Owner Financing is Available!
Business Overview:
Truly turn key; Immediate potential to increase earnings by $40,000 per year. This is a well-established franchisee of a nationally recognized premium ice cream brand. There are over 250 franchised Ice Cream Shops in their network. This one opened in 1995 and is therefore well-established. It is located at the second busiest location in the Mall with millions of visitors annually going to this Mall. It is difficult to find a better location anywhere in the Northeast. Sales have been steady during the past several years even during the recession. The shop also was renovated in January 2006 to bring it up to current standards for new franchise store. Also the store added a new POS system during 2010 to be compliant with the franchsie standards. Included in the sale price are the rights to the lease, the rights to the franchise, and all the Furniture, Fixtures and Equipment, initial inventory, a Seller Non-compete agreement as well as training. This is an outstanding opportunity to buy a profitable, nationally recognized franchise business located in a top Mall location at a very attractive price. Good seller financing. Franchisor requires Buyer to have a minimum net worth of $200K (excluding home equity) of which $80K must be liquid.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business leases approximately 1000 sq. ft. at one of the busiest Regional Malls in the country. Rent is $10,800 per month, includes base rent and Common Area expenses. Location ensures steady customer flow and requires minimal advertising as a result of high traffic location. Millions visit this mall annually.
Market Competition and Expansion:
This is the only premium brand ice cream in the mall.
Growth and Expansion: Potenital to add $40,000 in earnings immediately.
In addition, sales can be increased by adding a corporate catering program as other stores in the franchise network do.
Reason for Selling:
After 10+ years, Seller wants carreer change
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.