Popular Ice Cream Franchise For Sale – Schaumburg, Illinois
Popular Ice Cream Franchise for sale in the Schaumburg, Illinois region for $299,000! Established franchise currently grossing an estimated $436,525 and nets $95,494. Great location within a mall and with a large children’s play area nearby providing consistent foot traffic. Includes all restaurant equipment. This restaurant benefits from offering well-known product lines, bringing in customers on a year-round basis. This is a great opportunity to purchase a fully built out store. The ground work has already been done! New owner will need to be approved by the landlord and franchisor. Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The total current gross revenue being generated is estimated at $436,525.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Unfortunately there is no seller financing. However, if financing is needed for startup cost you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, taxes and licenses, advertising, supplies, food, utilities, property rental fees, royalties, repairs, credit card fees, janitorial fees, office expenses, telephone, training, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 7 years. New owner must be approved to take over. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in the Schaumburg, Illinois region. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: 3 dipping cabinets, walk-in freezer, 2 one-door refrigerators, 2 under-counter refrigerators, 2 POS register systems with printers and Verifone credit card terminals, security system with 8 cameras, all kitchen equipment including scoopers, kitchen utensils, and much more!
What size and how many customers can this restaurant seat?
This restaurant benefits from food court seating.
Does this restaurant currently have a beer or liquor license?
There is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 17 years.
Why is the owner selling?
Owner is retiring.
What are the hours of operation?
This restaurant is operated from 10am to 9pm Monday – Saturday and 11am to 6pm Sunday.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
A great opportunity to own an existing franchise. This location has a great reputation and brand recognition as well as brings in customers on a year-round basis! Includes all equipment. Priced to sell at $299,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.