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17573a-Culinary Classes With Tremendous For Growth For Sale

Arizona
Asking Price:
$599,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$667,000 (USD)
Cash Flow:
$140,000 (USD)

This long-standing, unique cuisine school and retailer of high-end kitchenware is located near a major city in Arizona. They provide culinary classes based on niche concepts, an excellent experience for small get-togethers or individuals just looking to improve their kitchen techniques. With a wide variety of kitchen education, classes for lunch, dinner, desserts and techniques are offered for kids, teens and adults. In addition, they sell a variety of quality cookware and kitchen utensils. Their retail shop features cutlery, tableware, pots and pans, barbecue utensils, bake-ware, cookbooks, specialty food, kitchen gifts ideal for the holidays, and so much more! When customers finish their classes, they are enthusiastic to cook like the pros at home; the store has everything they might want or need. The synergy between the classes and the retail operation is a key driver of revenue. Summer programs keep this business busy all year round. Their popularity has grown exponentially since its inception and the financials have been stable with minimal marketing efforts. The prime 4,000 sq. ft. leased facility is in excellent condition and surrounded by a parking lot. With experienced team members, they maintain a strong reputation and stay ahead of food trends, new concepts, and changes in the types of cooking techniques and products. Marketing efforts focus on loyal customers, word-of-mouth referral sources and SEO. With carefully implemented management, there are many opportunities for further company growth, owner-independent operations, profitability, and scalability. Expanding web presence and diversifying online purchasing/e-commerce, as well as franchising company's model and practices nationwide presents growth opportunities. Total revenue for 2018 was $667,068 and SDE of $139,079, based on an independent valuation!

Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Approaching retirement

Trading hours:

9:30 am - 6:00 pm Monday - Saturday

Employees:
27 Part time
Years established:
1993

Other Information

Support & training:

The owner will be available as needed for a standard transitioning period.

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

Negotiable for the right buyer

Furniture / Fixtures value:
$221,000 (USD) - included in the asking price
Inventory / Stock value:
$107,148 (USD) - included in the asking price

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