Business for Sale

Profitable Italian Ice Cream Store - Beach City

BizEx893-MS

Background

General Location:Los Angeles, CA
Category: Restaurant
Franchise
Years in Business:3
Under Present Owner:3
Hours of Operation:Mon-Sun
Owner Hours:varies
Training:2 weeks @ 10 hours
Organization Type:
Lease Expiration:
Lease Options:5 years
Building Size:1,079
Employees:3
Reason for Sale:Business expansion

Financials

Asking Price:$65,000
Down Payment:$65,000
Gross Sales:$211,000
Discretionary Cash Flow:$51,000
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:$6,300
Payroll:$18
Financing:None

2015
Gross Sales $ 220,000
Gross Profit $ 165,000
Disc. Earnings $ 51,000

Description

PRICE REDUCED FOR IMMEDIATE SALE! Only $65,000.

Corporate owned ice cream store offered for licensing to new operator. Established business with great reputation and brand recall. 4.5 star-rating on Yelp and 5 star rating on Trip Advisor. Sales are consistently increasing each year and has tons of potential for growth.

Desirable location in an affluent west Los Angeles beach community, surrounded by government offices, commercial establishments and high-income households. High density strip center with national food and retail tenants. Plenty of onsite free parking.

Tastefully built 1079 SF interior, with walk-in freezer, sinks and kitchen equipment. Will be delivered as a turn-key business. Training will be provided.

As a licensed store, this is very easy to run. Corporate will make fresh ice cream cakes, gelato and sorbetto and will deliver to store, ready to be sold. Effective systems are in place, which can make this an owner-absentee operation.

Seller is also open/motivated if buyer wishes to operate this location under a different concept/name. This is a turn-key location with approved permits.

Please contact Mina Singson-Brightman (Restaurant/Franchise Business Broker) at 310-882-2200 ext 125 or msingson@bizex.net for more information. For quicker response, register and complete the Confidentiality Agreement at www.bizex.net


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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.

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Mina Singson-Brightman
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (808) 797-3067 ext 125
Direct: (310) 734-6769
Lic#: 01866495