2 for 1 Yogurt Stores – Bellevue and Issaquah

Bellevue, WA (King County)

Seller Financing Available
2 for 1 Yogurt Stores – Bellevue and Issaquah

Asking Price:$150,000

Cash Flow:$72,576

Gross Revenue:$532,796

EBITDA:$72,576

FF&E:$75,000

Inventory:$6,000*

Established:2011

*not included in asking price.

2 for 1 Yogurt Stores – Bellevue and Issaquah

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Business Description

These regionally known yogurt stores are located in the booming areas of Bellevue and Issaquah. The Bellevue store has been established since 2011 and the Issaquah store since 2012. It is independently owned and not a Franchise. The business is a Northwest Original and offers up to 10 rotating healthy and fat-free frozen yogurt flavors, 5 yogurt “swirl” options and over 40 premium toppings. Unlike many Self-Serve frozen yogurt chains, they only serves real yogurt that contains live and active cultures approved by the National Yogurt Association. They have incorporated a unique and inviting store design, outstanding selections of products, and great attention to the needs of every customer – young and old. They have also attracted many of the business owners and employees in the area as regular customers during the week – thus eliminating the slower week day slump. They have partnered with several community organizations and charities to offer catered parties and events, which has provided incremental revenues. The current owner does not work in the business and is retiring. There is no immediate competition in the areas these businesses are located. This business prides itself on the quality and freshness of its products, its high standard of quality service, and its dedication to pleasing each and every customer. The owner has invested many hundreds of thousands of dollars into these businesses to build a unique and inviting environment and has priced these two businesses for immediate sale. This is the perfect turnkey business for a new owner operator to step in and take the businesses to another higher level. The new owner could add such food items as crepes and quesadillas (many varieties), and a wide selection of hot and cold drinks (including fresh fruit and yogurt smoothies and Bubble Teas). These would minimized seasonal trends and take the sales over the top. Both locations must be sold together. There is Seller financing with 50% down, 3 year term, at 6% interest.

Detailed Information

Inventory:
Not included in asking price
Employees:
1 FT / 6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
There are two separate locations for this business. The Bellevue location was opened in 2011. It is located next to a major cinema in one of the most popular malls in Bellevue. This is a destination location for families and individuals in the area. It is about 1291 square feet with lots of parking. The lease runs till 5/31/2021 and has two 5 year options to extend the term. The Issaquah location was opend in 2012 in a very heavily trafficked shopping center in the heart of Issaquah. It has about 1400 square feet and was built as a flagship location for future expansion – therefore everything is top of the line and in like new condition. The lease runs till 6/28/2022. The total combined rent for both locations is about $10,000 a month, which includes all NNN charges and shopping center fees.
Competition:
There is no current competition in the area of either of these locations. They have incorporated a unique and inviting store design, outstanding selections of products, and great attention to the needs of every customer – young and old. Both locations are destination places for the family and surrounding workers to go to. These are well established businesses with a strong and loyal customer base.
Growth & Expansion:
The new owner could add such food items as crepes and quesadillas (many varieties), and a wide selection of hot and cold drinks (including fresh fruit and yogurt smoothies and Bubble Teas). These would minimized seasonal trends and take the sales over the top.
Financing:
Cash or Seller terms with 50% down, 3 year term, at 6% interest
Support & Training:
The Seller will provide 2 weeks of onsite training on the day to day operation of the business.
Reason for Selling:
The Seller is retiring.

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Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

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