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For Sale: Fast Food Ice Cream Restaurant - Established 30 Yr - , California

$1,200,000.00

Asking Price

  • Status: Active

  • Posting ID: 287244

  • 11/5/24

 Fast Food Ice Cream Restaurant - Established 30 Yr Business For Sale

Description

Northern Californian Soft Serve Ice Cream and Fast-Food Restaurant Franchise - SC2185

Financial Information
Asking Price: $1,200,000
Cash Flow: $325,000
Gross Revenue: $1,400,000
Down Payment: $900,000
 
This Northern Californian Soft Serve Ice Cream and Fast-Food Restaurant is a California Limited Liability Company that has been in existence for 30 years and under current ownership for the past 20 years. This location is part of 7,000+ Worldwide franchises in over 20 countries with the Franchisor founded in 1940 and franchising since 1944. Not only does this location offer soft serve ice cream, but they also offer burgers and sandwiches, chicken baskets, snacks, sides & salads. They also offer a rewards program and kids meals. Franchisor approval will be required for the Buyer.

There is essentially no competition in the local surrounding area. This location is equipped with a full drive through. This is a very strong, longstanding franchise and highly regarded in the neighborhood with strong loyalty and local customer base.

Business Location
City: Northern California
State: California

Reason for Sale
The reason for selling is the Seller would like to retire.

Detailed information
Year Established: 1994
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Part-Time Employees: 20
Contractors: N/A
Owner Worked Hours/w: 40
Adjusted EBITDA: $275,000
Inventory Included: Yes
Inventory Value: $10,000
Monthly Rent: $8,500
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1800
FF&E Included?: Yes
FF&E Value: $100,000

Training/Support
The Seller is willing to train the new Owner for up to 2 weeks at 30 hours per week. Additional training from the Seller may be available at mutually agreed upon compensation from the Buyer to the Seller.

Market Outlook/Competition
The global ice cream market size was valued at $79 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. Factors such as the rising demand for innovative flavors, types, and the rising demand for impulse ice creams such as cones, sandwiches, and pops in developing countries are expected to drive the market growth.

Real Estate Description
They operate out of 1,800 square feet with monthly rent of $8,500 per month on a NNN lease. The lot size is 21,149 square feet that is paved, landscaped and has necessary signage. This large lot size provides ample parking at the location. They recently completed a renovation with approximately $400,000. No remodeling required. Since the Sellers own the property, they can work with a Buyer on a new lease.

CA 02100708
NV 1003039

To get more information about this Fast Food Ice Cream Restaurant - Established 30 Yr business for sale in please phone Adriana Sargent (Intermediary - BRE License #:02100708) at 408-981-7799 Call and 408-981-7799 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #287244 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Fast Food Ice Cream Restaurant - Established 30 Yr, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers of Sacramento.

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Contact

  1. Name: Adriana Sargent
  2. phone iconPhone: 408-981-7799 Call
  3. phone iconPhone: 408-981-7799 Text

Details

  1. Asking Price: $1,200,000.00

  2. Down: $900,000.00

  3. Cash Flow: $325,000.00

  4. Revenue:    $1,400,000.00

  1. Area:

  2. City: None Given

  1. Attributes:

    Broker CooperationTraining & SupportOwner/Seller FinancingExisting Franchise

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Related Links & Information Regarding This Posting

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