Candy & Chocolate Store

Candy & Chocolate Store

Available

$125,000.00

Listing Number :

 3756

Status :

Expired

Price :

$125000

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Area

1600

Description

This is a candy/chocolate store owned and operated by the same seller at the same location for the past 27 years located in a 1,600 square foot store in one of the most visited areas by tourists in a very affluent town. If visibility and location are important to you, this is a must see. Leases in this area are renewable every 3 years. Present rent and CAM is $8,350/m and there are 2 years remaining on the existing lease. The landlord owns a boutique next door. There are no employees! The store is open 7 days/week from 10:00 to 8:00 in summer and 10:00 to 6:00 in winter.Gross yearly revenue is $285K. The cost of goods is $85K. Net yearly profit is $85K. The majority of the products consist of one type of candy. There is some fudge and some chocolates, but there is a definite need to have a much better representation of chocolate-related products in order to increase revenue.The seller buys the products from very few vendors. It’s an extremely simple operation to run, but it does need what the present owners no longer have: energy and a new vision. I don’t believe I need to state that the business has been successful if it lasted 27 years!

3756

Business Information Financial Information
Ownership Type:  Partnership
Year Established: 27 years ago
Year Purchased:
Business Type: Retail Candy & Chocolate
License(s) Required: Business, Heath
Hours of Operation: 10 am-8 pm /7 days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3756
Date Available: 8/12/2019
Reason For Sale: Retiring
Annual Total Revenue: 285,000
Annual Net Income: 85,000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 8,350
Lease Expires: 2022
Lease Option: 1 x 3 years option
NNN:
 
Financing Information
Down Payment: 125,000
Owner Will Carry:
Other Finance Terms:

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