Popular Soft Serve Ice Cream and Fast-Food Restaurant Franchise – SC2185

Northern Californian Soft Serve Ice Cream and Fast-Food Restaurant Franchise – SC2185

Financial Information
Asking Price: $1,200,000
Cash Flow: $325,000
Gross Revenue: $1,400,000
Down Payment: $900,000

This Northern Californian Soft Serve Ice Cream and Fast-Food Restaurant is a California Limited Liability Company that has been in existence for 30 years and under current ownership for the past 20 years. This location is part of 7,000+ Worldwide franchises in over 20 countries with the Franchisor founded in 1940 and franchising since 1944. Not only does this location offer soft serve ice cream, but they also offer burgers and sandwiches, chicken baskets, snacks, sides & salads. They also offer a rewards program and kids meals. Franchisor approval will be required for the Buyer.

There is essentially no competition in the local surrounding area. This location is equipped with a full drive through. This is a very strong, longstanding franchise and highly regarded in the neighborhood with strong loyalty and local customer base.

Business Location
City: Northern California
State: California

Reason for Sale
The reason for selling is the Seller would like to retire.

Detailed information
Year Established: 1994
Home Based: No
Franchise: Yes
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Part-Time Employees: 20
Contractors: N/A
Owner Worked Hours/w: 40
Adjusted EBITDA: $275,000
Inventory Included: Yes
Inventory Value: $10,000
Monthly Rent: $8,500
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 1800
FF&E Included?: Yes
FF&E Value: $100,000

Training/Support
The Seller is willing to train the new Owner for up to 2 weeks at 30 hours per week. Additional training from the Seller may be available at mutually agreed upon compensation from the Buyer to the Seller.

Market Outlook/Competition
The global ice cream market size was valued at $79 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. Factors such as the rising demand for innovative flavors, types, and the rising demand for impulse ice creams such as cones, sandwiches, and pops in developing countries are expected to drive the market growth.

Real Estate Description
They operate out of 1,800 square feet with monthly rent of $8,500 per month on a NNN lease. The lot size is 21,149 square feet that is paved, landscaped and has necessary signage. This large lot size provides ample parking at the location. They recently completed a renovation with approximately $400,000. No remodeling required. Since the Sellers own the property, they can work with a Buyer on a new lease.