31 Baskin Robbins

31 Baskin Robbins $390,000

6 employees
owner works as a manager
GROSS SALE $40K
Net $9,100
SBA LOAN AVAILABLE
1. Where does the 365k come into play.
: Listing price is base on current market value. There are several factors affect the price.
2. What is monthly lease and lease terms now.
Rent: The rent for this year is :
$3,459.66. / $500. CAM
Seller always receives the CAM adjustment for last year in March or April or May, so will be different for these month’s.
Lease expires in 2023 plus 5 years option
3. Assuming $9100 profit monthly is after all salaries paid and lease payment etc.
4. How many staff are currently employed and is the business running during COVID? Employees: 1 full time and 9 part times

The sales has gone up so much during pandemic. I guess families stay at home and eat Ice Cream only :-)
The owner has been operated the store for 30 years and it runs without owners.
The owners work as manager, but the store run with or without them. There are 9 par-times.

The store has established 60 years ago. The first owner had owned for 30 years and current owners have owned 30 years.
Rent: $3,459.66. / $500. CAM

Do not talk to the owner and employees.
No Co-op brokering.

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