Business Overview

CREAM, Inc. was founded in 2010 in Berkeley, CA by 2 brothers to share their unique ice cream sandwich creations. Franchising began in 2012. CREAM Inc. HAS WAIVED ROYALTY, ADVERTISING AND TRANSFER FEE INDEFINITELY.

Kiosk in SAP Shark Stadium as part of the sale for no addition cost. SAP Stadium is about a mile from the San Jose store.

Financial

  • Asking Price: $599,000
  • Cash Flow: $324,623
  • Gross Revenue: $1,153,320
  • EBITDA: $324,623
  • FF&E: $120,000
  • Inventory: $15,000
  • Inventory Included: N/A
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

All FF&E to be in good working condition prior to change over. San Jose is located on a corner. Milpitas store is inside a mall. SAP Shark Stadium is a kiosk.

Is Support & Training Included:

1 week of training on site.

Purpose For Selling:

Moving out of state

Pros and Cons:

Seller will include kiosk at SAP Sharks Stadium at no additional cost

Opportunities and Growth:

Kiosk in SAP Shark Stadium included in sale at no charge. No rent at SAP, just 20% commission of total revenue

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was established in 2013, making the business 9 years old.
The transaction doesn't include inventory valued at $15,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals choose to sell companies. Nevertheless, the real factor vs the one they tell you might be 2 completely different things. For instance, they may say "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, however rather, use the seller's answer together with your general due diligence. This will repaint a more practical image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that revenue margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract brand-new consumers? Often times, operating businesses have repeat customers, which create the core of their daily earnings. Certain factors such as brand-new competitors growing up around the area, road building, and also staff turn over can impact repeat clients and negatively affect future revenues. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to build a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the local mean home earnings influence future revenue potential?