Price: $100,000
Location: Johnson City, TN (Washington County)
Industry: Specialty Food Stores
Listing ID: 1927337
Listing Status: New
Here is an opportunity to own a name brand frozen yogurt shop with options to open more stores. Ideal for an owner/operator or family to own and operate. If you have checked out the cost of equipment for frozen yogurt stores, you know it is not inexpensive. This business will transfer with significant value just in the equipment and leasehold improvements alone, even on a depreciated basis. Asking price is commensurate with the value of the assets and the on-going business.
Would qualify for SBA financing. Like many businesses in the food sector, this one suffered a downturn in revenue during the initial pandemic stages. Business is on track to recovery back to pre-pandemic levels closer to $325,000 annual sales.
Total Sales: $250,000
Cash Flow: $15,292
EBITDA: $15,292
FFE: $175,000
FFE Included: Yes
Inventory: $5,000
Inventory Included: No
Year Established: 2011
Monthly Rent: $2,027
Type of Location: Leased
Square Footage: 1200
Facilities Information: Location, location, location! This shop is located in a high traffic volume strip shopping center accompanied by several other well-known local and regional businesses. Interior is distinctively finished resulting in a good initial impression. Being optimally sized for this type of business makes for a great rent situation. The lease is triple net with a base rent of $ 2,027.76. Common area maintenance (CAM) charges are approximately $325.00 per month.
Reason For Sale: Owner lives too far away to devote time needed to maximize the store's potential
Training & Support: Transition training will be provided and supported with well documented manuals and standards for the business.
Competition: There are a few competing frozen yogurt shops in the market, none immediately nearby.
Potential Growth: Operations, growth avenues, and more will be in the confidential business summary; available only to parties that have completed and returned the NDA (non-disclosure agreement).