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Details - Information last confirmed on May 27, 2021
This is an outstanding opportunity to acquire an operating Tropical Smoothie Café in a market that is completely sold out for new units. Tropical Smoothie Cafe is a fast casual franchise specializing in healthy products and lifestyle. The market demographics cover all ages and customers. This unit, opened in 2014, is well located in a major metropolitan area in Washtenaw County, the original owner’s attention was diverted as he developed units in another geographic center and he decided to sell this unit.
In 2016, the current owners joined together to invest in future enterprises together. They chose Tropical Smoothie Cafe, an international franchisor, to build an enterprise footprint in Michigan and Ontario. The franchisor made them aware of the availability of this Washtenaw County unit. In 2017 they purchased the unit to be a ‘training’ platform for the team as they developed a multi-unit investment platform in other Michigan and Ontario locations. They also recognized it as a rewarding challenge to renovate and re-energize a store that had begun to decline under the original owner.
The new team began their ‘learning curve’ by completely remodeling the store replacing almost all the old equipment and built out the basement to support a fully operational catering program expanding the capacity to serve both on-site customers and off-site events. The staff was re-trained and re-focused with site managers identified, trained and empowered. The results have been amazing. With 2017 as the transition year, the first full year of 2018 showed revenue improvement nearly 40%. Now in the second full year, revenues are tracking an additional 30%+. The store has won 6th place for turn-around units out of a total 750 units.
The owners have proven their theories in a great new platform. As their new units are ready to launch, it is time to offer this store to someone who is ready to carry it forward. There is a team of 18 including a manager ready to support that new owner. The current owners will remain engaged for an extended period to assure a smooth transition, and the franchisor is ready to support as well.
Hours of operation: Monday – Friday 7am – 10pm , Saturday 8am – 10pm , Sunday 9am – 8pm
The business operates from leased space of approximately 1300 sq. ft. plus a lower level basement renovated to support the business operation. It is located on a main street in a downtown area surrounded by other businesses, government, private professional and educational offices all generating heavy foot-traffic.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.