Top Tier Income Yogurt Shop in Booming High Growth

Not Disclosed, SC
Lexington County


Asking Price: Annual Revenue:
$399,000 $523,451

Food & Beverage: Coffee, Cafe, Dessert


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RE: Top Tier Income Yogurt Shop in Booming High Growth Broker: Barry Johns

Quick Facts

Asking Price: $399,000
Annual Revenue: $523,451
Net Profit: Not Disclosed
Cash Flow: $123,543
Total Debt: Not Disclosed
FF&E: $110,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 8
BBN Listing #: 694855468
Broker Reference #: 66448-329675

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Business Overview:

Your golden opportunity to acquire an established, turnkey and profitable business with tremendous community following and well trained staff. This business is a highly recognized dessert and party destination in a booming suburb of Columbia. *No Restaurant Experience Required By Franchisor*.

Shop guests enjoy the Mix, Weigh, Pay method of self-serve frozen yogurt fun by helping themselves to franchise specific flavors and fresh toppings. The store has a stellar reputation due to their constant involvement in key community events and fundraisers. This particular franchise location maintains a 4.5 star internet review rating and has won many ‘Best Of” awards from their leading community magazine.

This location is adjacent to several big brand stores and chain restaurants. Visibility of store front and outdoor patio from the main road is fantastic. This centrally located shop has a super-convenient traffic light entrance with ample parking for customers. 2017 traffic counts were 36,000 or more vehicles per day.

1st Quarter 2019 sales are up 18% over 2018 while profits are up 54%. Revenue and cash flow listed are from 2018. A buyer’s return on investment is quickly achievable with this manageable and high cash flow global franchise location.

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Property Features and Assets:

The facility has approximately 1800 square feet with a bonus large outdoor seating area and favorable lease terms. Lease has a 5 year option Business was started in 2012 by the current husband and wife team and has grown tremendously every year since. The couple invested in a large Franchise spec build out and purchased all new equipment and furnishings resulting in a very attractive and fun space. They also went beyond the standard store design and added an extremely functional outside patio and private indoor party room. The Franchise concept focuses on a family friendly environment with music played from their licensed satellite radio station. The space is free of TVs to allow guests to enjoy more genuine interactions with their friends and loved ones. The owners have applied tremendous effort into the business, making it a magnet for families and children in the community. They ensure that every team member delivers and reflects the company's vision statement of “We Make You Smile”. They have been featured in Lexington Life Magazine as Area Leaders and have their annual National Frozen Yogurt Day promotion mentioned on WIS News 10 Sunrise (local NBC). They have won numerous “Golden Spatula” Awards by WLTX News 19 (local CBS) for receiving perfect 100% Health Department scores. 4.7 out of 5 Stars on over 250 Google reviews. Best Of Lexington Life Magazine 2014 – Best Frozen Yogurt 2016 – Best Dessert 2016 – Best Frozen Yogurt 2018 – Best Frozen Yogurt 2019 – Best Place For A Birthday Party 2019 – Best Frozen Yogurt

Market Competition and Expansion:

Menchie’s Franchise has over 400 stores Nationally as well as many Internationally making it the Largest Self Serve Frozen Yogurt Company Globally. They have been featured on two episodes of Undercover Boss and their brand is easily recognizable due to their logo being seen on popular TV shows such as “Keeping Up With The Kardashians”. This location was rated in the top 10% of all stores Regionally (Florida, Georgia, Mississippi, Louisiana, Tennessee, North Carolina and South Carolina) as well as top 10% of all stores Nationally. Menchie’s Marketing efforts are extensive and revolve around featured flavors co-promotion with large name brands like Oreo and Hersey. The franchise also markets unique cups and spoons with large release family movies like Angry Birds and Ice Age. Potential Growth The restaurant is on a heavily traveled section of HWY 378 (Sunset Blvd.) and benefits from direct visibility of guests enjoying patio seating with umbrellas and fire-pit. It is close to the junction of HWY 1 and HWY 6 in Lexington. The store is surrounded by other tenants such as Wal-Mart, Home Depot, Chic-Fil-A and Starbucks. Rapid development of this area is evident in the high count of new schools and vast neighborhood construction. This prime location is half way between Lexington High, White Knoll High and River Bluff High schools. Lexington is a suburb of Columbia with a three mile population over 30,000 and average household income of $96,486. This area lies in a favorable location between Interstate 20 and the southern banks of beautiful Lake Murray. Lexington County is one of the fastest growing counties in the state and has been voted one of the best places to live in South Carolina. Living in Lexington offers a safe, suburban feel and most residents own their homes. The increasing number of young families moving to Lexington has fueled a revival of local parks and community facilities like the new Ice House Amphitheater. Many families and young professionals live in Lexington since the cost of living is affordable and public schools are highly rated. Showing Instructions Contact Agent Showing Comments Contact Agent , Please do not Contact Franchisor, Customers, Employees, Competitors, Vendors or Suppliers. Broker will coordinate all requested information and will accompany prospective buyer at all site visits.

Reason for Selling:

Family

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.

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