Lamar's Donuts Store For Sale

Business description

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.

Franchise terms

Great training and a reasonable transfer fee. Must use the franchise product, menu, and decor.

Property information

Real Estate:

Lease

Lease terms:

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.

Location:

Near major boulevard just east of the city of Boulder, Colorado. Small shoppette with great traffic flow from neighbors.

Other information

Expansion potential:

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.

Competition / Market:

Virtually none in the immediate area. Right across the street from the local police department.

Support & training:

Seller and franchise will provide complete training and transition assistance.

Reasons for selling:

Other business investments.

Trading hours:

6-5, M-S

Financing available:

Seller will assist.

Furniture / Fixtures value:

$30,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)