Motivated Seller-prime State St. Corner Location

Santa Barbara, CA
Santa Barbara County

Asking Price: Annual Revenue:
$65,000 $317,940

Food & Beverage: Coffee, Cafe, Dessert

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RE: Motivated Seller-prime State St. Corner Location Broker: Steve Zimmerman

Quick Facts

Asking Price: $65,000
Annual Revenue: $317,940
Net Profit: Not Disclosed
Cash Flow: $46,800
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 977311533
Broker Reference #: 2822

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Business Overview:

Motivated Seller-prime State St. Corner Location W/heavy Traffic-yogurt Franchise Or Your Concept

RRC#: 2952
Asking Price: $65,000
Location: Santa Barbara, Santa Barbara County, California
Yearly Revenue: $317,940
Yearly Cash Flow: $46,800
Monthly Rent: 8300 with triple net

Perfect for an operator wanting strong exposure and high foot traffic. Seller is currently operating a national franchise yogurt shop but the seller can cancel the franchise agreement to allow for a new or different concept. It is located on a major street surrounded by shopping, dining and entertainment with heavy foot traffic. The owner is absentee and the store is run by a strong, experienced manager with ample training. Sales records are verified by franchise software and corporate POS system. The equipment is well maintained and in good working condition. Training is offered thru corporate. Franchise transfer fee is approx $3500-$5000. Royalty fees are 6% on sales and 2% for advertising. Lease is offered thru a corporate sublease. Fully equipped. Seller currently has two locations for sale.

Organization: LLC | Year Established: 2016 | Current Owner: 2016 | Parking: Public lots | Licenses Required: Health Dept, Dairy, City License | Days Open/Hours: Sun-Thurs 12PM-10PM, Fri-Sat 11AM-11PM | Reason For Sale: Other Interests |

Yearly Revenues: $317,940 | Yearly Cash Flow: $46,800 |

Monthly Rent: 8300 with triple net | Lease Expiration: Oct 2018 | Lease Option: Yes, 5 year | Security Deposit: Yes |

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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