Business Overview

This is a really really nice frozen yogurt store that is NOT a franchise so their is no royalty fees. This store has been designed and built out to the nines as its bright and very attractive decor throughout. The store offers over 100 ingredient toppings plus a hot toppings area to cover your frozen yogurt. the flavors of the yogurt change when run out so always new flavors come and go and standard staples remain. The store offers sorbet and non fat and low fat varieties. Face book has over 700+ likes and 4.9 stars and yelp & google both 4.9 stars. The hours of operation are daily from 1PM till 9PM. The seller works with the local schools and charities for fundraisers and attends local events.

Financial

  • Asking Price: $65,000
  • Cash Flow: $38,000
  • Gross Revenue: $178,000
  • EBITDA: $45,000
  • FF&E: $125,000
  • Inventory: $2,500
  • Inventory Included: N/A
  • Established: 2018

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,250
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This location is in a wonderful standalone location in a viable area that is easily seen. with 1250 square feet of space it houses about 15+- seats for customers. The location and concept opened in 2018 and is still taking off and due to covid shut down the sales are coming back up very fast again as people are getting out. this is perfect for anyone who enjoys community involvement and a fun place to own and operate.

Is Support & Training Included:

The seller will train on all aspects of the business for up to 2 weeks or 80 hours that goes with the sale.

Purpose For Selling:

Seller has other business and cannot give attention as he would like.

Pros and Cons:

Their is no other custom frozen yogurt places in the area with as many topping choices.

Opportunities and Growth:

Once covid is over this will continue to grow in sales moving forward for many years.

Additional Info

The venture was established in 2018, making the business 4 years old.
The transaction doesn't include inventory valued at $2,500*, which ins't included in the suggested price.

The company has 3PT employees and is situated in a building with estimated square footage of 1,250 sq ft.
The building is leased by the business for $3,400 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell companies. Nonetheless, the real factor and the one they say to you might be 2 entirely different things. For instance, they may say "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of various other factors. This is why it is extremely crucial that you not depend entirely on a seller's word, however rather, utilize the seller's solution along with your overall due diligence. This will paint an extra realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that earnings margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract new customers? Often times, companies have repeat customers, which develop the core of their daily revenues. Particular factors such as brand-new competition sprouting up around the area, roadway building and construction, as well as employee turnover can affect repeat customers as well as negatively affect future revenues. One important point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business often, the better the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it located on the edge of town? Just how might the local mean house income impact future revenue prospects?