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Key Details
Sold Price $56,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23081900
Sold Date 12/26/23
HOA Y/N No
Year Built 2021
Property Description
This is an established and profitable turnkey operation. Cereal Twister is very popular in the area and on social media. Currently increasing sales by an average of 14.3% in 1Q/2023. By catering birthdays, parties, and improving delivery platforms, new owner will make more money. Store partially renovated two years ago in a busy area of Westfield Topanga Mall, with a great customer base. Current lease ends in January/2025 and Landlord is open to negotiate. There is currently permission to sell ice creams, shakes, coffees, and smoothies.
All Equipment & Inventory included in sale price. Seller will provide 50 hours training during a two-week period to ensure a smooth transition. There is the option to continue with good and trained employees.
The space has a seating area and large front store with high visibility and electrical sign.
Seating capacity: 16
Front store: 45'
Its own cool brand, so there are no franchise fees or percentage of sales to pay to the franchisor. • Trademark and brand name is not include in the price • Buyer has the option to continue using the name Cereal Twister for free, for five years more. The recipe, business model and trademark are designed for fast growth and easy operation.
Buyer pays for closing costs (escrow, taxes, etc.).
This is a confidential listing so please Do Not Disturb the employees for any reason. Tours are by appointment only.
Location
State CA
County Los Angeles
Area Cp - Canoga Park
Interior
Fireplace No
Others
Financing Cash
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Bought with Carlos Barros Gonzalez • Rodeo Realty
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High State Realty
BROKER, OWNER | License ID: 02181686
BROKER, OWNER License ID: 02181686