Dairy Queen & Orange Julius in a Mall location; 4+ years old; Price is $235,000. Good Credit: Finance with $125,000 Down.
This award winning, Dairy Queen & Orange Julius franchised store was opened in June 2006. Dairy Queen & Orange Julius are owned by Berkshire Hathaway, Inc. which is a famous Warren Buffet owned conglomerate. The business is located in the Hanover Mall which is a one story, enclosed shopping mall with 80 shops and restaurants, including Macy's, Sears, J.C. Penney and Wal-Mart. The mall was built in 1971 and renovated in 1999. The mall was recently purchased by new owners who are expected to institute aggressive marketing and promotional campaigns.
Annual revenues for 2009 were $320,182. Revenues for 2010 should be about the same. The current owners (husband and wife) work 20 Hours/Week +/- each. A working owner who worked more than this could increase their income by reducing employee hours.
The owners invested $325,000 to open this store. Now that they have built sales to $300,000+ /Year they must sell it at a loss because of other business obligations (Husband is a TV Weather Reporter).
This store combines Dairy Queen & Orange Julius to offer customers a unique choice of ice cream products and snacks. This location has protection from competitors under the terms of its 6 year (renewable) Commercial Lease.
The Franchise Agreement is 15 years with a 15 year renewal option *subject to the terms of the Dairy Queen Treat Center Operating Agreement. This Dairy Queen & Orange Julius Franchise Business combines easily recognized brand names with a location poised for increased consumer presence.
A working owner can not only reduce the payroll cost but also should reap the rewards of the new mall ownership's marketing efforts.
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Property Features and Assets:
It is located in the Hanover Mall which is a one story, enclosed shopping mall with 80 shops and restaurants, including Macy's, Sears, J.C. Penney and Wal-Mart.
This is a mall based Dairy Queen & Orange Julius franchise store fully equipped and operational. All equipment required to operate the business is included.
Market Competition and Expansion:
The store is located at the Wal-mart end of the busy Hanover, MA Mall. This is the busiest part of the mall. It is possible that mall ownership may pay to move this DQ to a "center court" location at the mall. This generous offer is based on a possible expansion of Wal Mart. Center Court is the most desirable location in the mall. If the move were to occur, it would happen with no disruption to business at the current location and would mean you would own a brand new store located in prime space at no additional cost to you. Contact broker for more information.
The owners invested $325,000 to open this Dairy Queen / Orange Julius Store. They have grown the sales from $0.00 to $320,000/Year and are willing to sell at a loss due to other business commitments. Once the economy recovers, the owners believe the store should generate sales of $8,000 - $10,000/Week.
Reason for Selling:
Other business obligations.
- 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.