Frozen Yogurt Shop and Coffee Bar
Asking Price: $99,000
Location: Saratoga, NY
Plum Dandy Frozen Yogurt is an independently owned and operated frozen yogurt shop and coffee bar; this is NOT a franchise. It is the area’s first and best premium frozen yogurt shop and bubble tea bar. There are always eight freshly made frozen yogurt options, including sugar free and dairy free varieties, with over fifty toppings available. In addition, the shop sells bubble teas, exclusive branded coffee, delicious protein shake and smoothie options, steel-cut oatmeal, fresh baked cookies, muffins and more. The company also caters for special events like graduation and birthday parties, office functions and fund raisers.
Year Established: 2010
Employees: The current owners have neither the time nor opportunity to provide hands-on management and currently run the business absentee. There are 6 – 8 part-time employees, depending upon the season.
Facilities: The business leases approximately 1,770 sq. ft. of retail space. Annual rent is currently $64,800 per year. The lease term is for a period of four years, with a three-year option to renew.
Competition: There are no other frozen yogurt shops in close proximity. There is a Menchie’s franchise, located in a shopping mall, several miles away. There is a Ben & Jerry’s franchise in town and a Kilwins franchise that sells ice cream but is primarily a confectionery shop.
Growth & Expansion: The Saratoga community sponsors a multitude of year-round events that would surely benefit from the shop’s catering services. Setting up delivery services to Skidmore College, SUNY Adirondack, Empire State College and Saratoga Hospital to name a few, would increase revenues substantially.
About the Sale
Financing: The owner would prefer cash at closing, but may consider some financing for a qualified Buyer.
Support/Training: The owner will stay on for a negotiated transition period to train the Buyer.
Sale Objective: The owner has other business interests.
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