Hershey's Shake Shop Express Providence, RI - Providence Place Mall!

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Rare Opportunity!
Asking Price:
$1,200,000

Gross Revenue:
$1,273,307
Cash Flow:
$494,501
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Offering delicious Hershey's ice cream, sundaes and milk shakes along with refreshing lemonades, fruit smoothies, power blends, green blends, frozen coffee and chocolate drinks. As well as, angus beef burgers, tasty quesadillas, premium wraps, garden fresh salads, chicken sandwiches and more. Plus sides.

Simple operation - counter service. Food court seating.

A franchise, but no royalty, advertising or transfer fees!

Location: Prime retail space in the food court of Providence Place, a 1,400,000 sqft shopping mall anchored by Macy's and Boscov's (Fall 2019) along with more than 140 quality retailers, plus a Dave & Buster's and IMAX/16-screen movie theater.

Other popular eating & drinking establishments in the food court include Fuji Chen, Little Tokyo, Popeye's, Ruby Thai, Dunkin Donuts, Honeyfish Poke, Charley's Philly Steaks, Villa Pizza, Taco Bell, Fuji Cajun and Johnny Rockets.

Rhode Island's ultimate shopping, dining and entertainment destination. The best mall in Providence. The largest shopping mall in RI!

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not discuss with patrons or employees.

If interested, contact EatZ for more information. Showings by appointment only.

Listed By Tami Hillier at EatZ & Associates

About the Business

Year Established:
2017
Number of Employees:
2 Full & 6 Part
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,000
Rent:
$10,500.00 Per Month
Lease Expiration:
12/17/2022
Facilities:
Leased space $10,500/mth. Current lease expires Dec 2022.

Square Feet: 1,000.

Seating: Food Court.

Days/Hrs of Operation: Mall Hours = Mo-Sa 10a-9p & Su 11a-6p.

FF&E: Included In Asking Price
Website:
www.hersheyicecream.com
Market Outlook/
Competition:
America's favorite. Hershey's, a recognized brand name and premium quality product that attracts and retains more customers. Premium ice cream, made with real ingredients.

Hershey's makes all of their ice cream from fresh, wholesome ingredients. Fresh cream and fresh condensed milk is delivered to their plant on a daily basis. To ensure superior quality, uses pure vanilla extract, the highest quality of cocoa available, fruit flavors made from hand-picked, fresh-frozen fruits and high grades of almonds, pecans & walnuts roasted in their own plant to guarantee freshness and quality!

For over 100 years, Hershey's has strived to guarantee quality products, provide excellent service, establish competitive prices and provide a true value to the customer.
Growth & Expansion:
The Hershey Creamery Company was founded in 1894 by Jacob Hershey and his four brothers. From convenience stores to parlors, pre-packaged to hand dipped, Hershey's Ice Cream makes a wide range of products that are available in more than 18,000 stores located in 28 states.
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About the Sale

Reason For Selling:
Other interests
Training/Support:
10 days.
Seller Financing:
No

Listing Info

ID:
1592483
Ad Detail Views:
0

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Business Listed by

Tami Hillier

EatZ & Associates

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Sponsoring Broker:

Tom Traina
EatZ & Associates
License# 475175390

U.S. Census Data for Providence County, RI
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Providence County, RI
Income

Education

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

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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