Franchise Frozen Ice & Custard Shop

Franchise Frozen Ice & Custard Shop

Available

$35,000.00

Listing Number :

 3791

Status :

Expired

Price :

$35000

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Description

Franchise frozen dessert shop in busy downtown area of affluent East Bay City. With a beautiful, clean, and inviting storefront that includes outside seating, this store is currently run by an absentee owner looking to focus on his other businesses. This is a great opportunity for an owner operator or a husband/wife team to get more involved and take it to the next level. This  store features Italian ice, frozen custard, and other treats. This is a completely turn-key opportunity with great earning potential. Also included int he sale are a fully-equipped trolley (think larger but slightly less-mobile food truck) and a push cart that both generate high-profit sales as there is much less labor required to operate them. A Colorful, Logo-wrapped company van is included as well. Sale includes franchise rights for a store and two mobile licenses in one city plus a store and one satellite license in the adjoining city. Franchise rights for additional East Bay cities could be purchased from the seller if buyer is interested. Seller Claims in 2018 Gross Revenue of $205,000 and his Gross profit was $143,000 with huge growth in 2019 as gross revenue is projected over $350,000 and Gross profit over $275,000. A new, more involved owner could turn this into a $60- $70,K + annual income from the existing store, trolley and cart- more if they developed the additional franchise locations. # 3791

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Ice & Frozen Custard
License(s) Required: Business, Heath
Hours of Operation: 12 pm-9 pm /7 x days a week
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3791
Date Available: 10/4/2019
Reason For Sale:
Annual Total Revenue: 205000
Annual Net Income:
Inventory:
Monthly Payroll: 7618/m
Lease Information
Base Rent: 4120/m
Lease Expires: 2022
Lease Option:
NNN:
 
Financing Information
Down Payment: 35000
Owner Will Carry:
Other Finance Terms:

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