Profitable Owner-Absentee Franchise Ice Cream
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Background
| BizEx ID: | BizEx965-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: | 12 years |
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| Under Present Owner: | 8 years |
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| Hours of Operation: | M-Sun 11 am to 10 pm |
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| Owner Hours: | 15 hrs/week or less |
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| Training: | 1 weeks @ 20 hours |
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| Organization Type: | |
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| Lease Expiration: | 2018 |
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| Lease Options: | 1 @ 5 years |
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| Building Size: | 965 |
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| Employees: | 12 |
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| Reason for Sale: | Moving out of state |
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Financials
| Asking Price: | $470,000 |
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| Down Payment: | $470,000 |
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| Gross Sales: | $540,000 |
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| Discretionary Cash Flow: | $154,000 |
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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: | $5,244 |
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| Payroll: | $8 |
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| Financing: | SBA |
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|
2014 | 2015 |
| Gross Sales |
$ 556,000 | $ 540,000 |
| Gross Profit |
$ 435,000 | $ 427,000 |
| Disc. Earnings |
$ 157,000 | $ 154,000 |
