Ice Cream Parlor

Ice Cream Parlor

Available

$200,000.00

  • ice cream 4)
  • ice cream 2

Listing Number :

 6329

Status :

Available

Price :

$200000

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Area

1280

Description

Turn Key Business ready for owner Operator!!

Great Michoacana Business ready to be ran. Located in the heart of San Fernando Valley. This business sits on an extremely busy Blvd and very busy neighborhood. Client no longer has franchise fees as he has closed his contract and is doing his own recipes from now on which brought his profit margins up. It is a very low overhead business. It is on a 1,280 sq.ft. space with monthly Rent of $4,300. Seller claims his Gross Annual Revenue is about $300,000. Lease will renew every 5 years. #6329

Business Information Financial Information
Ownership Type:  Corporation
Year Established: 2018
Year Purchased: 2018
Business Type: Ice Cream Parlor
License(s) Required: Business, Health
Hours of Operation: 10 hours a day
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 6329
Date Available: 4/22/2021
Reason For Sale: Family Issues.
Annual Total Revenue: 300,000
Annual Net Income:
Inventory:
Monthly Payroll: 8,600
Lease Information
Base Rent: 4,300/m
Lease Expires: 2025
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 200,000
Owner Will Carry:
Other Finance Terms:

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