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Desserts and Soft Beverages

  • Status: Pending
  • Price: $150,000

Babak “BOB” Shamtoub

License No:
DRE #02050054
Email:
babak@lbaweb.com
Office:
424-542-1402
Mobile:
424-542-1402
  • Listing No: 6363
  • Status: Pending
  • Area: Los Angeles
  • Price: $150,000

Description

Established in 2016. This Franchise shop is 700 sqft. located in a crowded Plaza, Serving hand crafted Churros with dips, glazes and toppings, soft served ice cream and refreshing drinks. Seller claims the Annual Gross income for the business is about $360,000 and the Net income is about $115,000 a year. Rent is $9,250 a month including NNN on a 10 years lease with 6 years remaining. Operating hours: (12-10 pm Sunday – Thursday),  (12- 11 pm Friday and Saturday). The payroll is $6,500 per month and utilities is $1,000 per month. There is plenty of parking spaces in the back.

Business Information

Ownership Type: Corporation
Year Established: 2016
Year Purchased: 2016
Business Type: Desserts & Soft Drinks
License(s) Required: Business, Health
Hours of Operation: 12- 10 pm, Sun-Thur./ 12-11 pm Fri- Sat.
Business Relocatable: No
Business Is A Franchise: Yes
Home Based: N/A
Broker To Broker CoOp: No
Office Listing Number: 6363
Date Available: 04/14/2022
Reason For Sale: Personal Reason

Financial Information

Annual Total:
360,000
Revenue:
Annual Net Income:
115,000
Inventory:
Monthly Payroll:
6,500/m

Lease Information

Base Rent:
8,250
Lease Expires:
2028
Lease Option:
NNN:
Included

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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