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71 E Hanford Armona Road

Lemoore, CA 93245
  • $1,200,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: SR22162273
UPDATED: 76 min ago
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,465
    SQFT
  • $487
    $/SQFT
Type:
Business Opportunity
County:

School Ratings & Info

Description

Fosters Freeze Franchise Existing Operating for sale. Business and Real Property are both available for sale. New equipment, recently remodeled and sales have tripled over past 4 years due to current operator (former Taco Bell District Manager). Current Owner retiring and moving out of State.Current owner has management team that operates the restaurant. He lives an hour from store. He comes in once or twice a week while his management team operates the restaurant. Great management group operating the store. All of them are his employees. Over $300,000 spent on new equipment and remodeling over past 3 years.Recent comp sale of Fosters Freeze business / real property this summer, in Kern County, sold for $3,800,000. Difference was the recent sale had 20 year old equipment and needed to be remodeled. This business has new equipment, real property has been recently remodeled and sales are similar to recently sold franchise in Kern County. Do not direct any questions to any employee. All inquiries are to be directed to listing broker.

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Based on information from CRISNet MLS as of 2022-08-08T23:56:21.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-08-08T23:56:21.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/131198236
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71 E Hanford Armona Road Lemoore, CA 93245

  • Price: $1,200,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 76 min ago
  • ID#: SR22162273
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,465
SQFT
$487
$/SQFT
County:
Kings
Property Description
Fosters Freeze Franchise Existing Operating for sale. Business and Real Property are both available for sale. New equipment, recently remodeled and sales have tripled over past 4 years due to current operator (former Taco Bell District Manager). Current Owner retiring and moving out of State.Current owner has management team that operates the restaurant. He lives an hour from store. He comes in once or twice a week while his management team operates the restaurant. Great management group operating the store. All of them are his employees. Over $300,000 spent on new equipment and remodeling over past 3 years.Recent comp sale of Fosters Freeze business / real property this summer, in Kern County, sold for $3,800,000. Difference was the recent sale had 20 year old equipment and needed to be remodeled. This business has new equipment, real property has been recently remodeled and sales are similar to recently sold franchise in Kern County. Do not direct any questions to any employee. All inquiries are to be directed to listing broker.
Interior Features

Building Features Phone System Leasable Area 2465.00

Property Features

Additional Parcels YN No Business Type Fast Food Year Established 1985

Listing provided courtesy of Robert Mitelhaus, CA DRE# 01387194, of Robert Mitelhaus.


Based on information from CRISNet MLS as of 2022-08-08T23:56:21.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-08-08T23:56:21.427. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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