Description
Fosters Freeze business is for sale. List price is $725,000. Business has been open for 30 years. Current owner has remodeled the store and installed new equipment at the cost of over $375,000 over the past 2 years. The business is netting over $225,000 per year. The business is selling for less than a 3X multiple of annual Net Profit.SBA loan requires only 10% down. Lease of site is secured with a 20 year lease with 3 ten year options. Real estate is available for sale at a 6% CAP rate if buyer of business wishes to own the real estate as well.
School Ratings & Info
Description
Fosters Freeze business is for sale. List price is $725,000. Business has been open for 30 years. Current owner has remodeled the store and installed new equipment at the cost of over $375,000 over the past 2 years. The business is netting over $225,000 per year. The business is selling for less than a 3X multiple of annual Net Profit.SBA loan requires only 10% down. Lease of site is secured with a 20 year lease with 3 ten year options. Real estate is available for sale at a 6% CAP rate if buyer of business wishes to own the real estate as well.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-21T09:26:11.65. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Reason Real Estate | Side Inc. Licensed in the State of California, USA.