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Raleigh Durham - Wake County, NC

  • Listing No.: 209-20274

  • Category: Vending

Asking Price $229,000
Down Payment
Gross Revenue $239,358
Total Adjusted Net Income $125,071
Equipment / Fixtures $25,192
Year Established 2016
General Location Raleigh Durham - Wake County, NC

Who doesn’t love watching the show and enjoying the intoxicating aroma of handmade, freshlypopped kettle corn?  The smell fills the air and inevitably draws crowds from afar like a magnet. Customers rave about the gourmet quality, unique ability to choose from and mix 10+ flavors,and being able to see their product being made.  Almost all get a taste and excitedly proclaim -“It is The Best I’ve ever had.”  Here’s your opportunity to bring that joy to others as the nextowner of this very profitable, pandemic-proof, and turn-key kettle corn business!This franchise opened in 2016 and has experienced at least a 30% growth every year over theprevious year.  In 2019, the business did 240k in sales with 40-50% profit margins depending onlabor costs.  You won’t have any problems generating sales with over 1,500 followers on socialmedia, another 2,500+ in an email listserv, $2,000/month revenue from the website(www.UncleDavesNC.com), and countless other loyal customers.  Operational standards aredocumented, but current owner will also help implement those standards making for a smoothand successful transition!  This is not your normal mobile food business that is always traveling around to different events. You do have a complete setup that you can take to any events, but all of the sales in 2019 weregenerated at a permanent location at the North Carolina State Farmers Market.  This isn’t yourweekend farmer’s market and is one of Raleigh’s and North Carolina’s biggest attractions that isopen to the public every day of the week.  The market is a secure facility, with 24/7 vendoraccess and all equipment and supplies remain in place helping to avoid daily setups andbreakdowns.  All businesses at the Farmer’s Market are also considered an essential businessduring the pandemic, so you never have to worry about being shut down!  Historically, the State Farmers Market receives 1.5-2 million visitors per year but that number isexpected to increase with the population growth in Raleigh and multiple new entrances includingto Raleigh’s Dix Park (https://dixpark.org/master-plan).  Dix Park is a 308-acre park locateddirectly behind Raleigh's Farmers Market currently undergoing a multi-million dollar renovationset to attract millions of visitors each year.  This business is completely ready to go with anything and everything you need from 2 SquarePoint Of Sale systems, T-shirts, signage, tools, equipment, supplies, etc… It even comes withenough popcorn kernels to do over $10,000 in sales!  You will have to work hard, but whowouldn’t want to be their own boss, creating their own hours and building their own team whilemaking kettle corn and enjoying the outdoors, great neighbors and delightful customers dayafter day?  Do you think you have what it takes to continue the 30% growth year over year andhit 1 million in sales in the next 5-6 years?  Or do you think you could do it sooner than that?

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.