SWEETEST DESSERT SPOT DEAL $99, 000! Welcome to the sweetest business opportunity in Queens, NYC! If you're looking for a profitable and established franchise, then Red Mango Fresh Meadows is the perfect most ideal location and business with a thriving Red Mango Yogurt & Smoothies store in one of the most sought-after and vibrant neighborhoods of Fresh Meadows! With over 200 locations nationwide, Red Mango is a very popular franchise that offers an array of frozen yogurt flavors, smoothies, coffee, and all types of healthy options. This profitable Red Mango Franchise location has been established since 2008, with over 15 years in business. Located in the bustling Fresh Meadows Shopping Plaza on 188th St, this business offers a prime storefront location with excellent visibility and high foot traffic. Fresh Meadows Shopping Plaza features a massive parking lot and is anchored by nearby giants including Starbucks, Boston Market, Qdoba, FiveGuys, AppleBee's Grill + Bar, AT&T, CVS, KOHLS, HOOTERS, AMC, USPS Post Office and many more! Inside the store front is trendy and renovated with great aesthetics, while also providing ample square footage space for comfortable seating and an inviting atmosphere for customers to enjoy. The store has been well managed and consistent in generating revenue, grossing over $750K+ in sales for 2022 (a jump from $657K sales in 2021). Sale will include favorable lease renewal terms, all equipment owned (including 4 Taylor Water Cooled yogurt machines, commercial fridges, POS system and other equipment), and hands-on training for a smooth transition to new owners! Red Mango is a simple-to-run franchise concept with franchise royalties of only 6% of sales, and the marketing fee is just 3% of sales. You'll also get the benefit of a major brand with all their ad spend, promotions, and marketing initiatives done for you to drive continuous business growth! The business owner has spent and invested over $300K+ for build out, franchise fees, and equipment for this storefront. This sale isn't just about the well-established franchise business - it's also about location and community! Fresh Meadows is a vibrant, diverse community that celebrates local businesses and values quality products and services. This Red Mango yogurt store in this neighborhood is a beloved gathering place for families, students from elementary, middle school, Franchise Lewis High School, St. Francis Prep, ST Johns U, and professionals alike. Plus, with a growing demand for healthy, delicious options, the industry has seen steady growth. An opportunity like this does not come often, and to get a store that is already established with a loyal customer base and ideal location is a rarity. If you're an entrepreneur looking to take advantage of a proven business model, a supportive franchisor, and a prime location, then don't miss out on this sweet opportunity!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$99,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $79,200 | $79,200 | $79,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $494 | $481 | $626 |
Total Monthly Payment | $569 | $556 | $701 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.