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71 E Hanford Armona Road

Lemoore, CA 93245
  • $1,200,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: SR22162273
UPDATED: 57 min ago
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
County:

School Ratings & Info

Listing Agent(s): Robert Mitelhaus of Robert Mitelhaus (661-373-7443)


Description

Fosters Freeze Franchise Existing Operating for sale. Business and Real Property are both available for sale. New equipment, recently remodeled and sales have tripled over past 4 years due to current operator (former Taco Bell District Manager). Current Owner retiring and moving out of State.Current owner has management team that operates the restaurant. He lives an hour from store. He comes in once or twice a week while his management team operates the restaurant. Great management group operating the store. All of them are his employees. Over $300,000 spent on new equipment and remodeling over past 3 years.Recent comp sale of Fosters Freeze business / real property this summer, in Kern County, sold for $3,800,000. Difference was the recent sale had 20 year old equipment and needed to be remodeled. This business has new equipment, real property has been recently remodeled and sales are similar to recently sold franchise in Kern County. Do not direct any questions to any employee. All inquiries are to be directed to listing broker.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-18T08:29:25.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Concierge Real Estate Services, Inc.. Licensed in the State of California, USA.
www.findyosemiteareahomes.com/homes/131200673
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71 E Hanford Armona Road Lemoore, CA 93245

  • Price: $1,200,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 57 min ago
  • ID#: SR22162273
0
Beds
0
Baths
0
½ Baths
N/A
Acres
County:
Kings
Property Description
Fosters Freeze Franchise Existing Operating for sale. Business and Real Property are both available for sale. New equipment, recently remodeled and sales have tripled over past 4 years due to current operator (former Taco Bell District Manager). Current Owner retiring and moving out of State.Current owner has management team that operates the restaurant. He lives an hour from store. He comes in once or twice a week while his management team operates the restaurant. Great management group operating the store. All of them are his employees. Over $300,000 spent on new equipment and remodeling over past 3 years.Recent comp sale of Fosters Freeze business / real property this summer, in Kern County, sold for $3,800,000. Difference was the recent sale had 20 year old equipment and needed to be remodeled. This business has new equipment, real property has been recently remodeled and sales are similar to recently sold franchise in Kern County. Do not direct any questions to any employee. All inquiries are to be directed to listing broker.
Interior Features

Building Features Phone System

Property Features

Additional Parcels YN No Business Type Fast Food Leasable Area 2465 Listing Agreement Exclusive Right To Sell Listing Terms Cash To New Loan



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-18T08:29:25.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Concierge Real Estate Services, Inc.. Licensed in the State of California, USA.
 
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Concierge Real Estate Services, Inc.
4989 California 140
Mariposa CA, 95338
Listing Agent(s): Robert Mitelhaus of Robert Mitelhaus (661-373-7443)