MergerPlace

Triad Frozen Yogurt Shoppe

North Carolina


  • Asking Price: $239,000
  • Gross Income: $294,833
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $7,500
  • FF&E: $58,000
  • Listing ID: #200434
  • Established: 2013
  • Employees: 12 PT

Business Description

This is a 5-year-old Frozen Yogurt Shop at a premium location. Here is an opportunity for someone to enter into a franchisee situation at a discount from normal startup costs. The shop has grown sales over the last five years and 2016 revenues were nearly $300,000. This is an opportunity for a hard-working franchisee to take the store to the next level. The location is ideal with multiple national brand stores nearby and a major anchor tenant. Additionally, another nationally-known, very large tenant is reportedly on the way in which should further increase traffic. The franchise focuses on body, community and environmental responsibility - it definitely has the desire to Do It Right!


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: North Carolina

Company Information

Year Established: 2013
Home Based: No
Franchise: Yes
Relocatable: Yes
Number of Employees: 12 PT

Financial Information

Asking Price: $239,000
Gross Revenue: $294,833
FF&E: $58,000
Inventory: $7,500
Seller Financing Available: Yes

Property Information

Facilities:

The facility is in the final year of the first of three 5-year agreements which ends October 31. A new franchisee could take over the lease and be guaranteed ten more years at the location. The facility is large enough to provide all the preferred services requested by the franchisor, including a party room and outside dining. The unit is located in a strip mall that resides at a major, expanding intersection on the Triad, and services two fast growing communities with well over 100,000 residents within a five mile radius. There is a major anchor tenant, multiple nationally-recognized brand stores and a second major, nationally-known anchor coming soon.

Growth & expansion opportunities:

The shop has seen increasing revenues year over year. Additionally, the strip mall is growing in reputation and the communities it serves are growing, as well. This site is ready to be a major success - and is on its way. The franchise just needs a new owner to take over and lead the store into projected growth and success.

Competition:

The Frozen Yogurt Industry has really taken off in the past several years. There are multiple national franchise brands. Greensboro currently has several franchises and a couple independent shops, as well.

Reason for selling:

Health issues for the owner/operator, combined with the fact that owner/operator's spouse owns another business, have been too taxing lately.

Support & Training:

Will train for 4 weeks @ no cost. Products the franchisor provides included Frozen Yogurt, multiple fresh fruit and candy toppings, Smoothies and Coffee. Licenses for operating a food business are required and are currently in place and up to date. Skills required include having the ability to work hard, manage teenagers and network within the community.

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Business Listed By:

Rob Melhem

Murphy Business Brokers