Auntie Anne’s Pretzels, nets $191k, 20% down, MD for sale in MD

Business Summary:
DESCRIPTION OF THE BUSINESS This Auntie Anne’s Pretzels is located at a popular Mall in MD,. Mall has over 140 specialty shops and is conveniently located at the intersection of a couple of major highways. It is also served by two bus lines and an on-site taxi stand. The business consists of a store front which occupies 690 square feet of retail space and a pretzel cart (kiosk). The store and cart are strategically located at different parts of the Mall. Auntie Anne's Pretzels locations provide customers with pretzel products, dips, and drinks. The pretzels are mixed, twisted, and baked to golden brown perfection in full view of their customers. Pretzels can be easily hand-held and eaten while people are on the run. They are the perfect snack foods that are satisfying as a meal for the travelers, visitors and the environment. The advantages of owning a pretzel business include: · Very low food costs (20% or less) as compared to other food businesses, · Simple product line, · Inexpensive labor costs, and · Snack foods that appeal to consumers all day long. Current royalty is 7% and advertising is 1% of sales, which is below industry average as compared to other franchise concepts that charges well over 10%. HISTORY OF THIS FRANCHISE It all started back in 1988 at a farmer's market in Downingtown, Pennsylvania, where Anne Beiler and her husband Jonas sold a variety of snacks, including hand-rolled, soft pretzels. Anne and Jonas tried different combinations of ingredients to make their pretzels until they found the one recipe that was better than the best, and the pretzel was perfected. From those beginnings, the company has grown to support 1,000 locations worldwide, anchored by a Threefold Philosophy: · Providing premium products, · In a sparkling clean store, · With friendly customer service. The current owner established this particular location in 1996. The Corporate culture of Auntie Anne’s is known to be caring and helpful toward its franchisees. THE TRANSACTION The owner today nets $104,000, even after total salaries of approximately $200,000. Estimated salary savings for an active owner-operator will mean a potential net of over $190,000. Typically, Auntie Anne’s Pretzels are priced at approximately three times the annual net, or in this case, $570,000. The asking price is set at $495,000 for a quick sale. The buyer would be responsible for the franchise transfer fee ($3,000) and any lease assignment/application fee, if applicable. HOURS OF OPERATION Monday - Saturday: 10:00AM - 9:30PM Sunday: 11:00AM - 6:00PM Holiday hours may vary.