Franchise-Ice Cream, Very Profitable -No. Ca

BUSINESS OVERVIEW:
The shop is 955 square feet. Original 5-year lease (4/27/15 – 4/30/20), started at $2,000/sq. ft. with annual increases of 4%, and three (3), 5-year options. The Lease is now in the start of the second, 5-year option, and the third five-year option will end on 4/30/35. (Note: All options are also on a 4% increase)

This ice cream specialty shop has been in operation for over eight (8) years. They have always supported the local community and all the activities of the shopping center. Not only has this business opportunity been profitable over the years, but with the planned updated remodel in 2027 it will surely be more profitable in the future.

Baskin-Robbins was founded in 1945 in Glendale, CA, by Burton Baskin & Irvine Robbins, ice cream enthusiasts and brothers-in-law, whose passion inspired what is now the world’s largest chain of ice cream specialty shops. What. was once a selection of just 31 flavors--Baskin-Robbins “31” stands for a different ice cream flavor for each day of the month—has grown to more than 1,400 in its flavor library. There are 2,400 locations in the U.S., and over 7,700 worldwide. They are famous for making not just a huge variety of ice cream flavors. Sometimes you need a little something extra; like a Cappuccino Blast, a handcrafted sundae or a special ice cream cake, no matter what you are celebrating.

DEMOGRAPHICS:
• Located nine (9) miles North of Santa Rosa, CA
• Population-2020 Census: 26,344, and 40,000 residents within a three (3) mile radius
• Median Household Income: $130,000 - $132,000
• Home Values: $760,000 - $780,000
• Major Retailers (within one mile): Safeway, Walmart, Raleys, Starbucks, and Applebee’s