Specialty Ice Cream – Mall Location
For Sale in Los Angeles South Bay, CA
Financial & Assets Details
About the Business
PRICE REDUCTION PRICE REDUCTION
Popular Franchise Ice Cream Franchise Store located in new section of Major Mall in Los Angeles South Bay. Business serves Pop-Bars, Gelatto, sorbet, yogurt pops, shakes and coffee. Business is located by a Main Entrance by a Popular Restaurant and Macy's Retail Store. Store was built in 2016 at a initial cost of about $300,000---all equipment was new and beautifully decorated. Sales and Profit were increasing and then owner learned their son was ill and they have run the store absentee throughout 2018. Sales have dropped off slightly since no one is pushing catering sales. Sales in 2017 were $537K and profit was about $100K. The business currently has 2 full time and 8.part time employees. This is a great opportunity for someone to take over and re-energize the business at a reasonable price. There is lots of growth potential for much higher sales. The Franchisor is constantly working on new menu items to be introduced. Royalties are 6% and Advertising is 2% of gross, There is a transfer Fee of $20K which Seller offer to split with Buyer. Training will be 2 weeks in NYC and on-site by Franchisor. SELLER IS ANXIOUS --
MUST SELL!!! --- BEST OFFER TAKES IT!
Growth & Expansion
Business is currently 100% Help Run, On-Site Management will increase Sales and can grow Catering portion of business.
Established Franchise with Royalties of 6%, and Advertising 2%, Transfer Fee $20,000 ( Split 50/50 Buyer/Seller,
Business has exclusivity for this portion of the Mall.
Business is located by a main entrance to the Mall along side of a popular Restaurant and Macy Department Store.
Support & Training
Franchisor and Seller will provide Training
Reason for Selling:
Family Health Issue forces Sale