Hot Listing
Profitable, donut and coffee shop in busy plaza
Business Description
Charlies has been in business for over 9 years bringing specialty mini-donuts with over 30 flavors and Joffrey's coffee to our loyal customer base. This 4.7 star Google rated business boasts approximately 1650sqft of floor, prep, and kitchen space with an in-store bathroom. There are table/chair seating for 24pp although many customers prefer take out or one of our three mobile food delivery services (Uber Eats, GrubHub, DoorDash). Charlie's supports many repeat large school events, churches, and fundraisers with many large sales in addition to normal in-store and delivery services.
The store was remodeled upon opening with all-new appliances, AC units, ventilation hood/system, tables, chairs and decor and is located in a busy plaza with a gas station adjacent to the plaza. It has a 6-camera recorded security system and an ADT alarm system to ensure the safety and security of employees, customers, and the business.
There are over $70,000 worth of assets on hand and running inventory typically averages around $2000-$3000. A fully automated robotic mini-donut frier with conveyor system is located in the well ventilated fry area. A double espresso machine and two coffee machines as well as a blender, food processor and mixer. All items in the store will remain with this purchase other than the 2 Clover POS machines which are non-transferrable.
As the second owners having purchased the shop in the fall of 2020, the last 4 years revenues have averaged approximately $250,000/yr revenues with $36,000/yr average profits. Total employee count ranges from 8-10, with a lead employee providing management support/oversight, inventory needs. Charlie's is being listed for sale at $139,900 which is approximately a 2x EBITDA multiplier plus assets on hand. Management is also offering approximately 2 weeks of inventory and 30days of business transition support as a condition of the sale.
The store was remodeled upon opening with all-new appliances, AC units, ventilation hood/system, tables, chairs and decor and is located in a busy plaza with a gas station adjacent to the plaza. It has a 6-camera recorded security system and an ADT alarm system to ensure the safety and security of employees, customers, and the business.
There are over $70,000 worth of assets on hand and running inventory typically averages around $2000-$3000. A fully automated robotic mini-donut frier with conveyor system is located in the well ventilated fry area. A double espresso machine and two coffee machines as well as a blender, food processor and mixer. All items in the store will remain with this purchase other than the 2 Clover POS machines which are non-transferrable.
As the second owners having purchased the shop in the fall of 2020, the last 4 years revenues have averaged approximately $250,000/yr revenues with $36,000/yr average profits. Total employee count ranges from 8-10, with a lead employee providing management support/oversight, inventory needs. Charlie's is being listed for sale at $139,900 which is approximately a 2x EBITDA multiplier plus assets on hand. Management is also offering approximately 2 weeks of inventory and 30days of business transition support as a condition of the sale.
About the Business
- Years in Operation
- 9
- Number of Employees
- 8
- Franchise
- This business is an established franchise
- Facilities & Assets
- All stainless appliances: large commercial ventilation hood with fire suppression system, robotic donut frier with conveyor, double espresso machine, 2 coffee machines, large double-door refrigerator, 4 sinks including one large double-sink wash basin, table with microwave, dehumidifier, single door refrigerator, ice maker, lighted/refrigerated display case coffee prep station, heated food storage table, multiple large prep tables, multiple storage racks, commercial mixer, coffee grinder, blender, donut display booth, large storage closet, bathroom.
- Website
- https://www.charliesminiidonuts.com
- Market Outlook / Competition
- Charlie's is the only store-front mini-donut business in Lakeland, FL that we are aware of. Offering over 30 specialty flavors of donuts is a key selling point. All donuts are made hot and fresh to order. The donuts are extremely popular with families and come in a variety of packs (3, 6, 16, 25, and 35) with volume discounts. Charlies also offers Joffrey's brand coffees which are priced approximately 20-30% less than major brand competitors. Charlies also offers several flavors of smoothies and bottled drinks.
- Opportunities for Growth
- Charlie's has excellent additional growth opportunities which are available with a more technical marketing strategy. Current marketing is through social media platforms, word of mouth, flyer distributions, and door-to-door business marketing. Opportunities exist to add breakfast sandwiches and/or ice-cream to diversify offerings.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,650
- Rent
- $2,524.00 per month
- Lease Expiration
- 9/30/2025
About the Sale
- Seller Motivation
- Owner/manager relocation
- Transition Support
- 30days business transition support and training following closing. Approximately 2wks of inventory will be on hand at closing as well.
- Financing Options
- Prospective buyers are expected to bring a cash offer/buyer financing.
Listing Info
- ID
- 2345340
- Listing Views
- 2616
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2345340 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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