The Shumacher Group, Inc. has just sold a three-unit GiGi’s Cupcake Franchise. The Shumacher Group, Inc. and Steve Josovitz represented Seller in transaction.
Seller Info:
This very successful three unit Metro Atlanta GiGi’s Cupcakes Franchise business is being sold by Owner to become a full time Mom. All units are high traffic middle to high income locations with great density and visibility. All are turnkey and profitable creating flawless transitions with full staff and management in place. Featured on the National TV Show “Undercover Boss”, Top 2 in the Nation for sales on Valentines Weekend from 2013-2016. Consistently in the Top 25 in the Nation for Net Sales.
Locations:
Unit One:
3655 Roswell Rd #218, Atlanta, GA 30342 in the heart of Buckhead.
1,040/sf.
Monthly rent all in $4,500. Lease expires 10.31.18 with option to renew.
Opened August 2010 at a cost of $180,000.
2015 Gross Sales of $393,564.42 with net profit of $90,158.85.
2014 Gross Sales of $377,289.57 with a net profit of $96,429
Unit Two:
Cumberland Mall, 1000 Cumberland Mall, SE, Atlanta, GA 30339
Cumberland Mall Face Book Page
12-ft x 12-ft Kiosk.
Monthly rent $5,146 all in.
Sales since December 2105 opening was $65,220 which runs on only one staff member at a time.
Cupcakes are baked at Buckhead and delivered.
Unit Three:
202 City Cir, Peachtree City, GA 30269
1,150/sf.
Monthly rent all in at $3,800 with lease expiring 1/1/17 with option to renew for an additional five years.
2015 Gross Sales of $364,187 with a net profit of $23,200
2014 Gross Sales of $335,779.01 with a net profit of $35,000
Opened November 2011 at a cost of $200,000.
Pricing/Terms:
Priced at $300,000 for all three units or priced individually at $200,000 for Buckhead which includes Cumberland Mall Kiosk or $100,000 for Peachtree City. Owner financing is available over three years at 5% interest with a fifty per cent down payment.
Sale does not include franchise transfer fees but Seller would consider splitting cost with Buyer. Franchise Transfer Fees are $17,500 per unit with Kiosk Unit being including in the Buckhead Fee. Seller states that fees might be negotiable with Corporate.
Royalties 4.5% of net sales with advertising at 2.5% of net sales.
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