Multi-Unit Opportunity in Tennessee - 2 Cities,3 Counties, 1st Refusal

Knoxville, TN
Asking Price:$850,000
Gross Revenue:$1,281,000
EBITDA:$244,000
Cash Flow:$210,000
Rent:$2,387/Month
Established Year:2018
BUSINESS DESCRIPTION

Cities Knoxville & Pigeon Forge; Blount, Knox & Sevier Counties

• With staff that's been around, and stores that have been built to run smoothly with very little in-store, hands-on effort from the owners, this is ideal for the person who would like to buy an established business that is already running like a well-oiled machine.

• 100% Vegan bakery that specializes in gourmet customizable cinnamon rolls. There are other cinnamon roll bakeries but very few that are dairy and egg free. We have over 20 frosting
flavors and toppings to choose from and we also do cookies, brownies, edible cookie dough
scoops, Dole soft serve, catering, and more.

• A diverse menu allows us to tap into the wedding market, executive offices, and larger scale businesses so we don’t just rely on foot traffic coming in the door. Our 3rd party delivery services help us expand our sales with ezCater, Door Dash and Uber Eats.

• This includes three counties, Blount County, Knox County and Sevier County, and all 3 can be expanded with at least one or more locations. Owner will have first right of refusal for any new locations built in these territories.

• Knoxville is in a complex with other long term tenants with great demographics and high traffic volume.

• Pigeon Forge is a new facility in a beautiful, recently remodeled complex located in a heavy tourist area that has very limited off-season.


ATTACHED DOCUMENTS
FLYER Cinnaholic, Knoxville and Pigeon Forge TN.pdf.pdf Download

DETAILED INFORMATION
Location
Knoxville, TN
Inventory
Not Included in asking price
Building SF
1,200
Lease Expiration
01/11/2028
Employees
22
Facilities
Two locations-Knoxville 1200 sq ft in a complex with other long term tenants. Great demographics and high volume traffic. Pigeon Forge 1250 sq ft. in a beautiful newly remodeled complex located in a heavy tourist area that has very limited off-season. New facility.
Competition
This diverse menu allows us to tap into the wedding market, executive offices, and larger scale business so we don’t just rely on foot traffic coming in the door. Our 3rd party delivery services help us expand our sales with ezCater, Door Dash and Uber Eats.
Growth & Expansion
Includes three counties, Blount County, Knox County and Sevier County can all be expanded with at least one or more locations. Owner will have first right of refusal for any new locations built in these territories.
Financing
Contact Directed Equity - Bill Thomas 303.552.0440 / BThomas@DirectedEquity.com
Support & Training
When you open a Cinnaholic franchise, you become part of the Cinnaholic family. Our franchise partners benefit from a flexible business model, relatively low operating costs, and high-quality, delicious products that consumers come back for time and time again. Our business model works best for owner-operators that have a passion for baking and putting on the apron!
Reason for Selling
Owner built business to profitability to sell. Plus discovered allergic to cinna
Franchise
This business is an established franchise
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Jim Werling
Jim Werling