Lamar's Donuts, includes one store and another license!
Location: Colorado > Boulder County
Industry: Food and Beverage > Restaurants
Financials
Gross Revenue: $400,000
Gross Revenue Comments: 3 years of steady growth
Cash Flow: $35,000
Cash Flow Comments: Full-time manager in place, cash flow reflects add-back.
Inventory: $5,000 (Included in Asking Price)
FF&E: $30,000 (Included in Asking Price)
Seller Financing: Owner will assist with financing.
Business Summary
This store opened approximately six years ago. The current owners purchased it out of bankruptcy in mid-2005. Their sales were $74,491 in 2005, $284,091 in 2006, and $355,915 in 2007. The first quarter of 2008 suggests another significant increase in sales, perhaps as high as 30%. The original owners were inexperienced and undercapitalized. The current owners are an experienced group of retailers, food distributors, and management personnel. Their original plan called for a four- person investment group that would provide continuous supervision of the store, however, the remaining two members of the investment group both live more than one hour from the store in northern Colorado and cannot adequately manage their investment. Their goal is now to sell to an owner operator who can continue their growth and development success. The franchise is excellent and the product superb.
About the Business
Year Established: 2002
Employees: 1 full time - 8 part time
Franchise: Yes
Facilities: The owner is approximately half way through a five-year lease with an option for an additional five years. The square footage is 2497. The monthly lease is currently 5369.75 and the monthly CAM is approximately 1668.30. The store is centrally located in the center with visibility to/from a major boulevard.
Market Outlook and Competition: Competition Virtually none in the immediate area. Strengths -protected territory in a growing community -franchise has excellent reputation -product is superb -equipment is in excellent condition Opportunities -ownership group has been absentee -business has not been extensively networked or advertised.
About the Sale
Management Training and Support: Franchise will train and owner will provide 30 days of transition and training.
Reason For Selling: Ownership group has full-time jobs and another business. Store was bought as an investment, probably requires an owner/operator.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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