Established Friendly’s w/Drive-Thru Rehoboth Beach, DE - Coastal Hwy!

Asking Price$150,000

Cash Flow
$89,775
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$752,178

Inventory$15,000
Not included in asking price
FF&ENot Disclosed

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Established Friendly’s w/Drive-Thru Rehoboth Beach, DE - Coastal Hwy!


Asking Price$150,000

Cash Flow
$89,775
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$752,178

Inventory$15,000
Not included in asking price
FF&ENot Disclosed

Business Description
An iconic brand serving a mouthwatering classic American menu of signature entrees, burgers, sandwiches and hand-crafted, specialty ice cream for over 80 years. Plus, a recently launched menu with a dozen great new items from burgers to melts to pastas to salads along with new ice cream flavors.

Full-service restaurant. Breakfast, lunch, dinner and dessert. Dine-in, takeout, pickup and 3rd party delivery. Online ordering also available. In addition to catering, make-your-own sundae kits and family meals. And a new loyalty program. Plus, online ordering.

Also, Friendly’s recently updated their POS system to Revel which has a lot more capabilities such as cloud based, digital, tablets for servers and more.

Friendly’s overall has been built around families and founded upon ice cream. A franchise dedicated to quality in all that they do. Every meal is freshly made offering delicious new dishes and classic comfort foods that can only be found at Friendly's. And to top it all off, they end every delicious meal with incredible homemade ice cream in unlimited shapes, sizes and flavors.

Their vision and mission is "to be the leading casual restaurant/ice cream shoppe and premium retail ice cream brand...known for operations excellence, great food, famous ice cream shoppe desserts, sparkling clean facilities, prompt friendly service and dedicated people...resulting in outstanding customer loyalty and consistent profitable growth.

And since the arrival of new ownership in Jan 2021 by BRIX Holdings LLC, a multi-brand restaurant management/franchising company, the brand has overall posted positive same store sales. Plus, digital mix is up. Also, the ad fee has been reduced to 2.5% to help franchisees combat increasing COGs.

Prime retail space in freestanding with drive-thru in an out lot of a Walmart shopping center along with Taco Bell, Popeyes, Wendy’s, Michaels, Everyone Fitness, Harbor Freight, Nick’s Mini Golf and more. Perfectly situated on busy Coastal Hwy lined with restaurants and retailers. Near Tanger Outlets and several other popular shopping centers. Just minutes from the beaches!

Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours.

Listed By Nicole Rayborn at EatZ & Associates
About the Business
Years in Operation
3
Number of Employees
47
Franchise
This business is an established Friendly's franchise
Facilities & Assets
Leased space $10,612/mth gross. Current lease expires Dec 2031.

Square Feet: 2,400.

Seating: 100.

Days/Hrs of Operation: Daily 11a-10p.

Owners Role: Absentee owned and operated.

Value of FF&E: Included In Asking Price.
Website
http://www.eatz-associates.com
Market Outlook / Competition
A friendly place for families to enjoy a meal together. Famous for their homemade ice cream. Best kids’ menu in America!

A popular and much-loved brand. As one of America’s most cherished ice cream shops, Friendly’s has been a part of millions of family occasions for decades along the East Coast.
Opportunities for Growth
Serving up ice cream and delicious fun since 1935.

Currently there are over 100 Friendly's restaurants in 11 states with plans to open more. And with newly remodeled restaurants, new menus and drive-thru opportunities, there has never been a more exciting time to become a part of Friendly’s!

And now with BRIX Holdings at the helm, the focus moving forward is geared towards innovation, marketing and technology with plans to introduce new food/ice cream offerings, bright new restaurants and unique ways to reach and satisfy more guests!
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,400
Rent
$10,612.00 per month
Lease Expiration
12/31/2031
About the Sale
Seller Motivation
Other interests.
Transition Support
Two weeks on-site training and @ an approved training store.
Financing Options
No.
Listing Info
ID
2348267
Listing Views
2355
Business Location

Contact Seller

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Business Listed by: Nicole Rayborn EatZ & Associates

Listing ID: 2348267 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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