Popular Staff Run Dessert Shop
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Listing No.: 106-14247
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Category:
| Asking Price | $250,000 |
| Down Payment | $ |
| Gross Revenue | $347,656 |
| Total Adjusted Net Income | $147,150 |
| Equipment/Fixtures | $220,000 |
| Year Established | 2003 |
| General Location | San Diego |
This established business is currently 100% staff run since the owners recently retired and moved out of state. Highly sought after location with incredible foot traffic and proximity to convention center and Petco park. Clean books and records with owner operator net income on 2016 tax return showing over $140,000. Sales have remained stable in 2017 since owners retired and trained staff are fully capable of handling day to day operations. Seller projects absentee net income between $90k and $100k in 2017 after paying all labor costs. Sale includes lucrative repeat corporate accounts as well as all kitchen equipment and fixtures with a replacement cost of over $200,000. Great ROI potential with a less than 2 year pay back for an owner operator. Price recently reduced to $250,000 for a quick sale.
| Gross Revenue | $347,656 | Listed Price | $250,000 |
| Total Income | $147,150 | Down Payment | $ |
| Base Rent | $ | Square Feet | 800 ft2 |
| Total Rent | $4,834 | Lease Description | |
| Rent Deposit | $ | Lease Options | 1/5 yr option |
| Inventory | $5,000 | Leashold Improvements | $ |
| Equipment/Fixtures | $220,000 | Other Assets |
| Full-Time Employees | 4 | Training Period | 4 weeks |
| Part-Time Employees | 2 | Special License Required | |
| Contract Staff | Reason for Selling |
The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.
FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.