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
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
Operations
# of Part-Time Employees:
9
Hours Open:
11am to 10pm Seven days
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 Seller Lend To Buyer:
No
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.