An established ice cream franchise is now available for purchase in a prime, high-traffic location in the Hollywood area of Los Angeles County. This business operates seven days a week, from 12 PM to 10 PM, taking full advantage of the consistent foot traffic generated by the nearby movie theater.
Business Financials:
- Annual Net Sales: $360,000 (2024)
- Monthly Rent: $9,840 (includes NNN)
- Lease Terms: 2 years remaining on the current lease with a 5-year renewal option
- Store Size: 1,200 sq. ft.
Franchise Information:
- Franchise Transfer Fee: $20,000
- Royalty Fee: 7.5%
Operations:
- Employee Count: 8 part-time employees
- Monthly Wage Expense: $8,000
- Current Management: The business is currently run with the owner's assistance, presenting significant potential for increased profitability under full owner-operator management.
Additional Details:
- Owner Tenure: Since 2020
- Reason for Selling: Family commitments
This is an excellent opportunity for an owner-operator to capitalize on an already profitable business with considerable growth potential.