UNDER Market – Fort Worth-Keller Established, Profitable Frozen Yogurt Shop for Sale 19770 – needs New owner NOW
MegaBite Restaurant & Bar Brokers offers, for your ownership consideration, a 5-year old TCBY franchise, providing soft serve and hand-scooped Frozen Yogurt and toppings to Keller and North Fort Worth. The business can be converted to an independent. Located in the busy Parkwood Plaza shopping center, the business serves customers of all ages providing multiple options to enjoy frozen yogurt such as waffle cones, shakes, shivers, cold drinks, coffee and take-out quarts. Traffic is driven to the shopping center by adjacent stores such as Subway and Smashburger and anchored by a large Academy Sports store. The business has easy access along on a busy major road (estimated 25,000 vehicles per day) with two High Schools, Middle School and many others nearby. 2016 Sales were $310,000. The business currently sells at a High School once per week. A new owner could add school locations to improve sales.
The buyer has SEVERAL options:
1) continue to operate as a TCBY franchise
2) convert to an independent frozen yogurt business
or 3) purchase as a package (and relocate by the buyer)
The business will benefit from a hands-on owner-operator. The business day to day operations have been overseen by an experienced store manager, who will be leaving at the end of the summer. Many growth opportunities exist for a new owner such as hands-on owner operation, better promotion, expansion in schools and catering advertising.
The estimated cost for a new, unproven location is approximately $200,000 to 490,000. This includes the initial franchise fee, startup costs, equipment, opening inventory and supplies, lease deposits, startup marketing and working capital. Actual costs vary depending on individual locations and other circumstances. The franchise agreement has a defined exclusive territory. A prospective new franchisee must have a net worth of at least $200,000, a minimum of $100,000 in liquid capital and good credit.
The asking price for the assets of the business is $50,000 ALL CASH OR $80,000 with $30,000 cash down plus $50,000 seller financing (3 years, 8% interest, monthly payments of approximately $1,566.82) to a purchaser qualified/approved by the seller. The seller prefers ALL-CASH. The assets include inventory at cost of $8,000 and FFE (Furniture, Fixtures and Equipment) valued at $50,000. Purchaser is responsible for any franchise transfer fees (estimated at $5,000).
Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161
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