Business Overview

Are you ready to SCOOP up a rare opportunity? Well, you’re in luck! Baskin Robbins of Nichols Hills has just hit the market, making this one of the coolest frozen-dessert franchises available in Oklahoma!!!

Baskin-Robbins is the world’s largest chain of ice cream specialty shops, providing guests with a wide array of ice cream flavors and delicious treats at more than 7,800 retail shops in more than 50 countries around the world. The brand was founded by two ice cream enthusiasts whose passion for ice cream led to the creation of many iconic ice cream flavors including Pralines ‘n Cream, Jamoca® Almond Fudge and Very Berry Strawberry. Today, Baskin-Robbins has more than 1,300 ice creams in its flavor library, and also offers custom ice cream cakes, frozen beverages and the Polar Pizza™ Ice Cream Treat. Its franchised ice cream shops serve as places where people can connect and create special memories while they explore a wide array of flavors, including a new Flavor of the Month every month.

Please, only serious inquiries. Seller is highly motivated and has experienced unexpected health issues recently. Please do not contact the Seller directly, or walk in during business hours, without an appointment. ALL appointments shall be made exclusively with iMatch Franchise and Global Investments, only with well-qualified buyers.

Financial

  • Asking Price: $170,009
  • Cash Flow: N/A
  • Gross Revenue: $439,908
  • EBITDA: $150,449
  • FF&E: $61,433
  • Inventory: $22,332
  • Inventory Included: N/A
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,750
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This Baskin Robbins franchise is nestled in lots 7 through 9, block 118, in the Nichols Country Club Heights Addition.

Is Support & Training Included:

KBICC Area Franchisor will provide training for two weeks and oversee the transfer of this franchise, pursuant to Baskin Robbins' Store Operations and Management Guide.

Purpose For Selling:

Seller has decided to pursue other business interest, due to health issues

Pros and Cons:

It goes without saying that Baskin-Robbins faces fierce competition in the U.S. and internationally. At the international level, Ben & Jerry, Wall, and Haagen-Dazs are its main rivals. The premium ice-cream sector is growing, too: in the United States alone, dozens of ice-cream producers are trying to beat Baskin-Robbins and win a better place under the competitive sun.

Opportunities and Growth:

Haagen-Dazs, Carvel, Cold Stone, Dippin’ Dots, Dairy Queen, and Oberweis Dairy are fighting to become the next leader in the super-premium market niche. It should be noted that Baskin Robbins faces three different types of competition.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was started in 2014, making the business 8 years old.
The sale doesn't include inventory valued at $22,332*, which ins't included in the suggested price.

The business has 8 employees and resides in a building with approx. square footage of 1,750 sq ft.
The property is leased by the business for $3,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell operating businesses. Nonetheless, the real factor vs the one they say to you might be 2 entirely different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is very crucial that you not count entirely on a seller's word, however instead, make use of the vendor's answer along with your overall due diligence. This will paint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering points like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that earnings margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in brand-new clients? Many times, operating businesses have repeat consumers, which form the core of their everyday revenues. Particular variables such as brand-new competition sprouting up around the area, roadway building and construction, and also employee turnover can affect repeat clients as well as adversely impact future incomes. One important point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to build a returning consumer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional typical family income influence future earnings prospects?