Selling established donut shop in Victoria, TX (Prime Location)

Victoria, TX
Asking Price:$125,000
Rent:$2,500/Month
Established Year:1994
Inventory:$3,000
FF&E:$100,000
BUSINESS DESCRIPTION

Located in a prime location across from an HEB

Selling an established donut shop in Victoria that has been open for more than 20 years. The donut shop is in a prime location, located across the street from a HEB and on a major road in town. Owner is looking to sell the business and retire after his wife passed away.


DETAILED INFORMATION
Location
Victoria, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,900
Lease Expiration
31/12/2028
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Includes all donut making equipment (fryer, mixer, prep station, glazing machine, filling machine, rolling machine, etc.). Building lease is $2500/month for a 3 year contract and $125,000 for the store and equipment
Competition
The business is in a prime location, right across from a HEB and on a major road. There are a few other donut shops in town.
Growth & Expansion
Business is currently only open in the mornings, has potential to be open in the afternoons/evenings and offer additional products such as croissants and sandwiches.
Reason for Selling
Retiring
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Charles Ng
Charles Ng