Business Overview:
Listing # - 4859 WP
Long Established Baskin Robbins Franchise Ice Cream Store Located in South Orange County.
Consistent Store with Increasing Sales and Profits.
Great News! Biggest competitor (Yogurtland) next door has recently closed permanently! This store stands to benefit very much by way of sales and staffing!
Great area to work and live. Upscale neighborhood, easy to manage store, loyal customers.
Recent upgrades include new POS system ($2K) and Air Conditioner ($15K).
Long Established Baskin Robbins Franchise Ice Cream Store Located in South Orange County.
Consistent Store with Increasing Sales and Profits.
Great News! Biggest competitor (Yogurtland) has recently closed permanently! This store is benefiting very much by way of sales and staffing!
Great area to work and live. Upscale neighborhood, easy to manage store, loyal customers.
Recent upgrades include new POS system ($2K) and Air Conditioner ($15K).
Current franchise agreement good through 3/31/2023. Franchiser will require a remodeling update to the store with renewal/extension of the Franchise Agreement, estimated costs over the course of a year may be approximately $100,000+ (Asking Price has been reduced to accommodate the remodel expense.)
Seller has just recently signed a new lease extension which starts in March 2023, rent schedule per month: Years 1) $5500; 2) $5775; 3) $6050; 4) CPI 4%-6%; 5) CPI 4%-6%.
8000+ Franchisees Around the World. Ongoing Franchise Royalty = 5.9% + Ad Fund 5%.
Training Overview: The training program is 15 days + online training. Training consists of 5 days of Foundations Training and 5 days Dessert Operations training both at Dunkin Brands University (DBU) in Braintree, MA.
Additionally, 5 days of Restaurant operations training in a designated training Restaurant. Plus, 16 hours online classes to be taken during the course of training. Franchise Training and Transfer fees vary from store to store with $7,500 base fee. (The current training protocol may be different due to COVID. More online and remote training is being utilized.)
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Reason for Selling:
Family Circumstances
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.
Documents:
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