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ACQUISITION OPPORTUNITY #F-2051
SMOOTHIE KING
NUTRITIONAL FRUIT DRINKS - FRANCHISE RE-SALE
Backed by a very highly rated franchise, this business is
currently growing over 15% from the prior period last year. The
business is located in a dynamically growing part of
Cincinnati. A wholesome “feel good” business, this is a great
opportunity for the right buyer who can continue to steer the
business forward, building revenues and increasing profits.
The
current owner works approximately 15-20 hours/week with most of
his time devoted to another business. A simple business to
learn and operate, there is plenty of potential for continued or
accelerated growth.
INVESTMENT HIGHLIGHTS:
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Rated #1 in its franchise category
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Owner's initial investment over $175,000
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Health food type product – consumer trends are positive
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Nutritional supplements also sold
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2009 sales grew 13% in a recession where most similar businesses
are down 20-30%
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Well equipped, attractive store in a growing, excellent Cincinnati
location
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Good employee base
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Business run semi-absentee
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Continue semi-absentee (15-20 hrs/wk) or be an active
owner/operator and lower expenses plus owner involvement should
grow sales faster
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Potential construction (office / retail) next door and surrounding
area will add customers and grow sales
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Highly likely sales growth can continue in 2010 producing a profit
(ACF) of $70,000+ (sales for January 2010 up 25%) - being
run semi-absentee!
REASON FOR SALE:
The
business is less than 2 years old but the owner has decided he
doesn’t like retail that much. He has another long time
business, which is not retail, on which he prefers to
concentrate his efforts.
PURCHASE PRICE:
The
business is offered at (reduced to) $175,000
including inventory based on an asset sale, free and clear of
debt. The purchaser will be required to pay $12,500 for
training and transfer of the franchise.
FINANCIAL SUMMARY:
Year Ends
December 31 Assets
Included at Cost:
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2010
Projection |
2009 |
9
months 2008 |
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Equipment, Leaseholds: $ 134,300
Inventory:
9,000
Franchise (net of transfer fee): 12,500
Total: $ 159,700 |
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Sales $ |
275,000 |
229,883 |
165,235 |
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ACF $ |
70,000 |
48,225 |
21,952 |
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ACF:
Profit/Cash Flow the business generates to the owner after
adjustments.
FOR FURTHER INFORMATION CONTACT:
KEATE PARTNERS
7783A Five
Mile Road
Huntington
Bank Building
Cincinnati,
OH 45230
(513)
241-3700 Fax (513) 852-8325
www.keatepartners.com
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