Albuquerque’s Iconic Frozen Yogurt, Gelato & Sorbet Shop for Sale

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Asking Price:
$250,000

Gross Revenue:
$404,630
Cash Flow:
$56,228
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,500
included in asking price

FF&E:
$126,667
included in asking price

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Business Description

New owners will walk into a true turnkey, professionally managed business featuring products with broad mass appeal. This is a well-known brand closely associated with Albuquerque. All the systems, protocols, staff and brand recognition are in place to support new owners. The Seller works about five hours a week in the business, mostly from home.

Olo Yogurt Studio is an independent, self-serve frozen yogurt and gourmet treat shop. Since opening in in 2010, it has become a popular Nob Hill destination.

In addition to self-serve frozen yogurt, Olo offers gelato, custard, sorbet, and ice cream. Pre-packed pints, beverages, and logo gear are also available. With over 50 toppings, customers create their own unique treat.

About the Business

Year Established:
2010
Number of Employees:
1 FT, 7 PT
Real Estate:
Leased
Building Sq. Ft.:
1,282
Lease Rate/Sq. Ft./Mo.:
$2.56
Lease Expiration:
4/30/2020
Facilities:
Located in Albuquerque’s popular Nob Hill, a historic neighborhood known for its eclectic locally-owned retail, brew pubs, coffee shops, live music venues, and fine dining restaurants. Near the UNM campus, it is frequented by college students, professors, professional, families and visitors to the area. The award-winning branded interior features $146,000 in leasehold improvements.
Market Outlook/
Competition:
Olo Yogurt Studio offers Albuquerque residents and visitors a unique experience. Patrons get more bang for their buck, support a business active in the local community, and enjoy a quality, rotating selection of frozen desserts.
Growth & Expansion:
An engaged owner who works part or full-time in the business can expect to see the cash flow increase. Once Albuquerque’s Area Rapid Transport (ART) project is completed, it should bring more visitors to the downtown area.
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About the Sale

Reason For Selling:
The Sellers will focus on other, non-competing interests.
Training/Support:
Sellers will negotiate a training and transition period. In addition, new owners will also be supported by an excellent staff with high morale.

Listing Info

ID:
1440008
Ad Detail Views:
2501

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Business Listed by

Michael Greene

Sam Goldenberg & Associates

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U.S. Census Data for Bernalillo County, NM
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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