Description
Fosters Freeze Franchise Existing Operating for sale. Business and Real Property are both available for sale. New equipment, recently remodeled and sales have tripled over past 4 years due to current operator (former Taco Bell District Manager). Current Owner retiring and moving out of State.Current owner has management team that operates the restaurant. He lives an hour from store. He comes in once or twice a week while his management team operates the restaurant. Great management group operating the store. All of them are his employees. Over $300,000 spent on new equipment and remodeling over past 3 years.Recent comp sale of Fosters Freeze business / real property this summer, in Kern County, sold for $3,800,000. Difference was the recent sale had 20 year old equipment and needed to be remodeled. This business has new equipment, real property has been recently remodeled and sales are similar to recently sold franchise in Kern County. Do not direct any questions to any employee. All inquiries are to be directed to listing broker.
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Description
Fosters Freeze Franchise Existing Operating for sale. Business and Real Property are both available for sale. New equipment, recently remodeled and sales have tripled over past 4 years due to current operator (former Taco Bell District Manager). Current Owner retiring and moving out of State.Current owner has management team that operates the restaurant. He lives an hour from store. He comes in once or twice a week while his management team operates the restaurant. Great management group operating the store. All of them are his employees. Over $300,000 spent on new equipment and remodeling over past 3 years.Recent comp sale of Fosters Freeze business / real property this summer, in Kern County, sold for $3,800,000. Difference was the recent sale had 20 year old equipment and needed to be remodeled. This business has new equipment, real property has been recently remodeled and sales are similar to recently sold franchise in Kern County. Do not direct any questions to any employee. All inquiries are to be directed to listing broker.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-04-02T00:27:13.52. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.