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UNDER CONTRACT - Albuquerque’s Iconic Frozen Yogurt Shop for Sale

Unm, NM (Bernalillo County)

Part-Time Business Opportunity
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Asking Price: $250,000

Cash Flow: $76,750

Gross Revenue: $322,975

EBITDA: N/A

FF&E: $126,667

Inventory: $1,500

Rent: $2.56 /Month

Established: 2010

UNDER CONTRACT - Albuquerque’s Iconic Frozen Yogurt Shop for Sale

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Business Description

An authentic Albuquerque Brand with a Popular Customer Loyalty Program

New owners will walk into a true turnkey, professionally managed business featuring products with broad mass appeal. This is a well-known brand closely associated with Albuquerque. All the systems, protocols, staff and brand recognition are in place to support new owners. The Seller works about five hours a week in the business, all from home.

Olo Yogurt Studio is an independent, self-serve frozen yogurt and gourmet treat shop. Since opening in in 2010, it has become a popular Nob Hill destination.

In addition to self-serve frozen yogurt, Olo offers gelato, custard, sorbet, and ice cream. Pre-packed pints, beverages, and logo gear are also available. With over 50 toppings, customers create their own unique treat.

Detailed Information

Location:
UNM, NM
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,282
Lease Expiration:
4/30/2020
Employees:
1 FT, 7 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in Albuquerque’s popular Nob Hill, a historic neighborhood known for its eclectic locally-owned retail, brew pubs, coffee shops, live music venues, and fine dining restaurants. Near the UNM campus, it is frequented by college students, professors, professional, families and visitors to the area. The award-winning branded interior features $146,000 in leasehold improvements.
Competition:
Olo Yogurt Studio offers Albuquerque residents and visitors a unique experience. Patrons get more bang for their buck, support a business active in the local community, and enjoy a quality, rotating selection of frozen desserts.
Growth & Expansion:
An engaged owner who works part or full-time in the business can expect to see the cash flow increase. Once Albuquerque’s Area Rapid Transport (ART) project is completed, it should bring more visitors to the downtown area.
Support & Training:
Sellers will negotiate a training and transition period. In addition, new owners will also be supported by an excellent staff with high morale.
Reason for Selling:
The Sellers will focus on other, non-competing interests.
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Michael Greene

Business Listed By:
Michael Greene

Sam Goldenberg & Associates

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