High-Volume Well-Established Pinkberry In San Diego, CA For Sale

Property Information

Real Estate:

Lease

Lease Terms:

Leased space $15,684/mth gross. Current lease expires May 2030. Landlord open to more term. Lease Security Deposit: $13,000

Location:

Prime retail space in San Diego’s premier open-air shopping center with over 1.7 million sqft and over 200 stores. One of San Diego’s top-tier malls, as well as San Diego’s largest mall and one of the largest in California. And the mall just completed a multi-year, resort-style outdoor renovation which was launched in 2019, which added lush landscaping, water features, plazas, new walkways and a refreshed façade. Plus, a new luxury apartment development is set to start this fall.

The Shopping Mall is more than just a shopping center, it’s the perfect blend of fashion, culture and cuisine. A hub for luxury and contemporary brands. And a standout destination in San Diego that combines California sunshine, refined design, luxury retail, upscale dining, relaxed meals, entertainment and thoughtful amenities!

Plus, is centrally located in Mission Valley with excellent transit access via the Fashion Valley Transit Center (Trolley Green Line and multiple bus routes). As well as regional access from I-8 (Mission Valley Freeway), Route 163 (Cabrillo Freeway), I-5 (San Diego Freeway) and I-805 linking the mall to central San Diego neighborhoods, Old Town, Balboa Park, downtown San Diego, multiple beaches, Kearny Mesa, East Country, La Jolla, North Country and much more.

Premises Details:

Year Established: 2011.

Seating: Directly across the outdoor food court.

Owners Role: Currently absentee owned and operated with a full-time manager in place.

Size in square feet:

688

Business Operation

Management type:

This business has absentee ownership.

Expansion Potential:

Opened its first store in West Hollywood, CA in 2005. The demand for their swirls of yogurt was so great that Pinkberry was dubbed "the taste that launched 1,000 parking tickets" by the LA Times. Began franchising in 2006, currently over 300 stores worldwide. A strong globally recognized frozen dessert brand!

Pinkberry is also part of Kahala Brands, one of the fastest growing franchising companies with a portfolio of 28 quick-service restaurant brands with approximately 2,900 locations in 28 countries!

Competition / Market:

One of the most iconic names in the frozen yogurt segment. THE original frozen yogurt brand that reignited the phenomenon for frozen yogurt and reinvented the category. Known as the pioneer of tart frozen yogurt. And a brand with a strong focus on quality. Their premium yogurt is made with real milk packed with calcium & protein and real yogurt with live & active cultures. Their fruit is hand-cut fresh daily, never frozen, canned or in syrup. Plus, everything is Kosher certified.

Reasons for selling:

Store is too far for the current owner to manage.

Trading hours:

Mo-Sa 11a-9p & Su 11a-7:30p

Employees:

1 Full-Time & 10 Part-Time

Years established:

14 Years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Franchise Royalty/Ad Fees: 6 % / 2%.

Franchise Transfer Fee: $7,550.

Other Information

Support & training:

Three-week comprehensive training program - 80 hours of hands-on training at a certified training store and 5 days of classroom training at our Kahala Headquarters in Scottsdale, AZ.

Owner financing:

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

Financing available:

Open to discuss

Furniture / Fixtures value:

$75,000 - included in the asking price

Inventory / Stock value:

$3,000

Website:

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Related Documents:

•   Business Information