$50,000
$54,850
8.8%For more information regarding the value of a property, please contact us for a free consultation.
1551 S VALLEY FORGE RD Lansdale, PA 19446
1.08 Acres Lot
Key Details
Sold Price $50,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAMC2070092
Sold Date 11/01/23
Originating Board BRIGHT
Year Built 1983
Annual Tax Amount $62,068
Tax Year 2022
Lot Size 1.080 Acres
Acres 1.08
Lot Dimensions 0.00 x 0.00
Property Description
Business Features-This turnkey, fully operational, Owner operated, DQ franchise business operating for 35 years at this same location and has very favorable social media reviews. The approx. 1,260 square foot space (real estate not included) is well equipped and has a great staff already in place. This Dairy Queen Treats business, located in the small local community of Lansdale, PA has a loyal following. The equipment, included in the sale, is older, altho, well-maintained, and in good condition. The inventory is additional, currently estimated at $3,500.
Average 3 years Cash flow: $67,000 with Depreciation. Sales are consistent for three out of the past 4 years, averaging $218,000 annually. In 2020, during Covid, sales took a hit due to this business not having a drive-thru, nor did it utilize the ever-popular online services of DoorDash and the like. The store is open year-round, eliminating seasonality difficulties like reduced revenue circumstances, avoiding the hassle of a yearly close-down and start-up process for the business, and the costly and time-consuming process of hiring/training new staffers.
Facility-This is a sit-down DQ Treats with 3 outdoor community tables, and inside seating for a total of 14, with plenty of room for small events or birthday parties. The approx.1,260 square foot space has a lease in place until January 31st, 2024.
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Key HIGHLIGHTS:
• Large repeat customer base!
• Great location with sufficient parking.
• Safe and Secure Investment – People love Dairy Queen! Strong Brand Awareness.
** This is a great opportunity to be your own boss and make people happy.
Purchase Price and Terms of Sale:
The Listing Price is $54,850 including all FF&E, the inventory will be added to the purchase price at closing. The estimated Closing Inventory is $3,500.
Additional Costs:
*Dairy Queen Royalties are 8 percent per month on the gross sales
*Franchise new owner transition fee would be roughly $5500-$6000
Location
State PA
County Montgomery
Area Upper Gwynedd Twp (10656)
Zoning COMMERCIAL
Interior
Hot Water Other
Heating None
Heat Source Other
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District North Penn
Others
Tax ID 56-00-09021-121
Ownership Leasehold
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Raymond Lind • KW Commercial