LOWER PRICE! Denver Ice Cream Franchise, 90% Absentee Owner, Turnkey

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Well Established, Reliable Employees, Great Manager, Fun to Own
Asking Price:
$415,000

Gross Revenue:
$485,000
Cash Flow:
$152,000
EBITDA:
$152,000
Inventory:
$13,000
not included in asking price

FF&E:
$50,000
included in asking price

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Business Description

ICE CREAM FRANCHISE
POPULAR DENVER METRO MALL

2017’s revenues were $485K with adjusted earnings of $152K. The revenues and earnings were up compared to the previous year. 2018 is showing numbers slightly below 2017 through June 30 2018 and we have adjusted the price down from $445K to $415K accordingly.

The sales price is only $415K plus inventory which is less than 3 times the earnings when 4 times earnings is a normal multiple for a National Franchise that has proven successful over time. This is considered a turnkey Franchise that is well established in its reputation, products, and is still growing nationwide. This is a 40 year old Franchise that offers detailed training so the buyer and/or manager doesn’t need any experience. The training does cover all aspects of the business. Plus, there are no required licenses or certifications for the State of Colorado other than a sales tax license.

This is a perfect business for a family with younger family members that want a safe environment to work and gain many valuable experiences including managing employees, handling both cash and credit cards, managing inventory, showing up on time, etc. Many people start their resumes in the retail or food industries. This offers the ability to demonstrate even greater responsibilities which will help deepen a resume while teaching entrepreneurial skills that are very valuable also.

This has a lease has 7 years left on it with excellent terms in one of the top malls west of the Mississippi.

The buyer will get approximately $50K in current value hard assets made up of mostly equipment. The leasehold improvements cost over $200K.

The seller is asking for $415K plus inventory estimated to be $13K and is so confident in its location, the seller will carry up to 35% of the sales price. The seller will be keeping his cash and will pay off all debt including the accounts payables so that the business transfers debt free. It is an LLC so this can be either a stock or an asset sale.
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Brief Overview and Deal Points:

The buyer will step into a turnkey Franchise that also has upside growth potential. This franchise offers only the highest quality products that have all been developed and tested and are proven winners along with healthy options including yogurt and GMO-free options.

The owners are partners who are absentee. They work less than 5 hours a week checking the security camera during busy hours for theft and checking the deposits etc. One of the owners will help to transition the business and teach the new owner how to run the business and how to grow it. One of the great things about this Franchise is that they will not change one bit the day after the closing. The owner will be able to smoothly take over this Franchise by taking one or more of the Franchises classes and by working with one of the current owners for a week or two in transition.

The Franchise will deliver their custom made products as needed. They offer some of the most popular products in the industry.

The business has very capable, trustworthy, well trained, and reliable employees. They are paid hourly. The manager has been there for almost a year and will stay post closing. You must talk directly to the owner about this and not to the manager. This mall is in one of the safest places in Denver which is a very safe city to begin with.

The lease is 197 Store Square Feet plus 300 square feet of closet space. The lease is $6,000 per month all inclusive which already includes the CAM, etc. Lease was effective April 1 2015 for 10 years.

They have a great reputation and have had no issues, no lawsuits, and no issues with the city, county, or municipality that they are in. They are A+ rated with the Better Business Bureau with ex

About the Business

Year Established:
2015
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
497
Lease Rate/Sq. Ft./Mo.:
$6,000.00
Facilities:
The lease is 197 Store Square Feet plus 300 square feet of closet space. The lease is $6,000 per month all inclusive which already includes the CAM, etc. Lease was effective April 1 2015 for 10 years.
Market Outlook/
Competition:
This is considered a turnkey Franchise that is well established in its reputation, products, and is still growing nationwide. This is a 40 year old Franchise that offers detailed training so the buyer and/or manager doesn’t need any experience.
Growth & Expansion:
The buyer will step into a turnkey Franchise that also has upside growth potential. This franchise offers only the highest quality products that have all been developed and tested and are proven winners along with healthy options including yogurt and GMO-free options.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
The owners are partners who are absentee. They work less than 5 hours a week checking the security camera during busy hours for theft and checking the deposits etc. One of the owners will help to transition the business and teach the new owner how to run the business and how to grow it. One of the great things about this Franchise is that they will not change one bit the day after the closing. The owner will be able to smoothly take over this Franchise by taking one or more classes and by working with one of the current owners for a week or two in transition.
Seller Financing:
20

Listing Info

ID:
1493522
Ad Detail Views:
1815

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Business Listed by

Jeff Chapman Eisnaugle

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Paul Olsen
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License# ER.040043531

U.S. Census Data for Adams, Arapahoe, Denver and Jefferson Counties, CO
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Adams, Arapahoe, Denver and Jefferson Counties, CO
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Source: American Community Survey (2010-2014), United States Census Bureau.

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