Ice Cream Shops at Food Courts - Two locations Included or take one
| Asking Price: | $275,000 | Inventory: | $2,000 ++ |
| Gross Revenue: | $320,049 (comments below) | Real Estate: | n/a |
| Cash Flow: | $97,051 (comments below) | FF&E: | $200,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Poor economy, off 28% from last year | |||
| Cash Flow Comments: Absent owner is not working | |||
Two locations offered together but available separately selling Haagan Dazs premium ice cream products with national brand recognition. The seller is offering franchise and lease rights for these established locations including the almost new equipment and major leasehold improvements at a small percentage of their initial cost when new.
Unlike a startup franchise costing $144,000 to $430,000, this established business offers financial history and an established customer base, and other advantages of an established business at a far lower cost due to sellers other commitments.
Offered are leases at two large indoor mall complexes in different towns, two locations, both with high visibility, each has adjacent parking. Both are food court locations.
One location is one year new and has under-performed in this economy. A buyer may wish to not include this but a change in economy will make it a "keeper".
Many competitors offer "the same old product". This offers customer known quality brand recognition separating it from competitors.
Unfortunately all retail sales are down in the current economy. Sales shown include that the primary location is down 28% from the previous year due to the depressed national economy. Also the new start up location has not been well developed in this economy.
The seller is an absentee owner frequently out of the country with another business. The site operators have no vested interest to make a good return at these locations. The business needs a new owner ready to step in, pay attention to the business and to ride back with the economy.
Unlike a startup franchise costing $144,000 to $430,000, this established business offers financial history and an established customer base, and other advantages of an established business at a far lower cost due to sellers other commitments.
Offered are leases at two large indoor mall complexes in different towns, two locations, both with high visibility, each has adjacent parking. Both are food court locations.
One location is one year new and has under-performed in this economy. A buyer may wish to not include this but a change in economy will make it a "keeper".
Many competitors offer "the same old product". This offers customer known quality brand recognition separating it from competitors.
Unfortunately all retail sales are down in the current economy. Sales shown include that the primary location is down 28% from the previous year due to the depressed national economy. Also the new start up location has not been well developed in this economy.
The seller is an absentee owner frequently out of the country with another business. The site operators have no vested interest to make a good return at these locations. The business needs a new owner ready to step in, pay attention to the business and to ride back with the economy.
About the Business
Year Established:2005
Facilities:Both locations are near mall FOOD COURTS. Both are in very high visibility entrance locations. Both have exceptionally high quality new wood paneled front service areas.
Market Outlook and Competition:In this economy all retail is under performing. Buying a quality business at a low price now is a good deal because many forecast we have hit the bottom and business will climb from here.
About the Sale
Management Training and Support:Seller will assist with training. The franchise company requires and will provide 2 week training at their site as well as long term support.
Reason For Selling:Seller owns other franchises at other locations and is liquidating thes and all others to free his time for a new larger international marking business.
Seller Financing:Asking price is for a buyer who will close in 2 months, $50,000 more if longer to close. Seller will finance a qualified buyer with 50% down. $275,000 is the price for a cash buyer taking both locations. Seller will accept offers for either location purchased separately. At this heavily reduced pricing the $10,000 transfer fee required by the franchise is the responsibility of the buyer.
KEYWORDS: Absent Owner, Seller Financing, Training, Ice Cream, Franchise, growth opportunity
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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