Baskin Robbins - Absentee Owner

Long Beach, CA (Los Angeles County)

Baskin Robbins - Absentee Owner

Asking Price:$115,000

Cash Flow:$15,936

Gross Revenue:$312,000

EBITDA:N/A

FF&E:N/A

Inventory:$10,000*

Rate/Sq. Ft.:N/A

Established:N/A

*not included in asking price.

Baskin Robbins - Absentee Owner

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Business Description

Franchise Baskin Robbins around Long Beach area. Absentee owner. Easy run with good books and records from central POS. Currently spending to much on payroll with 2 managers. Good location next to a fitness center chain and a grocery market chain. Store size 1,200 sq.ft. Rent is $3,530/Mo. Gross sale $303,300/Yr. Monthly net income in Summer season is around $6,000, but average net income including all other seasons is currently $1,328/Mo. Potential to grow gross sale and net income with better management. Good price for the opportunity to own a franchise considering new franchise store set up easily costs $300k.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
N/A
Employees:
7
Facilities:
Plenty parking / Store size: 1,200 sq.ft.
Growth & Expansion:
Currently absentee owner and spend too much on payroll.
Support & Training:
Franchise corporate training
Reason for Selling:
Owner is downsizing his businesses.

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Ji Youn (Ashley) Lee

Business Listed By:
Ji Youn (Ashley) Lee

Power Realty & Investments

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Sponsoring Broker:
Jack Oh

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