TCBY YOGURT SHOP Metro Detroit, Unit 2

Wayne County, MI
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Asking Price:$239,998
FF&E:$250,000
Rent:$26/SF/Year
Established Year:1987
BUSINESS DESCRIPTION

PRICE REDUCED!!! This TCBY Yogurt Shop has significant sales 12 months a year; Not just during the Summer. This Yogurt Shop has been a money maker for 37 years. Opened in 1987 and meticulously maintained through the years, many customers have made this their favorite treat location.  The owner's work with the local schools, charities and the community has resulted in a stellar reputation and strong local bonds with the surrounding community.  This store represents the best in "absentee-owner" controls in place.  With minimal on site contact and periodic review on thee internet based camera system, the new owner can continue the same method of operation or take hands-on control and significantly increase the year one bottom line take home income.  Staff in place.  Sales averaged over $400,000 per year and EBITDA averaged over $49,000 per year.  Net $80,000 the first year as owner-operator or $50,000 or more as absentee owner witn minimal weekly on site contact.  It would cost you over $300,000 to open a new location today and you wouldn't have the sales this one already has booked.  Established stores of this brand regularly sell for four times EBITDA.  The finish levels in the front of house  are great.  The equipment in the back of house is first class.  Some of which is less that a year old.  Take a look!  You won't regret it.

You must be able to qualify as a franchisee to purchase this location. Franchisor will not require a remodel on this location.  Other items required for the purchase of this franchise unit will be detailed in their purchase approval documents.


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,800
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Downtown walking district. $30,000 in equipment and site upgrades in 2023. Newly decorated. Remodeled in 2022. Unlimited lot parking near bye. High density rooftops in affluent area. Located in center of retail district.
Competition
Only yogurt shop in city.
Growth & Expansion
Continue to work the local schools and events for exposure to new customers.
Support & Training
Transition support is available. Franchisor training and certification.
Reason for Selling
Has 7 food service businesses. Something has got to go.
Franchise
This business is an established franchise
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Michael Scheid
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Michael Scheid