Seattle Donut Shop With Loads Of Untapped Potential For Sale

Business description

Fully equipped, turnkey and established. Benefits from the name as it is known for quality doughnuts throughout the Seattle area. Located in a high traffic area of Seattle. Lots of workers needing a cup of coffee and a few doughnuts. Easy menu, doughnuts and espresso. Kitchen has a full hood and baking oven so menu could be expanded to include muffins, cookies, breakfast sandwiches, even cakes to list a few. Doughnut shops usually have a very, very low cost of goods to run. Meaning unlike restaurants most of the food costs associated with doughnuts is flour and sugar. Both of these main ingredients for doughnuts is very cheap to buy. The profit margins on doughnuts are very high. Seller has 9 years experience making doughnuts and running this business and she is willing to teach buyer all aspects of business. Huge upside potential with this doughnut shop, as this owner does not accept credit cards, actually turns many customers away who want to pay with credit cards, says she couldn’t be bothered with the headache of dealing with credit cards. And current owner refuses to take on and accept ongoing accounts, says they are too much work and doesn’t want to give any ongoing accounts any kind of discount. This doughnut shop is missing out on many money on credit card sales and money from refusing to service any type of ongoing accounts. And of course current owner is doing no advertising or marketing so here along adding a few other tasty treats to the menu and sales would see a big, big increase no doubt. This business location is very good and has the ability to feed off its neighboring businesses. If you are looking for a diamond in the rough type business, this doughnut shop has many holes under current management that if they were filled this doughnut shop could make many many more money.

Franchise terms

N/A

Property information

Real Estate:

Lease

Lease terms:

Lease is assignable and renewable. Expires in 2/15/2015

Leasehold rent:

$1500 per month per annum

Living accommodation:

N/A

Premises details:

Fully equipped and established, totally turnkey. Big kitchen area includes baking oven. Plenty of seating and parking. Large Display case to show off all your treats. Big enough and equipped (has hood) enough to expand the menu.

Size in square feet:

1,500

Other information

Expansion potential:

Lots of ways to expand upon the profits of this donut shop. Current owner does not accept credit card payment, and does not accept any type of ongoing accounts. Changing just these 2 areas would have a very big positive impact on sales. This shop has the location and all the equipment to fully support an expanded menu. Current owner does no advertising or marketing. Here's another way to increase sales.

Planning consent:

N/A

Competition / Market:

No other donut shops close by. Westernco donut name is known for quality and great tasting donuts. Has the space and equipment to add breakfast sandwiches, muffins, cookies even cakes. A more aggressive owner can take control of this part of Seattle because no competition close by.

Support & training:

Seller willing to train buyer in every aspect of business to include her secret donut recipes. Seller very motivated willing to go the extra mile for the right buyer. 2 weeks training but more is negotiable if needed.

Reasons for selling:

Seller wants to go back to her native country and care for her aging parents

Trading hours:

Monday thru Sunday 6AM to 2PM

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

With 60% down balance to be paid in 18 months at 6% interest rate

Furniture / Fixtures value:

$7,000 (included in the asking price)

Inventory / Stock value:

$2,000