Business for Sale

Under Contract

Owner-Absentee Ice Cream Franchise by Beach

BizEx956-MS

Background

General Location:Los Angeles, CA
Category: Other Eating & Drinking Places
Franchise
Years in Business:15
Under Present Owner:6
Hours of Operation:M-Sun 11 am - 10 pm
Owner Hours:none
Training:None
Organization Type:
Lease Expiration:
Lease Options:1 at (5) years
Building Size:1,100
Employees:10
Reason for Sale:Focusing on other businesses

Financials

Asking Price:$425,000
Down Payment:Negotiable
Gross Sales:$553,023
Discretionary Cash Flow:$133,700
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:$9,800
Payroll:$8
Financing:SBA

2013 2014 2015
Gross Sales $ 429,519 $ 521,496 $ 553,023
Gross Profit $ 320,531 $ 388,279 $ 414,168
Disc. Earnings $ 77,286 $ 128,846 $ 133,748

Description

National brand ice cream franchise business located in one of California's most popular beach destinations. This is a heavy foot-traffic area all year round.

Store is 100% employee-run with a full-time manager. A more involved owner can make even more money as the current owner hardly spends time at this business because he works a full time corporate job and also owns multiple businesses.

This store was recently renovated. It has indoor and outdoor seating for customers.

Business is pre-qualified for an SBA loan. Seller keeps clean books and records to make due diligence a breeze.

Sales are increasing each year and still has potential for further growth. The only known ice cream and yogurt store in the area surrounded by restaurants, bars and tourist stores.

There is no competition in the immediate area and there is virtually no vacant spaces for competition to move in. This franchise is well known for super premium frozen desserts that tourists and locals alike crave.

Hurry, this one won't last!

Serious inquiries only. Buyer to provide proof of funds and must have good credit.

Buyer to pay franchise transfer and document fees.

This opportunity may qualify for the E2 (US Investor) visa program.

Call now for more information Mina Singson- Brightman (Franchise Business Broker) 310-882-2200 x 125 or msingson@bizex.net. For faster response please register and complete non-disclosure 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