Full Franchise Ice Cream And Fast Food Business For Sale

Business description

Rare chance to own a well-known national ice cream franchise in a major Las Vegas hotel/casino! There are 2 available, so you can buy one or a chain! Great location in the food court with other major national franchises including Panda Express, Starbucks, and Baja Fresh; these are the tenants you want to be near! Exposure to tons of customers with a movie theater and giant indoor children's playground just feet away from the counter! Excellent signage, as there are a total of 3 major signs outside the grounds of the hotel that advertise the business! Business was just remodeled and all equipment is top of the line as per the Seller! Buyer pays franchise transfer fee of $5000 and must attend franchise training school for approx. 18 days (usually in Denver, CO). Buyer also pays for the cost of school at $3000 plus hotel, airfare, food, etc. Franchise royalties are 10% (5% to corporate & 5% to advertising). Store opened in late November 2008. Net income and Gross Sales are projected for 2009, based on December 2008 monthly figures. December is the slowest month of the year for ice cream businesses, so the projections/estimates are very conservative. Seller feels this is the minimum that the store would do for 2009, as sales have been growing steadily every week! P/T manager in place, so Seller doesn't have to work in the store as much! Store is ready to be co-branded! Food sales account for 35% of business with ice cream being the remainder! Hotel charges very low rent (under $1500/month) and gas is included with rent! Hotel pays for almost all advertising (at no charge to the business) and sends out direct mailers to over 100,000 people on a regular basis! Where else can you get this type of location for this kind of price?

Property information

Real Estate:

Lease

Location:

Leased Location is 800 sq-ft with a total rent is 2,311.00. Seller is active in the business with 6 Part Time Employees; Leasehold improvements; Fixtures and Equipment $150,000 & Inventory Included $3000.

Size in square feet:

800 sq-ft

Other information

Support & training:

2 Weeks / 80 Hours

Trading hours:

11-11 Sun-Thur 11-1 Fri & Sat

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$3,000 (included in the asking price)