SOLD 9/24/24: Charleston South Carolina Bakery Cafe for Sale – Incredible Historic Downtown Location
SOLD 9/24/24: Charleston South Carolina Bakery Cafe for Sale – Incredible Historic Downtown Location
Price: $18,000
Location: Sumter
Industry: Bakeries
Listing ID: 6142
SOLD 9/24/24: (This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord, or Ownership. Documentation and Inspections will be provided upon request)
Charleston South Carolina Cinnaholic Bakery National Franchise for Sale
Located at 415 King St Suite B, Charleston, SC 29403.
950/SF.
Absentee Owner unable to grow business.
Opening costs almost $400,000.
Monthly rent $8,000 All-In.
8-year lease with Options to Renew for additional term.
Total term if renewal periods are exercised is 18-years.
Unit open April 2, 2023.
This unit with a 100% absentee Owner is doing $30,000 monthly.
Break-even status could change with hands-on Owner.
Keep Cinnaholic or convert.
Transfer fee $17,500.
Royalties are 8%.
Keep or convert.
Gross Revenue: N/A
Cash flow: N/A
Reason For Sale:
Absentee owner
Training & Support:
Ask broker
Year Established: 2023
Days & Hours of Operation: Ask broker
Owner Hours Per Week: Ask broker
Non-Owner Payroll: Ask broker
Employees: Ask broker
Managers: Ask broker
Monthly Rent: 8000
Type of Location: King Street Storefront
Square Footage: 950
Facilities Information:
950/SF.
Absentee Owner unable to grow business.
Opening costs almost $400,000.
Monthly rent $8,000 All-In.
8-year lease with Options to Renew for additional term.
Total term if renewal periods are exercised is 18-years.
Unit open April 2, 2023.
This unit with a 100% absentee Owner is doing $30,000 monthly.
Transfer fee $17,500.
Royalties are 8%.
Competition:
Ask broker
Potential Growth:
Break-even status could change with hands-on Owner.
Keep Cinnaholic or convert.