Great American Cookies & Pretzelmaker Jackson, TN $120,000 for package

Transcription

1 Great American Cookies & Pretzelmaker Jackson, TN $120,000 for package Map Stores are both located in Old Hickory Mall and currently absentee run. Cash flow figure assumes new Owner operates one store and keeps GM at second store. Sales trending way up at both locations. Store Trailing 12 Month Sales Ending 4/30/2015 Cash Flow Great American Cookies $224,460 $9,467 Pretzelmaker $228,776 $40,699 TOTAL $453,236 $50,166

2 CONFIDENTIAL Executive Summary Purchase Price: $120,000 for package Great American Cookies #78945 Total Annual Sales*: $224,460 Old Hickory Mall, 2021 North Highland Ave Inventory: $8,000 Jackson, TN Managed Cash Flow**: $9,467 * Trailing 12 Months Ending 4/30/2015 Cash Flow is a net income projection based on trailing 12 months sales and expenses as stated on Seller's P&Ls. Adjustments are made to reflect brand norms for the region and/or expected ** increases/decreases in costs. Analysis is for proforma purposes only, Buyer should complete his own due diligence review. Ask your agent for summary of adjustments. Franchise Information: Founded in 1977 on the strength of an old family chocolate chip cookie recipe, Great American Cookies has set the standard for gourmet cookie sales and has been recognized as the category leader in cookies by Entrepreneur magazine. They operate in mall-based locations across the United States and abroad. Their streamlined system is geared to assist multi-unit franchisees in low overhead and ease of operations, and the majority of Great American Cookies' owners are multi-unit franchisees, operating anywhere from three to 40 plus locations. Great American Cookies is owned by Global Franchise Group, which owns a portfolio of franchise brands including MaggieMoo's, Marble Slab Creamery, and Pretzelmaker. Franchisor requires $250K net worth and $100K liquid. Franchise Agreement Expiration: 4/1/2022 Transfer Fee: $10,000 Training Location: Atlanta, GA Royalty: 6.0% Advertising: Training Period: 2 weeks Remodel Requirements: None Lease Information: Monthly Base Rent: $3,183 Options: 1x5yr Security Deposit: per lease Percentage Rent: 10.00% CAM: $1,163 Real Property Available: no Expiration: 4/1/2022 Monthly Property Tax: $132 Increases: 3% annually Location Details: Business Established: 4/1/2012 Building Type: mall Building Size: 736 SF Owner Since: 4/1/2012 Seating: none Employees: 1 F/T, 6 P/T Hours of Operation: 10a-9p M-Sat, 12p-5p Sun Licenses Needed: business, health Old Hickory Mall, just off of I-40. Sales have been growing steadily since the store first opened in Remember you have agreed to keep all FranBizNetwork listings confidential. As a part of the due diligence process you are encouraged to contact other franchisees with questions about the brand, but remember you are bound by a confidentiality agreement and cannot share the location or any details about the business you are considering buying. Please direct any questions you might have for the Seller to your FranBizNetwork agent. Feel free to visit the location(s) as a customer, but be discreet and do not ask questions of employees, managers, or other customers. Please do not draw unneccessary attention to yourself, as rumors of a pending sale can hurt the business.

3 Great American Cookies #78945 MONTHLY SALES Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec TOTAL 2012 $0 $0 $0 $0 $8,183 $13,262 $16,619 $14,587 $11,261 $12,024 $13,051 $22,711 $111, $11,225 $14,492 $14,351 $13,941 $11,736 $9,249 $15,116 $15,657 $14,460 $13,766 $12,397 $26,571 $172,961 $ +/- $11,225 $14,492 $14,351 $13,941 $3,553 ($4,012) ($1,504) $1,070 $3,199 $1,743 ($654) $3,860 $61,263 % +/- 43% -30% -9% 7% 28% 14% -5% 17% 55% 2013 $11,225 $14,492 $14,351 $13,941 $11,736 $9,249 $15,116 $15,657 $14,460 $13,766 $12,397 $26,571 $172, $10,791 $19,758 $19,672 $14,330 $13,909 $14,780 $16,828 $19,123 $15,075 $15,415 $15,761 $34,541 $209,982 $ +/- ($435) $5,266 $5,321 $389 $2,173 $5,531 $1,712 $3,466 $616 $1,649 $3,364 $7,970 $37,021 % +/- -4% 36% 37% 3% 19% 60% 11% 22% 4% 12% 27% 30% 21% 2014 $10,791 $19,758 $19,672 $14,330 $13,909 $14,780 $16,828 $19,123 $15,075 $15,415 $15,761 $34,541 $209, $15,567 $22,779 $22,618 $18,064 $0 $0 $0 $0 $0 $0 $0 $0 $79,028 $ +/- $4,777 $3,022 $2,946 $3,734 $14,478 % +/- 44% 15% 15% 26% 22% 40,000 35,000 30,000 25,000 20,000 15,000 10, ,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

