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Businesses For Sale   >>   British Columbia Businesses For Sale Categories   >>   

Marble Slab Ice Cream Franchise

Location  British Columbia,Canada
Asking Price Range  < $250K
Gross Revenues  $155000
Net Profit / Cash Flow  $44352
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2009
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  Franchise training will be provided
Description  This is a nicely set-up Franchise Ice Cream business with low rent and a long lease term. It's located in a strip mall location, neighboured by Tim Hortons, Arby Restaurant and other small retail stores. This store is easy to access and has plenty of store front parking. The business is currently operated by employees but it is ideally operated by an owner with a partner and 2-3 part time based on season. If operated by owner, the business could save $20K in wages per year. Royalty fee is 6% and advertising 2%. Franchise training is required at Calgary. For information, please contact Vendor's Agent Philip at 1-800-295-2102. YEARS IN BUSINESS 3 year(s) FLOOR AREA 1280 sq ft. EMPLOYEES Fulltime: 2 Part time: 2 LEASE TERM 5 + 5 + 5 + 5yrs (2032) PARKING Free ADDRESS 2070 Harvey Avenue, Kelowna B.C. ASKING PRICE $ 92,000 BUSINESS HOURS Daily 1100 to 2200hr YEARLY GROSS INCOME $ 142,800 (royalty and ad deducted) YEARLY OPERATING COSTS Gross Rent: $ 29,448 Employee Wages: $ 54,000 Hydro: $ 8,000 gas and hydro Insurance: $ 1,400 Phone Interac: $ 600 Waste Removal: included in rent Others: $ 5,000 YEARLY EXPENSES $ 98,448 YEARLY NET INCOME $ 44,352 for absentee owner
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