Business Details

Ice Cream Franchisor


Type of Business : Food Franchisor

Asking Price: $1,800,000
Inventory: $

Gross Sales: $1,047,000

Summary of Business

This is Franchisor for Sale in the food segment serving a premium, specialized product (call Broker for more info). The franchisor is located in Southern California, but the office is relocatable anywhere. Currently, 30 franchisees pay Royalties to this Franchisor with locations in 5 states. This business was started by the owner operating 1 location. As the business grew, the owner obtained rights to Franchise and trademarked the name and logo. The owner does not currently operate any stores. All 30 are Franchisees. Franchise fees start at $40,000 per location. Royalties are 6% of sales and Advertising is 1.5% of sales.
Prior years sales and profits were higher. The pandemic closed some locations and the Seller hasn't actively sold new Franchisees in 2021. Historically even in 2020, there was an average of $500,000 of additional revenue from the sale of new Franchises.
The Seller has developed new products to bring into the retail stores along with selling new Franchise locations, which will boost sales. The brand has a good name and reputation as a premium product in its segment. This Franchise is ready for new ownership with enthusiasm that will take it to heightened levels of income. 

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Other Details

Reason for Sale: Other projects and interests.

Income

Gross Yearly Sales: $1,047,000
Adjusted Yearly Net Profit: $500,000

Rent

Total Rent: $2,070
Options: 0

Employees

Number of Employees: 4
Full time: 4
Hours of Operation: 9am - 5pm Payroll: $200,000

Expenses

Insurance: $30,000 per year
Gas: $300
Phone: $350

Additional Details

Year Established: 2013


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