Listing ID: 80880
2 SELF-SERVE FROZEN YOGURT SHOPS: These 2 self-serve frozen yogurt shops have been in operation since 2010. One location is 1,380 sq. ft. with 1 year left on the lease and the other location is 1,080 sq. ft. with 5 years left on the lease.
-One shop is within a mile of 2 high schools surrounded by residential homes and the other shop is in a high-traffic entertainment complex.
-These are the only self-serve frozen yogurt shops in their area. Their main product sold is frozen yogurt and lots of favorite toppings.
-Both locations are independently owned so there is no franchise fees or other commitments.
-Both stores are clean and spacious with lobby/seating areas as well as outdoor seating with tables & chairs.
-A nice place to take the kids for a treat. It gives them a chance to pick and choose all their favorite yogurt flavors, toppings, and they have places to sit.
-All equipment and furnishings are included in the sale and are in good condition.
Prospective Buyers must sign a Confidentiality Agreement as well as provide “Proof of Funding”.
This would be a great opportunity for a Husband & Wife “Team”!
- Asking Price: $399,500
- Cash Flow: $118,225
- Gross Revenue: $382,897
- EBITDA: N/A
- FF&E: $117,105
- Inventory: $13,816
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,560
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
One location is 1,380 sq. ft. with 1 year left on the lease and the other location is 1,080 sq. ft. with 5 years left on the lease.
One week at no cost!
Owner wishes to retire and pursue other interests.
Only Self-Serve Frozen Yogurt in the area.
The venture was established in 2010, making the business 12 years old.
The sale shall include inventory valued at $13,816, which is included in the requested price.
The business has 11 employees and resides in a building with disclosed square footage of 2,560 sq ft.
The real estate is leased by the business for $4,707 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nevertheless, the true reason vs the one they tell you might be 2 totally different things. As an example, they may claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of other reasons. This is why it is really vital that you not rely totally on a vendor's word, but rather, use the seller's answer combined with your total due diligence. This will repaint an extra realistic image of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that profit margins are too thin. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new clients? Many times, companies have repeat consumers, which develop the core of their daily profits. Certain factors such as brand-new competition sprouting up around the area, roadway building, and personnel turnover can affect repeat clients and adversely impact future revenues. One essential point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the higher the chance to build a returning client base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the regional median household income effect future revenue potential?