fast food and snack food operations in close proximity, this company is unique in its product line and marketing approach. There are no other sources for this particular product in the area. The closest similar franchise is in Staten Island.
Business opportunities: Since the plaza is still in its infancy stages, retail sales volume for the factory will naturally increase as more local consumers discover the many amenities available in the plaza. The area is home to numerous retail and service businesses, professional offices and some significant anchor stores, making it a true destination location. Wholesale sales can be enhanced by targeting to the local school districts in Saratoga County, local businesses and non-profit organizations for fundraising efforts. Based on historical performance of other franchises, the local school districts purchase the products on a wholesale basis approximately twice a month for 35% of the student body. Successful sales to the Saratoga County school districts could account for approximately $100,000 in additional annual sales.
Financing terms: Sellers may consider some financing for a qualified buyer.
Support and training: The owner will stay on for a reasonable and negotiated transition period, to familiarize the buyer with the established company policies and procedures.
Reason to sell: Seller has accepted a career opportunity that will require a relocation out of state.
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