This Northern Californian Soft Serve Ice Cream and Fast-Food Restaurant is a California Limited Liability Company that has been in existence for 30 years and under current ownership for the past 20 years. This location is part of 7,000+ Worldwide franchises in over 20 countries with the Franchisor founded in 1940 and franchising since 1944. Not only does this location offer soft serve ice cream, but they also offer burgers and sandwiches, chicken baskets, snacks, sides & salads. They also offer a rewards program and kids meals. Franchisor approval will be required for the Buyer.
There is essentially no competition in the local surrounding area. This location is equipped with a full drive through. This is a very strong, longstanding franchise and highly regarded in the neighborhood with strong loyalty and local customer base.
Real Estate Available: No
Real Estate Included: No
Real Estate Description:
They operate out of 1,800 square feet with monthly rent of $8,500 per month on a NNN lease. The lot size is 21,149 square feet that is paved, landscaped and has necessary signage. This large lot size provides ample parking at the location. They recently completed a renovation with approximately $400,000. No remodeling required. Since the Sellers own the property, they can work with a Buyer on a new lease.
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $8,500.00
Owner worked hours per week: 40
Market Competition: The global ice cream market size was valued at $79 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. Factors such as the rising demand for innovative flavors, types, and the rising demand for impulse ice creams such as cones, sandwiches, and pops in developing countries are expected to drive the market growth.
