Shumacher Sells Profitable Savannah GiGI’s Cupcakes Franchise including Six More

by Steven Josovitz

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The Shumacher Group, Inc. and Steve Josovitz has sold the Gigi’s Cupcakes franchise located at 5521 Abercorn St #100, Savannah, GA 31405. The Shumacher Group, Inc. represented Seller in transaction for  total of seven profitable sold GiGi’s in less then a year.

1600/sf.

Monthly Rent: $3217.85 + applicable additional rent = $3536.95. Lease expiring Jan 31 2017 with option to extend for additional 4 years.

Established 2011 at a cost of almost $250,000.

2016 monthly sales average $25,000 to $30,000 per month with Owner pulling out approximately $4,000 per month.

Super hot location steps away from Publix and Fresh Market.

Owner works about 3-days a week.

GiGi’s Savannah Face Book Page

Video of Savannah GiGi’s Cupcakes Franchise

Seller Comments:

Reason for selling: 

As much as I LOVE this store and it is my 1st baby, we are very motivated to sell due to my health challenges and the twins being born. I’ve not been able to put the time and energy in that it needs and that I previously was able to so therefore I’m motivated to sell at a very fair price. For 2011-2012, I was able to be here daily and give it the love and attention it needed.  However, in 2013 with my diagnosis and daily chemo my body’s lack of energy didn’t allow me to give nearly what I was able to the previous years. We were actively pursuing a second location, but quickly realized my health wouldn’t allow for it. 2014 involved us working tirelessly to have our sweet angel babies through a carrier, so again I was here a lot less as I went to doctors almost daily and had multiple surgeries over a course of many months. And of course, now in 2015, as I mentioned to you I come in 2 days a week from 7-1 and occasionally on weekends.

-Royalties: 4.5% of net sales 2.5% of net sales.

-Advertising: 2.5% of net sales

-Transfer fee: Franchise transfer fees are $17,500

• Established Leader in the Industry
o Winner “Best Cupcakes in Savannah” Every Year Since Opening in 2011
o Proven Products/Flavors/Branding
o Well Known Wedding Vendor in Savannah
o Large Corporate Accounts
Monthly Rent: $3217.85 + applicable additional rent = $3536.95. Lease expiring Jan 31 2017 with option to extend for additional 4 years.

Gigi’s Cupcakes Savannah, GA 

Owner

Favorite Gigi’s Cupcake: Birthday Surprise

Though a fairly new resident of Savannah, my husband and I have a rich family history in Savannah, spending many wonderful summers in our family home on Wilmington Island enjoying the beautiful scenery and all that Savannah has to offer, dreaming that one day I would live here …. and finally our dream has come true! My second dream has been to bring Gigi’s Cupcakes with me from Nashville, Tennessee, and to share these delicious cupcakes with everyone in Savannah!

My husband and I lived in Nashville for 9 years, both attending Vanderbilt University. Following college I started a career as a Pharmaceutical Rep., and it was then that I began bringing the offices which I called on, loads of Gigi’s Cupcakes. Of course, I would often make sure to enjoy a few myself. Frequenting the original Gigi”s more and more, I started to dream about how fun it would be to be on the other side of the counter. What a fun, happy, and most delicious job! When we found out my husband’s job would take us to Savannah, what better place to make my dream a reality.

And here we are! I feel so very blessed to be able to bring these incredible cupcakes to Savannah. We love participating in wonderful fundraising events around Savannah like March of Dimes Signature Chef Event, Leukemia & Lymphoma Society’s Regatta, Second Harvest Food Bank Jewels and Jeans…the list goes on and on. What a wonderful way to give back to the community that has welcomed us with open arms!

Thank you for welcoming us into this beautiful city with open arms!

(This is an Open and Operating Business.  Please do not make any attempt to contact Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

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