Frozen Custard Franchise Two Locations For Sale

Business description

These frozen custard franchise’s (two locations) have it all from great product to prime locations with drive-thru’s. Across the street from major high schools, these are can’t miss locations. The current owners typically work only 7 months per year! This is a very well-known and respected name with no transfer fee and little or no royalties. Call now to learn more!

Franchise terms

No transfer fee! Royalties are 3% of gross revenues for monthly sales in excess of $30,000; 1% of gross revenues for monthly sales between $20,000 and $29,999 and no royalties paid if monthly sales are below $19,999.99. Franchise agreement will be made available during due diligence period.

Property information

Real Estate:

Lease

Lease terms:

Location #1 is 1300 square feet at $1,733.32 per month including all CAM charges. Lease began on October 1st, 2005 for 5 years and has one 5 year option with a 10% increase.
Location #2 is 1200 square feet at $1,350.00 per month including all CAM charges. Lease began on July 1st, 2008 for 3 years to June 30th, 2011 and has one 5 year option.

Location:

These locations can't be beat! Prime locations across the street from major high schools!

Other information

Expansion potential:

A proactive marketing approach could boost sales significantly. Adding a line of food items could offset some seasonality. Current owners typically do not work in the stores during the Spring or Summer.

Support & training:

Sellers will train for 14 days.

Reasons for selling:

Owners are retiring and moving out of state.

Trading hours:

Monday-Sunday, 11am-11pm

Financing available:

Possible candidate for SBA.

Furniture / Fixtures value:

$200,000 (included in the asking price)