Lease Rate/Sq. Ft.:$2.61
Ice Cream Cafe for sale.
This is a 1,250 sq ft absentee-run (truly absentee-run) ice cream franchise/cafe with no royalty to be paid to the franchisor. You only buy the ice cream from them. There are 3 such stores in the Bay Area, and this one was established 20 years ago. It's a very cute, bright, colorful, family-friendly store located on the main street of a community in Solano County that has a population of about 30,000 and a total of 2 ice cream stores. The present owner bought the business in March 2016 but has to sell due to family needs and a FT job that doesn't allow much time to do anything else. The business runs via 6 PT employees making $10.00/hr with the manager making $12.00/hr. The owner only does the bookkeeping.
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors, Inc.
There is a POS system and cameras that ease the management duties. They serve baked goods (bought from bakery), sandwiches, salads, coffee, juices, bagels, and ice cream. About 80% of the sales are generated from ice cream. It's open 7 days a week for a total of 89 hours/wk.
About 21% of the customers travel more than 20 miles to come to this store, and 31% travel between 5 and 15 miles. The busiest days are Friday, Saturday, and Sunday. The average ticket price is $8.00 and they have a lot of returning customers. The store is very well liked as witnessed by the Yelp and Google reviews.
We have access to the previous owner's schedule C for 2013, 2014, and 2015 as well as a detailed P&L for the period covering January to October 2016. If the buyer works 10 hours per day and 5 days per week, the net profit will be about $55K for the year. Rent is $3,265/m and the remaining lease has 5 years left (buyer may negotiate an additional option period).
- Real Estate:
- Building SF:
- Lease Expiration:
- 6 x part time
- Reason for Selling:
- spend more time with her family.
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