Encino Area Ice Cream Shop In Encino For Sale

Property Information

Real Estate:

Lease

Leasehold Rent:

$41,000 per annum

Premises Details:

This 1,000 square foot location leases for $5,000 per month including common area maintenance expense on a lease until February 2027 with options to be negotiated in the sale. All of the business’s furniture, fixtures, equipment and goodwill will be included.

Size in square feet:

1,000

Business Operation

Expansion Potential:

New owners may want to manage this as an owner-operated location, or they may wish to capitalize on the location’s notoriety as a food service destination and launch any number of concepts, provided they do not compete with the number of existing food venues and obtain landlord concept. Alternately, they may wish to convert the space to an independent ice cream or yogurt shop, or other dessert concepts.

The current owner operates the business on a largely absentee basis. They perform food orders and check-in on the location a few times per week. The location’s general manager, who is included in the financials, largely runs that business.

Competition / Market:

The greater Encino area is a competitive environment for all types of desserts and sweets. This well-known brand is known for its variety and creativity, which draws customers in form the surrounding area, which helps to provide a competitive advantage.

Reasons for selling:

Personal

Employees:

5

Years established:

2002

Other Information

Support & training:

Seller will train for 2 weeks at 20hrs per week.

Furniture / Fixtures value:

$20,000 - included in the asking price

Inventory / Stock value:

$5,000