This Whittier dessert related restaurant boasts a unique and innovative seller developed concept that is highly scalable and potentially able to be licensed to other operators or even franchised! The bustling customer embraced business is located in a busy high visibility and foot traffic location with plenty of parking. The sale includes at least $25,000 in equipment (new cost).
Seller is willing to carry up to 20% with $100,000 down over 3 year at 7.0%.
This business leases for $3,373 plus $273 in Common Area Maintenance (CAM) Expenses per month on a lease that expires in April 2018 with 2 three year options. All of the business's furniture, fixtures, equipment, name / goodwill and scalable concept will be included in the sale. Inventory will be sold at cost at close.
While competition exists, this venue operates from a dominant location that serves an estimated 4,000 customers per month that will necessarily restrict direct competition. Given the originality of the brand and the idea behind it, it will stand out when compared to traditional competition in the product category.
New operators will likely wish to replicate this exact store in additional locations with similar customer demographics. They may also consider licensing out the name and concept or setting it up as a potentially highly lucrative franchise operation. It is estimated that the business would grow by 25% (to 5,000 customers per month) if the business actively advertises, however, the owner has opted not to do so.
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