Profitable Froyo shop in great location! Peak Season about to start!

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Established fun business to run with low overhead. True turn key!
Asking Price:
$60,000

Gross Revenue:
$210,000
Cash Flow:
$33,600
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

Sales are up 31% true turn key! Great acquisition opportunity for an owner/operator to
own this rewarding business with low overhead, Located at Peninsula Town Center in Hampton where all the action is!
Simple franchise business model proven to be very successful. Starting one from the ground up would cost more than double. Even though this location has been operating with very little marketing and without proper efforts to get established in the community, sales keep rising. A local franchisee can increase sales fairly quickly.
All equipment, full training & support from Franchisor and a protected territory is included.
Seller owns 3 other locations and lives out of town, they've been unable to give this location enough attention.

The Skinny Dip Frozen Yogurt Bars have loyal customers and reputation for its high-quality treats and great service. Fun & friendly environment and the best froyo everyone loves!
The Skinny dip is always looking to increase revenues for its owners, adding options to better serve their loyal customers, and are now serving smoothies! In addition to cupcakes, floats, gelato, coffee and more.
The Skinny Dip has been serving delicious & nutritious treats ever since opening the first location in May 2008.. It has quickly become a household name and the favorite of families all across the 757 and MARKET LEADER!
Voted Hampton Roads Magazine’s Best of 757, Virginia Living Magazine Best Dessert, Coastal Virginia Magazine Best Ice Cream/Frozen Yogurt as well as the Virginian Pilot Newspaper Best of the Best!

The Skinny Dip carries premium yogurt flavors made with only the finest ingredients to suit the needs of all of its customers. A variety of flavors which always include non-dairy and low sugar options. There are also over 60 toppings on the toppings bar which range from fresh cut fruit to nuts, candy and cereal.

About the Business

Location:
Hampton, Virginia
Year Established:
2017
Number of Employees:
6
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,432
Rent:
$3,072.00 Per Month
Lease Expiration:
9/30/2022
Facilities:
Facility is very spacious and with customer waiting area. Busy shopping area. All equipment is included.
Website:
ilovetheskinnydip.com/
Market Outlook/
Competition:
Market leader and Prime location! The frozen yogurt industry offers a dynamic array of flavors and experiences and is a sought-after dessert treat in it’s own right. In fact according to a recent survey by Statistic Brain, nearly 80% of American consumers prefer frozen yogurt to ice cream, gelato and other popular frozen treats. Business has been booming for the past decade, driven by strong consumer interest in healthier dessert alternatives and innovative product offerings. While we are now starting to see some consolidation among the many chains that have risen to take advantage of strong demand, opportunities still abound for the entrepreneur.
Growth & Expansion:
Frozen Yogurt continues to expand market share as a healthy alternative to ice cream. A fun and affordable family destination for - Relaxed family desserts -Celebrating a sports game win or loss -After movie treat -Impulse craving after shopping -Quality products and great variety of options including cupcakes, gelato, floats and more...Healthy options, One Stop Shop for Sweets with affordable prices.
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About the Sale

Reason For Selling:
Seller owns 3 other locations and lives out of town, unable to give attention
Training/Support:
Full initial training and ongoing training provided by Franchisor.

Listing Info

ID:
1625876
Ad Detail Views:
0

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Business Listed by

Yeliv-Jill Adams

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