Frozen yogurt shop, Established, profitable, busy center

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Frozen yogurt shop, Established, profitable, busy center
Asking Price:
$178,000

Gross Revenue:
$276,500
Cash Flow:
$80,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Well established yogurt shop in a very busy center of North County
Excellent location
Building size : 1200+ sqft
Rent : $ 5400/ month including CAM
Lease until August 2021, Option 5 years. Rent deposit : $5000
Employees : 1 Full-time pays $14/ hour
4 Part-time pay $12/ hour
Gross sale : $276,500

Store manager is making $14/hour ($30-$35k/year). Current Cash flow is approximately $50k, owner operated income is $80-$85k working full time.

About the Business

Location:
San Diego, California
Number of Employees:
5
Facilities:
Well established frozen yogurt shop in a very busy center. The shop is located in an affluent neighborhood of San Diego with many loyal customers. Great central location, near schools, homes, and park. The business is surrounded by an area of high income, with families who have larger than average disposable income. Very simple business to run with few employees. Ideal for any new owner.

With hot summer months and many more hot days throughout the year in San Diego, this location will entertain many customers. All equipment are top of the line and in great working condition. 6 Taylor machines, 12 Flavors and 45+ toppings. A new exhaust and mini-split was recently installed in the backroom to save on energy
Market Outlook/
Competition:
Pros : Exhaust and mini split installed in the backroom to save on electricity
Growth & Expansion:
This store has great potential for increase sales and expansion. Adding Boba tea, smoothie/juice and 3rd party deliveries will definitely help increase sales and revenue. Current owner is completely absentee and does not spend time at the store. He purchased a wireless business and a 7-Eleven last year and is completely devoted to those businesses full time.
3rd party delivery : Ubereats, Postmates, Doordash, School, sports, community involvement
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About the Sale

Reason For Selling:
Bought a Wireless Business and a 7-Eleven last year. Working full time at thos
Training/Support:
Yes

Listing Info

ID:
1636088
Ad Detail Views:
0

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Business Listed by

SEAN LINCH

BuySell Inc.
License# 123456

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