Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Frozen Yogurt Dessert Shop
(Food & Beverage , Fast Food)
Middlesex County , NJ
Listed Price: $ 250,000
Listing ID: FF368

Listing DetailsGross Revenue: $ 243,543
Cash Flow: $ 69,837
FFE: $ 105,000 (Included in Price)
Reason for Sale:

The owner has an alternative business not in this particular industry.


Training & Support:

The owner will remain post-closing to supply an appropriate training & transitional period to the new operator.


OperationsYear Established: 2013
Non-owner Payroll: $ 3,950
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3500
Monthly Rent: $ 2,303
Square Footage: 1800
Facilities:


This modern fully equipped retail facility consists of 1,800 square feet with an attractive appearance. The business is on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Middlesex County which consists of various communities with continued demand for this particular food product.


SummaryBusiness Description:

Profitable yogurt shop, which is an exciting business opportunity in self-serve frozen yogurt and a wonderful opportunity to enter the industry and own a profitable fast food operation. The business has a 2018 gross income of $243,543, a net yearly income of $69,837 and a similar 2019 cash flow is expected. The company is in Northern New Jersey, Middlesex County servicing various highly populated municipalities. Their premium and top-quality distinctive flavors are developed by some of the most knowledgeable yogurt innovators in the industry. They have a wide selection of tasty self-serve yogurt and toppings sweet and savory crepes, and for the caffeine lovers, enjoy the latest taste of teas. Their customers enjoy these treats with entertainment including music, Wi-Fi access and 6 flat screen TVs. Customers can browse the web and play games with free use of their iPads; this yogurt shop is the perfect place to relax or hold a birthday extravaganza. No matter what the season, this yogurt shop is the place to go to relax and enjoy a hot or cold delicious, sweet, healthy treat. This business has 1 full time & 4 part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is estimated at $3,950 as an onsite owner operator. The business has an assignable commercial lease which expires 2024 plus additional options, with a monthly rent of $2,303, cost per square feet is $15.35, and rent security $3,500. The business has been valued at $250,000, based on a multiple of approximately three times the average net yearly income which includes the value of the specific business assets and seller financing will be considered to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:


To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business has no marketing plan, basic non-optimized web site and if improved can further develop the gross income.


Financing/Terms:

Will be considered to a qualified buyer.