4 Great American Cookies #78945 PROFORMA Trailing 12 Months Ending 4/30/2015 SALES $ 224,460 COGS: $ 63, % Crew Labor: $ 35, % GM: $ 23,000 1 Other Store Level Mgmt: $ - Workers Comp*: $ 884 Payroll Taxes*: $ 6, % R&M: $ 224 Non-Ingredient: $ 561 Utilities: $ 7, % Rent: $ 38, % CAM: $ 13, % Property Tax: $ 1, % Personal Property Tax: $ 250 Local Advertising: $ 224 Nat'l Advertising: $ 3,367 Royalty: $ 13, % Equipment Lease: $ - Insurance: $ 1, % Bank Charges: $ 600 Credit Card Fees: $ 2, % Professional Services: $ 400 Outside Services: $ - Laundry/Uniforms: $ - Pest Control: $ 390 Security: $ - Music: $ - Permits & Licenses: $ 1, % Cash Over/Short: $ 224 Non-recurring expenses: $ - Personal Expenses: $ - Mgmt Fee/Owner Draw: $ - Employee Benefits: $ - Other G&A: $ - Total Expenses: $ 216, % Other Income: $ 1, % Store Level Net Profit: $ 9, % *Workers Comp and Payroll Taxes shown as a % of Total Labor. Executive Summary materials and Proforma were derived from documents provided by Seller and were prepared by FranBizNetwork to help prospective Buyers complete a summary review. These materials should not replace the Buyer's review of actual books and records and a thorough due diligence process. Buyers should not rely on these materials as definitive, but should instead consult the actual due diligence documents.

5 CONFIDENTIAL Executive Summary Purchase Price: $120,000 for package Pretzelmaker #30694 Total Annual Sales*: $228,776 Old Hickory Mall, 2021 North Highland Ave Inventory: $8,000 Jackson, TN Owner Operated Cash Flow**: $40,699 * Trailing 12 Months Ending 4/30/2015 Cash Flow is a net income projection based on trailing 12 months sales and expenses as stated on Seller's P&Ls. Adjustments are made to reflect brand norms for the region and/or expected ** increases/decreases in costs. Analysis is for proforma purposes only, Buyer should complete his own due diligence review. Ask your agent for summary of adjustments. Franchise Information: Pretzelmaker / Pretzel Time introduced their famous soft pretzel in 1991, and now offers a selection of hot, fresh-baked, fresh twisted pretzels, pretzel dogs, freshly squeezed lemonade, creamy blended drinks, and cold beverages in 360 locations all over the world. Their streamlined system is geared to assist multi-unit franchisees in low overhead and ease of operations. Pretzelmaker is owned by Global Franchise Group, which owns a portfolio of franchise brands including Great American Cookies, MaggieMoo's, and Marble Slab Creamery. Franchisor requires $250K net worth and $100K liquid. Franchise Agreement Expiration: 4/1/2022 Transfer Fee: $10,000 Training Location: Atlanta, GA Royalty: 6.0% Advertising: Training Period: 2 weeks Remodel Requirements: None Lease Information: Monthly Base Rent: $2,652 Options: 1x5yr Security Deposit: per lease Percentage Rent: 10.00% CAM: $1,397 Real Property Available: no Expiration: 4/1/2022 Monthly Property Tax: $165 Increases: 3% annually Location Details: Business Established: 4/1/2012 Building Type: mall Building Size: 805 SF Owner Since: 4/1/2012 Seating: none Employees: 1 F/T, 6 P/T Hours of Operation: 10a-9p M-Sat, 12p-5p Sun Licenses Needed: business, health Old Hickory Mall, just off of I-40. Sales have been growing steadily since the store first opened in Remember you have agreed to keep all FranBizNetwork listings confidential. As a part of the due diligence process you are encouraged to contact other franchisees with questions about the brand, but remember you are bound by a confidentiality agreement and cannot share the location or any details about the business you are considering buying. Please direct any questions you might have for the Seller to your FranBizNetwork agent. Feel free to visit the location(s) as a customer, but be discreet and do not ask questions of employees, managers, or other customers. Please do not draw unneccessary attention to yourself, as rumors of a pending sale can hurt the business.

