Ice Cream Shop – Near College – Conversion OK

Price: $95,000

Location: Los Angeles County, CA

Industry: Ice Cream and Frozen Yogurt Shops

Listing ID: 01985364JH

Listing Status: Reduced Price

Description

Listing ID - 01985364JH

For sale is an ice cream store located in a busy shopping center with renowned college adjacent to the business.

With ample parking spaces, store size is 1,100 sf. with monthly rent of $4,200; lease terms: 4 years / 2 @5 years option.

Annual gross: $204,000 (2023)

Open hours are 7 Days @ 12pm-10pm

There are 4 part time employees with wage @ $1,000 /mo.

Owner since: 2018 / Reason for selling: Family

Conversion to different menu concept ok (upon landlord's approval).

LISTING DETAILS

Down Payment: $95,000

Total Sales: $204,000

Cash Flow: $60,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $30,000

FFE Included: Yes

Inventory: $5,000

Inventory Included: No

Operation

Year Established: 2018

Days & Hours of Operation: 7 Days (12pm - 10pm)

Owner Hours Per Week: Full Time

Non-Owner Payroll: N/A

Employees: 4

Absentee Owner: No

Lease Option: 2 @ 5 Years

Location

Real Estate: N/A

Monthly Rent: $4,200

Type of Location: Strip Center

Square Footage: 1100

Franchise: No

Summary

Reason For Sale:

Family

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER