Owner-Absentee Ice Cream Franchise by Beach
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Background
| BizEx ID: | BizEx956-MS |
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| General Location: | Los Angeles, CA |
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| Category: |
Other Eating & Drinking Places
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| Years in Business: | 15 |
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| Under Present Owner: | 6 |
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| Hours of Operation: | M-Sun 11 am - 10 pm |
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| Owner Hours: | none |
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| Training: | None |
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| Organization Type: | |
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| Lease Expiration: | |
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| Lease Options: | 1 at (5) years |
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| Building Size: | 1,100 |
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| Employees: | 10 |
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| Reason for Sale: | Focusing on other businesses |
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Financials
| Asking Price: | $425,000 |
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| Down Payment: | Negotiable |
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| Gross Sales: | $553,023 |
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| Discretionary Cash Flow: | $133,700 |
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| FF&E: | |
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| Inventory Included? | |
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| Inventory: | |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $9,800 |
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| Payroll: | $8 |
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| Financing: | SBA |
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|
2013 | 2014 | 2015 |
| Gross Sales |
$ 429,519 | $ 521,496 | $ 553,023 |
| Gross Profit |
$ 320,531 | $ 388,279 | $ 414,168 |
| Disc. Earnings |
$ 77,286 | $ 128,846 | $ 133,748 |
