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#265
Sacramento Restaurant For Sale

Popular Ice Cream Franchise In Placer County.

$93,000
Sold
Popular Ice Cream Franchise In Placer County.
This Listing is Sold
Located within a growing community and a popular strip mall in Placer County, this franchise has been established for 24 years and the owner is absent from customer service. The franchise has 775 sq/ft with a lease payment of $2,421.17 (includes CAM). The $1500 a year Franchise Fee has been paid until May 31, 2013 and that is also the date that the current lease option expires. A full time working owner should be able to reduce labor expense by $20,000 plus and also greatly improve the sales yield of purchased ice cream products. 2005 tangible sales were $290,622 with a related net pofit of $17,415. Tangible sales for the first 9 months of 2006 was $222,524.
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This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Sacramento Restaurant For Sale
Lease Term:
2 years + 5 yr Option
Total Monthly Rent:
$2,026
Security Deposit:
$2,073

Financials

Last Year's Annual Gross:
$290,622
Last Year's Owner's Cash Flow:
$43,000
Last Year's Food Cost %:
28.5
Last Year's Payroll Cost %:
26.2
Last Year's Rent %:
9.6

Operations

# of Part-Time Employees:
9
Hours Open:
11am to 10pm Seven days
Year Established:
1981

Facilities

Inside Sq. Ft.:
775

Highlights

  • Gross Sales Year-to-date Sep. $222,524
  • Open Everyday: 11am - 10pm
  • Located in Busy Strip Mail Just Off Highway 80 Exit
  • Population Growing in the Area
  • Lease to May- 2013 and One 5 year option
  • Plenty of Parking
  • Base Rent - $2026+ NNN
  • Annual Franchise Fee $1500 Paid through May 31 2013
  • Working Owener Should be Able to Improve Sales Yield by Minimum of $5000
  • Working Owner Should be Able to Reduce Labor Expense by $20,000.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 24,236 60,261 171,471
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 9,086 20,901 61,360
2010 Persons Per Household 2.54 2.71 2.66
Median House Value $295,300 $324,073 $350,443
Income Per Household $68,160 $77,350 $78,539
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 686 1,417 5,709
2012 Number Of Employees 14,394 37,888 168,860
2012 Total Annual Payroll $327,551,000 $990,635,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.

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