Beach Location Ice Cream Franchise
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Background
| BizEx ID: | BizEx293-MS |
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| General Location: | Marina del Rey, CA |
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| Category: |
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| Years in Business: | 6 |
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| Under Present Owner: | 6 |
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| Hours of Operation: | M-Sun 11 am-10 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: | |
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| Lease Options: | 1 at 5 years |
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| Building Size: | 1,000 |
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| Employees: | 6 |
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| Reason for Sale: | Family Issues |
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Financials
| Asking Price: | $125,000 |
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| Down Payment: | $125,000 |
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| Gross Sales: | $376,000 |
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| Discretionary Cash Flow: | $90,000 |
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| FF&E: | $150,000 |
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| Inventory Included? | |
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| Inventory: | $3,000 |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $6,960 |
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| Payroll: | $4 |
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| Financing: | None |
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|
2008 | 2009 |
| Gross Sales |
$ 373,000 | $ 376,000 |
| Gross Profit |
$ 272,000 | $ 292,000 |
| Disc. Earnings |
$ 82,000 | $ 90,000 |
