FAMOUS FRANCHISE AT BALTIMORE’S BUSY INNER HARBOR
Seller:
Attn:
Ms Wei Grandon
Location:
Baltimore, MD, USA
Listing Number:
"B-112"
Overview of the Business:
DESCRIPTION OF THE BUSINESS:
This franchise is located at Harborplace Mall, in the heart of Baltimore’s Inner Harbor, and within walking distance of the best of Baltimore’s many tourist attractions.
This particular franchise provides customers with snack foods and drinks. The products are the perfect snack foods that are as satisfying as a meal for the travelers, visitors and the environment.
HISTORY OF THIS FRANCHISE:
The current owner established this particular location in 1998.
The Corporate culture of this franchise brand is known to be caring and helpful towards its franchisees.
OPERATIONS
There is a manager who has been on staff for 13 years, at an annual salary of $30,000. There are two shift leaders making about $8 hourly and two to three crewmembers at $7 to $7.50 per hour.
A new owner-operator or an operator who doesn’t have other business obligations can further reduce the food costs, which are already low, to achieve a higher bottom line.
Property Features and Assets:
THE MARKET:
Today, Baltimore's Inner Harbor is one of the most photographed and visited areas of the city. It has been one of the major seaports in the United States since the 1700’s and started blossoming into the cultural center of Baltimore in the 1970s.
Distinct in function and form, locals and visitors alike enjoy Baltimore's Inner Harbor and the surrounding neighborhoods that offer a variety of fine dining, cultural experiences and exciting nightlife.
BUSINESS FACILITY, RENT AND FEATURES:
This business occupies 540 square feet and is easily manageable. A long-term lease of ten years will be offered to new buyer. Currently, the rent is $5,300 (inclusive of CAM, RE taxes, utilities and most facility expenses).
Market Competition and Expansion:
MARKET COMPETITION:
There is not another business of this kind located at Harborplace Mall.
ADVERTISING AND PROMOTION:
This brand has incredible name recognition. It’s hard for passers-by to resist stopping and getting something. The products themselves are the best advertising needed. In addition, franchisor conducts research of appealing signs and storefronts to help their franchisees to achieve success.
OPPORTUNITIES FOR FUTURE GROWTH:
The business has a history of reaching an annual gross revenue of over $400,000. New owner can potentially increase income by setting up a satellite location in a different location from the store.
This is a franchise organization with a commitment to exceeding their customers' expectations. The franchise brand has built its business on the quality of its products and strong support for its franchisees, nurturing relationships for the long-term growth of the franchise system. That approach continues to drive its growth.
Additional Details:
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