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Absentee-Owner Popular Northern Californian Ice Cream Restaurant Franchise - SC2194
Absentee-Owner Popular Northern Californian Ice Cream Restaurant Franchise - SC2194
Asking Price: $124,500
Cash Flow: On request
Gross Revenue: $450,000
Down Payment: $124,500
This Northern Californian Ice Cream Restaurant Franchise is a California Sub-Chapter S Corporation that has been in existence for 31 years and under current ownership for the past 19 years. This location is part of almost 8,000 franchises across the globe with the Franchise being founded in 1945. This franchise is the world’s #1 chain of dessert and ice cream serving almost 1,500 flavors. This is an absentee owner business, and with the right attention by an owner could bring tremendous growth and profitability to the business. The franchise agreement currently extends to 2027.
Business Location
City: Northern California
State: California
Reason for Sale
The reason for selling is the Seller would like to pursue other interests.
Detailed information
Year Established: 1993
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 2
Part-Time Employees: 8
Contractors: N/A
Owner Worked Hours/w: 2
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $12,000
Monthly Rent: $3,645
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1330
FF&E Included?: Yes
FF&E Value: $30,000
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.
CA 02100708
NV 1003039
Listed By: Jane Roberto
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Background information
Reference:
SC2194
Year established:
1993
Reason selling:
The reason for selling is the Seller would like to pursue other interests.
Finance
Sales:
$450,000
Operations
Employees:
Full-Time Employees: 2 Part-Time Employees: 8 Contractors: N/A
Equipment:
FF&E Included?: Yes FF&E Value: $30,000
Inventory:
Inventory Included: Yes Inventory Value: $12,000
Furniture fixtures and equipment:
FF&E Included?: Yes FF&E Value: $30,000
Premises
Facility:
Real Estate Available: No Real Estate Included: No Real Estate Value: N/A Building Size: 1330 FF&E Included?: Yes FF&E Value: $30,000
Square footage:
1330
Rent and lease terms:
Monthly Rent: $3,645
Location:
Business Location City: Northern California State: California
Opportunities
Growth:
This is an absentee owner business, and with the right attention by an owner could bring tremendous growth and profitability to the business. 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.
Market:
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.
Price and terms
Price:
$124,500
Down payment:
$124,500
Financing:
Seller financing is not available at this time.
Training:
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.