Listing Number: 6842-620590
Description
Philly Pretzel Factory prides itself on being the go-to snack that everyone loves! All of their pretzels are made with the highest quality ingredients, hand-twisted, and baked fresh every day.
This fast-growing location on Queens Boulevard in Forest Hills is primed for a new owner to make a ton of dough! Philly Pretzel Factory features both retail and corporate (wholesale) sales opportunities within a Queens territory filled with potential. Territory includes Kew Gardens, Forest Hills, Rego Park, Richmond Hill, Woodhaven, Glendale, Ridgewood, Elmhurst, etc. with a potential customer base of more than of 230,000 in Forest Hills alone.
Product offering includes pretzels baked fresh on-premises, pretzel dogs, pretzel cheesesteaks, pepperoni melts, and cinnamon pretzel twists. New menu items this year include a new pizza pretzel, a new cheesesteak pretzel and a revamped formula of cinnamon pretzel bites. The simple menu makes it easy to operate the retail store so you can focus on adding to the growing roster of corporate accounts, including 20 schools and three entertainment venues. Schools, concert venues, sporting venues, catering halls, and local restaurants/bars all are prospective customers.
The current owner built the business from a start-up and now needs to focus on other business interests. The next owner gets the store at steep discount to the buildout cost and benefits from the sales he’s built since opening. 2023 is set to be their best year ever. Current corporate accounts include 20 schools that order regularly and on-premises sales at three entertainment venues (with more pending). Staff includes four full-time and four part-time employees. Includes leasehold improvements (value: $215,000), inventory (value: $2,000) and all furniture, fixtures and equipment included (value: $150,000; most are like-new).
Open Monday-Saturday 10am-7pm, Sunday 10am-5pm.
Lease: Retail storefront in high traffic area. 867 square feet. Rent $7,265/month. Lease expires September 2029.
The Transaction: Asset Sale. The reason for sale is the sellers’ other business. Owner will assist with training and transition. Buyer must attend franchise training. The asking price is $150,000.
Listing Details
- Price: $ 99,000
- Down Payment: --
- Sellers Discretionary Earnings: $ 51,414
- Total Sales: $ 365,300
- Location: Queens County, New York
- Inventory: $ 2,000
- FF&E: $ 150,000
- Employees: 8
- Year Established: 2020
- Reason for Selling: Other business interests.
- Category: Restaurants
