New ListingHighly profitable, turn-key frozen yogurt restaurant. Great numbers: ~24% cap rate if owner-absent, up to ~37% cap rate if owner provides labor. Located in a destination resort town on the coast in Santa Barbara County, known for its culture, food, and idyllic setting. Easy to learn the entire business in only a few hours, but seller will provide up to two weeks of training and assistance during transfer. The store takes only a single person present to run it, requiring about 70 to 80 hours of labor per week. Great location in a high-volume shopping center, only about 8 blocks to the beach. Established and well-known in the community, this store has been open for 18 years, with 7 years under current owner. Business for sale only, no real estate, but business includes ~$100,000 in specialized equipment, and would likely cost more than twice that to replace. Priced to sell as a high-value, high-return small business investment that will immediately perform. Owner strongly prefers all-cash offers. Location and business records to be withheld until signing of a non-disclosure agreement.
| MLS # | V1-39231 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 4 |
| Listing Provided By | Santa Barbara Estates | Christopher Page |
| SQ Feet | 826 |
|---|---|
| Acreage | 0.02 |
| State | CA |
|---|---|
| County | Santa Barbara |
| City | Santa Barbara |
| Zip Code | 93101 |
| Area | VC81 Santa Barbara |
| Listing VS Median (in 93101) | |
Price: $495,000 low | high Med: $2,750,000 sqft: 826 low | high Med: 3,020 $ / sqft: $599 low | high Med: $911 On site: 4 low | high Med: 29 | |
| State | CA |
|---|---|
| County | Santa Barbara |
| City | Santa Barbara |
| Zip Code | 93101 |
| Area | VC81 Santa Barbara |
| Listing VS Median (in 93101) | |
Price: $495,000 low | high Med: $2,750,000 sqft: 826 low | high Med: 3,020 $ / sqft: $599 low | high Med: $911 On site: 4 low | high Med: 29 | |