Famous Ice Cream Franchise at Sought After Location
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Background
| BizEx ID: | BizEx295-MS |
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| General Location: | Studio City, CA |
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| Category: |
Other Eating & Drinking Places
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| Years in Business: | 10 |
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| Under Present Owner: | 5 |
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| Hours of Operation: | M-Sun 10:30 am - 10:30 pm |
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| Owner Hours: | Absentee |
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| Training: | 2 weeks @ 20 hours |
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| Organization Type: | |
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| Lease Expiration: | May 2012 |
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| Lease Options: | |
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| Building Size: | |
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| Employees: | 6 |
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| Reason for Sale: | Seller moving out of state |
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Financials
| Asking Price: | $30,000 |
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| Down Payment: | $30,000 |
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| Gross Sales: | $204,000 |
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| Discretionary Cash Flow: | $19,000 |
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| FF&E: | $150,000 |
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| Inventory Included? | |
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| Inventory: | $4,000 |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $4,388 |
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| Payroll: | $5 |
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| Financing: | None |
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|
2009 |
| Gross Sales |
$ 204,000 |
| Gross Profit |
$ 187,000 |
| Disc. Earnings |
$ 19,000 |
Mina Singson-Brightman
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (808) 797-3067 ext 125
Direct: (310) 734-6769
Lic#: 01866495