6 Pretzelmaker #30694 MONTHLY SALES Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec TOTAL 2012 $0 $0 $0 $14,561 $16,657 $14,114 $16,161 $13,394 $10,742 $10,610 $15,287 $24,650 $136, $11,402 $12,899 $13,785 $12,506 $12,947 $10,026 $14,128 $13,361 $14,357 $16,141 $14,780 $35,765 $182,095 $ +/- $11,402 $12,899 $13,785 ($2,055) ($3,710) ($4,089) ($2,034) ($33) $3,615 $5,531 ($507) $11,115 $45,918 % +/- -14% -22% -29% -13% 0% 34% 52% -3% 45% 34% 2013 $11,402 $12,899 $13,785 $12,506 $12,947 $10,026 $14,128 $13,361 $14,357 $16,141 $14,780 $35,765 $182, $10,391 $17,738 $18,224 $13,568 $16,223 $16,622 $18,077 $19,391 $13,707 $15,810 $19,439 $37,359 $216,549 $ +/- ($1,011) $4,840 $4,438 $1,062 $3,276 $6,597 $3,949 $6,030 ($650) ($330) $4,659 $1,594 $34,454 % +/- -9% 38% 32% 8% 25% 66% 28% 45% -5% -2% 32% 4% 19% 2014 $10,391 $17,738 $18,224 $13,568 $16,223 $16,622 $18,077 $19,391 $13,707 $15,810 $19,439 $37,359 $216, $14,671 $18,173 $21,419 $17,885 $0 $0 $0 $0 $0 $0 $0 $0 $72,148 $ +/- $4,280 $435 $3,196 $4,317 $12,227 % +/- 41% 2% 18% 32% 20% 40,000 35,000 30,000 25,000 20,000 15,000 10, ,000 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

7 Pretzelmaker #30694 PROFORMA Trailing 12 Months Ending 4/30/2015 SALES $ 228,776 COGS: $ 58, % Crew Labor: $ 36, % GM: Other Store Level Mgmt: $ Assume Owner-Operator - Workers Comp*: $ 549 Payroll Taxes*: $ 3, % R&M: $ 686 Non-Ingredient: $ % Utilities: $ 11, % Rent: $ 31, % CAM: $ 16, % Property Tax: $ 1, % Personal Property Tax: $ 250 Local Advertising: $ - Nat'l Advertising: $ 3,432 Royalty: $ 13, % Equipment Lease: $ - Insurance: $ 1, % Bank Charges: $ 600 Credit Card Fees: $ 3,432 Professional Services: $ 400 Outside Services: $ - Laundry/Uniforms: $ - Pest Control: $ 390 Security: $ - Music: $ - Permits & Licenses: $ 1, % Cash Over/Short: $ 229 Non-recurring expenses: $ - Personal Expenses: $ - Mgmt Fee/Owner Draw: $ - Employee Benefits: $ - Other G&A: $ - Total Expenses: $ 189, % Other Income: $ 1, % Store Level Net Profit: $ 40, % *Workers Comp and Payroll Taxes shown as a % of Total Labor. Executive Summary materials and Proforma were derived from documents provided by Seller and were prepared by FranBizNetwork to help prospective Buyers complete a summary review. These materials should not replace the Buyer's review of actual books and records and a thorough due diligence process. Buyers should not rely on these materials as definitive, but should instead consult the actual due diligence documents.