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Abbott's Frozen Custard In The French Quarter For Sale

New Orleans, Louisiana, US
Asking Price:
$125,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$275,000
Cash Flow:
Undisclosed

Duran Advisors presents this dessert business for sale in the French Quarter of New Orleans, Louisiana. The company has weathered the pandemic storm. The business grossed $275,000 and achieved $60,000 in net profit for 2022 with limited hours. The 2023 gross sales are estimated to be almost identical. The company boasts a full staff with management in place. The current owner only works 10 hours per week doing tasks that another owner may want to hand off to the staff.

The business is located in the heart of the French Quarter, with extremely high foot traffic passing the storefront daily. It has a tried-and-proven system and one of the tastiest products in the area. The business also handles catering for events, with ample opportunity to grow that side of the business. The location boasts a beautiful build-out with plenty of auxiliary storage. The equipment in the business is almost brand new. The lease is considered low for the French Quarter. The landlord must approve a potential buyer. The business is being sold for significantly less than the cost to build the store!

Territory rights for the New Orleans metropolitan area are also available for sale.

A Matterport 3-D virtual reality digital twin of the space is available to fully disclosed buyers, as well as a 40+ page Confidential Information Memorandum (CIM).

Come and see this great shop, taste its incredible products, and make an offer before it's too late!

For serious inquiries, contact the listing broker.

Property Information

Real Estate:

Lease

Lease Terms:

The current lease expires in February 2027 followed by 1 three year option.

Leasehold Rent:

$2,480 per annum

Location:

The French Quarter of New Orleans, Louisiana. This historic district is an international tourist destination with incredibly high foot traffic year round.

Premises Details:

Beautiful build-out with almost new equipment.

Size in square feet:
784 Sq. Ft.

Business Operation

Reasons for selling:

New career

Trading hours:

General hours are Sunday-Saturday 12PM-8PM. In September, Monday 12PM-7PM, Thursday-Sunday 1PM-8PM.

Employees:
5 part-time
Years established:
2020

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

The owner will train the buyer for two weeks and then be available by telephone as necessary.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner financing is available on a case-by-case basis.

Furniture / Fixtures value:
$112,000 - included in the asking price
Inventory / Stock value:
$15,000 - included in the asking price