Beach Location Ice Cream Franchise

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Background

BizEx ID:BizEx293-MS
General Location:Marina del Rey, CA
Category:
Years in Business:6
Under Present Owner:6
Hours of Operation:M-Sun 11 am-10 pm
Owner Hours:Absentee
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:
Lease Options:1 at 5 years
Building Size:1,000
Employees:6
Reason for Sale:Family Issues

Financials

Asking Price:$125,000
Down Payment:$125,000
Gross Sales:$376,000
Discretionary Cash Flow:$90,000
FF&E:$150,000
Inventory Included?
Inventory:$3,000
Min. Operating Capital:
Real Estate Available?No
Rent:$6,960
Payroll:$4
Financing:None

2008 2009
Gross Sales $ 373,000 $ 376,000
Gross Profit $ 272,000 $ 292,000
Disc. Earnings $ 82,000 $ 90,000

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations