Beach Location Ice Cream Franchise - Business For Sale

SOLD

BizEx293-MS: Beach Location Ice Cream Franchise

Background:

General Location:	Los Angeles, CA
Category:	Franchise Franchise
Years in Business:	6
Under Present Owner:	6
Hours of Operation:	M-S 11 am -10 pm
Owner Hours:	Absentee
Training:	2weeks, 20hrs/week
Organization Type:	LLC
Lease Expiration:	N/A
Lease Options:	5 Years 5 Years
Building Size:	1200sf
Employees:	6 PT

Reason for Sale:

Financials

Asking Price:	$125,000
Down Payment:	$125,000
Gross Sales:	$376,000
Discretionary Cash Flow:	$90,000
FF&E:	$ 150,000
Inventory Included?	No
Inventory:	$
Minimum Operating Capital:	$
Real Estate Available?	No
Real Estate Asking Price:	$
Rent:	$ 6960/mo
Payroll:	$ 4000/mo
Financing:	None

	2008	2009
Gross Sales	373000	376000
Gross Profit	272000	292000
Disc. Earnings	82000	90000

* YTD as of , ** = Prorated.

Broker Info

Mina Singson
Business Broker
(310) 882-2200 ext 125
LIC# 01866495

Summary

Best location in Los Angeles for a franchise ice cream business!!Busy throughout the week and flocked by tourists and locals alike. This store has had steady income since it opened 6 years ago despite the slow economy. Owner only selling because of family issues.

Easy to run with the franchise support. Seller spent $400,000 to build this location. Absentee-run and is making a lot of profit with very little marketing. First time on the market. One of the best business opportunities today.This one will not last long!

Selling price does not include franchise transfer fees.

Please call now for more information at 310-734-6769 or e-mail msingson@bizex.net.

More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.