Franchise Fruit Bouquet
Edible Arrangements is a franchise company that sells and delivers fresh fruit and gourmet chocolate bouquets, yogurt smoothies and much more. These are a wonderful, healthy and welcome alternative to floral arrangements. There are appropriate and tasteful arrangements for all occasions including weddings, bridal and baby showers, birthdays, holidays, sympathy and much more.
There are approximately 1200 locations worldwide, of which 31are in the State of Michigan and 21 are in S/E Michigan. Each franchisee has an assigned, defined territory. The potential buyer must be approved by the franchisor and seller. There is a two week training period that occurs in Connecticut. The transfer fee is approximately $20,000 and is to be paid for by the buyer. The store was recently remodeled and is up to current franchisor requirements. In addition, Sellers recently had installed a brand new roof top HVAC unit. As a result, additional upgrades will probably not be required. Ongoing royalties are 5% of gross sales, National Advertising is 3.5% and the EA Connect Fee (for corporate website orders) is 6-6.5% depending on volume. Included with the sale is a 2013 Transit Connect delivery van included in the sale.. The website is managed by the franchisor who distributes the orders to the appropriate franchise territories.
This location is in an affluent Macomb County Michigan location. Sales have remained consistent for the past 3 years. Seller’s Discretionary Earnings (SDE) for 2017 was $76,101 to an owner-operator. The sellers owner multiple locations and the day-to-day operations are run by a manager plus 5-6 employees.
Buyer must maintain confidentiality. All information provided in office to qualified buyers only.