Retail - Other Eating & Drinking Places | Retail - Other Food Stores

Asking Price	$250,000	Inventory
Gross Income	$441,800	Real Estate
Cash Flow	$90,000	Year Established	1990
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

THIS IS UNDER CONTRACT, TO CLOSE MARCH 31. Franchised store for probably the biggest name in the ice cream world! This store is in the top 10% by sales volume of all company stores. The franchisor is going to expend as much as (possibly more than) $150,000 to entirely remodel the store to the latest corporate model. If the remodeling costs more than that, it promises to limit the buyer's liability for the pass through to $150,000. THE REMODELING COST IS INCLUDED IN THE ASKING PRICE!!!! Effectively, therefore, the buyer is getting a brand new store. The current owner is absentee. The store reported a $57,000 profit in 2006, and through 6 months of 2007 looks to be on track to equal or slightly better that this year. But if you intend to be an owner-operator, you can add back $32,500 that is currently being paid to a store manager, who then becomes superfluous; so, conceivably, there is $90,000 in re-cast profits. The store might conceivably be obtained for as little down as $50,000 cash, so that if the business continues to operate at current levels a buyer in that circumstance could expect more than a 100% ROE in year one! Must be qualified by the franchise!!! All apps to be submitted on line with the franchisor, after NDA has been signed with the broker.

Facilities: THIS IS UNDER CONTRACT - TO CLOSE MARCH 31! 1,550 square foot store. Franchised business. the store is to be entirely remodeled this winter (2007), from top to bottom so that it will be voirtually as new as a new store.

Competition: The best ice cream store in town - indoor, so it is open year 'round. On one of the busiest street corners in Toledo market. Not much competition nearby at all.

Support/Training: Six weeks with the franchisor.

Reason Selling: Seller has many other business interests that need attention.