117 Spring St
Charleston, WV 25302

In 2006, owing to the fact that most all of the Mister Donut franchise operations were switching over to Dunkin' Donuts, and the franchise was heading downhill, a group of nine franchisees formed a co-op and it was called Donut Connection. In 2007, the subject property was built to sell doughnuts as a Donut Connection, and it has been in continuous operation since then. Now, the owner has decided to go in a different direction and wants to sell the business to the next restaurant operator. The owners are very honest and account for all income and expense. Consequently, the books are very easy to read and show great detail. They are available for anyone who is a serious candidate for the purchase of the asset. This is a sale of the business subject to negotiating a brand-new lease with the owner of the property, who happens to be the father-in-law of the owner operator. As a part of the negotiations, a new lease will be placed on the property, protecting the business owner from losing his lease in the future. This property is certainly qualified as a well-established business and there are banks in the area that are interested in loaning 80% on the purchase price, meaning that $40,000 is the appropriate down payment. All equipment is operational and is is what is known as "Evergreen," meaning that component parts go out from time to time and are replaced. The cost of a new kitchen array for a donut operation of this size is a considerable chunk of money. The co-op charges no franchise fees, consequently anywhere from 8% to 11% off the top is saved from the get-go. The co-op maintains relationships with food vendors so that the foodstuffs that are ordered are exactly the same for every member of the co-op. Also the costs are kept low as a result of that. The owner is interested in staying on for a reasonable period of time to acclimate the purchaser in the operation. He is not moving out of town and can be available for more information at a later date following the closing.