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Listed by:

EatZ & Associates

Broker license number: 471021331

Established Friendly’s With Drive-Thru In Rehoboth Beach, DE For Sale

Rehoboth Beach, Delaware, US
Asking Price:
$100,000 Furniture / Fixtures included
Sales Revenue:
$752,178
Cash Flow:
$89,775

Established Friendly’s w/Drive-Thru Rehoboth Beach, DE - On Busy Coastal Hwy!

"Just Minutes From Downtown Rehoboth Beach, Rehoboth Avenue & Tanger Outlets"

An iconic brand serving a mouthwatering classic American menu of signature entrees, burgers, sandwiches and hand-crafted, specialty ice cream for over 90 years. Plus, a recently launched menu with a dozen great new items from burgers to melts to pastas to salads along with new ice cream flavors.

This full-service restaurant features a family-friendly layout with its ice cream counter and spacious dining room, plus convenient drive-thru. Serving breakfast, lunch, dinner and dessert. Dine-in, takeout, pickup and 3rd party delivery. Online ordering also available. In addition to catering, make-your-own sundae kits and family meals. And a new loyalty program.

Also, Friendly’s recently updated their POS system to Revel which has a lot more capabilities such as cloud based, digital, tablets for servers and more.

Friendly’s overall has been built around families and founded upon ice cream. A franchise dedicated to quality in all that they do. Every meal is freshly made offering delicious new dishes and classic comfort foods that can only be found at Friendly's. And to top it all off, they end every delicious meal with incredible homemade ice cream in unlimited shapes, sizes and flavors.

Their vision and mission is "to be the leading casual restaurant/ice cream shoppe and premium retail ice cream brand...known for operations excellence, great food, famous ice cream shoppe desserts, sparkling clean facilities, prompt friendly service and dedicated people...resulting in outstanding customer loyalty and consistent profitable growth.

And since the arrival of new ownership in Jan 2021 by BRIX Holdings LLC, a multi-brand restaurant management/franchising company, the brand has overall posted positive same store sales. Plus, digital mix is up. Also, the ad fee has been reduced to 2.5% to help franchisees combat increasing COGs.

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please click on the orange Contact Broker button on the right to complete the short contact form. Showings by appointment only outside of business hours.

Listed By EatZ & Associates

Property Information

Real Estate:

Lease

Lease Terms:

Leased space $10,612/mth gross. Current lease expires Dec 2031.

Location:

Prime retail space in freestanding building with drive-thru in an out lot of a busy well-known outdoor shopping center.

Perfectly situated on busy Coastal Hwy, Delaware’s premier resort-town corridor connecting Rehoboth Beach, Lewes and Dewey Beach. A primary north-south artery along the Delaware coast, capturing local, visitor and tourist traffic with over 40,000 vehicles per day in peak season. Its ideal placement on US-1 ensures outstanding visibility, easy access and exposure to local residents supporting dining demand year-round as well as millions of vehicles traveling to the Delaware Beaches every year!

Ideally positioned just minutes from Downtown Rehoboth Beach, Rehoboth Avenue and Tanger Outlets. And surrounded by major national grocery stores, retailers, hotels and restaurants. Plus, adjacent to residential growth areas and mixed-use commercial development along the Coastal Highway corridor.

Strategically located on one of Delaware’s busiest commercial roads in a top-tier resort market. This Friendly’s serves both year-round residents and the large influx of tourists and vacation homeowners visiting the area!

Premises Details:

Year Established: 2022.

Seating: 100.

Owners Role: Corporate representative oversees the operation + assistant manager in place. A turnkey operating business - perfect for an owner operator!

Size in square feet:
2,400

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

Serving up ice cream and delicious fun since 1935.

Currently there are over 89 Friendly's restaurants in 11 states with plans to open more. And with newly remodeled restaurants, new menus and drive-thru opportunities, there has never been a more exciting time to become a part of Friendly’s!

And now with BRIX Holdings at the helm, the focus moving forward is geared towards innovation, marketing and technology with plans to introduce new food/ice cream offerings, bright new restaurants and unique ways to reach and satisfy more guests!

Competition / Market:

A classic American family restaurant. A friendly place to enjoy a meal together. A popular and much-loved brand. As one of America’s most cherished ice cream shops, Friendly’s has been a part of millions of family occasions for decades along the East Coast. Famous for their homemade ice cream. Best kids’ menu in America! Loyal customer base and 90 years of name recognition!

Reasons for selling:

Corporate location looking for a franchisee.

Trading hours:

Daily 11a-10p

Employees:
47
Years established:
4 Years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Franchise Royalty/Ad Fees: 4% / 2.5%

Franchise Transfer Fee: $15,000

Other Information

Support & training:

Two weeks on-site training and @ an approved training store.

Financing available:

No

Inventory / Stock value:
$15,000
Website:
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Related Documents:

Listed by

EatZ & Associates

Broker license number: 471021331

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