$140,000
$130,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
2.45 Acres Lot
SOLD DATE : 06/01/2023
Key Details
Sold Price $140,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAMC2032168
Sold Date 06/01/23
Originating Board BRIGHT
Year Built 1962
Annual Tax Amount $76,631
Tax Year 2023
Lot Size 2.450 Acres
Acres 2.45
Lot Dimensions 425.00 x 0.00
Property Description
Business Features-This turnkey, fully operational, DQ franchise business operating for over 25 years at this same location has very favorable social media reviews and market rents. The 1,000 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 Huntingdon Valley, PA has a loyal following. The equipment, included in the sale, is well maintained, in very good condition, and has always been maintained by a professional HVAC contractor. The inventory is additional.
Average 3 years Cash flow: $63,016. Sales are consistent, and higher than pre-covid numbers, indicating the resilience of this business.
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 5 tables, seating a total of 20, plenty of room for small events or birthday parties. The 1,000 square foot space has a lease in place until September 30, 2024.
Market Outlook/Competition:
Covid had a positive impact on business revenues and shows steady Year on Year growth.
Key HIGHLIGHTS:
• Many repeat customers!
• Great location with sufficient parking.
• Safe and Secure Investment – People love Dairy Queen!
• Can be run as semi-absentee ownership, and still be profitable. The owner works on average 5-8 hours per week on business items. This can vary depending on how much you would like the manager involved.
** There is a great opportunity to be your own boss and make people happy. Ability to increase sales and profit by working a few, or many shifts yourself. Call for details!!
Purchase Price and Terms of Sale:
The Listing Price is $165,000 including all FF&E, the inventory will be added to the purchase price at closing. The estimated Closing Inventory is $3,500.
Location
State PA
County Montgomery
Area Lower Moreland Twp (10641)
Zoning COMMERCIAL
Interior
Hot Water Other
Heating Other
Cooling Central A/C
Heat Source Other
Exterior
Garage Spaces 50.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 50
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Hatboro-Horsham
Others
Tax ID 41-00-09901-003
Ownership Leasehold
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Raymond Lind • KW Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "