Corporate Location Looking For A Franchisee
Lebanon, PA
Asking Price: $470,000
Gross Sales: $1,488,313
Net Operating Income: $141,559
Monthly Rent: $11,860
Lease Expiration: 01/2029
Options: (Contact For)
Year Established: 1999
Owner Operated: No
Seller Financing: Yes
Food Type: American, Diner, Ice Cream/Frozen Yogurt/Gelato
Service Type: Full Service
Business Type: Franchise
Sale Type: Business For Sale

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. And 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. Breakfast, lunch, dinner and dessert. Dine-in, takeout and 3rd party delivery. Also catering, make-your-own sundae kits and family meals. And a loyalty program - their Sweet Rewards Club.

Well established location for over 23 years. Remodeled in 2013. 2022 YTD sales up 13.1%!

Friendly’s is a franchise company that is built around families and founded upon ice cream. Friendly's is dedicated to quality in all that they do. From their signature SuperMelt Sandwiches to their custom-made Big Beef Burgers, 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, Friendly's ends every delicious meal with incredible homemade ice cream in unlimited shapes, sizes and flavors.

Friendly's vision and mission is "to be the leading casual full-service restaurant/ice cream shoppe and premium retail ice cream brand in the Eastern United States”...known for operations excellence, great signature foods, famous ice cream shoppe desserts, sparkling clean facilities, prompt, friendly service and dedicated, talented people... resulting in outstanding customer loyalty and consistent profitable growth.

Because this is a corporate store there is limited financial information. Franchise agreement and lease are transferable and the franchisor will help with training and transition.

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 employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

County: Lebanon
Location:

Prime retail space in a freestanding building on busy Quentin Rd (Route 72) along with Mavis Discount Tire, McDonald’s, Infinito’s Pizza Buffet, Dollar General, Sears Appliance Repair, Giant Food, CVS, Staples, Joann Fabric & Crafts, Lowe’s Home Improvement, Dunkin’, Mattress Firm, Verizon, Five Guys and more. Perfectly situated near South Hills Park & Golf Course and Shyda’s Outdoor Center!

Real Estate: Leased
Facilities:

Lease Information: Leased space $11,860/mth gross. Current lease expires Jan 2029. Square Feet: 4,096. Seating: 142. Days/Hrs of Operation: Daily 8a-10p.

Number of Employees: 26.
Support/Training: Two weeks on-site training and @ an approved training store.
Value of FF&E: Included In Asking Price.
Value of Inventory: Included In Asking Price.
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. Currently there are a total of 137 Friendly's in 12 states and 127 cities 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!

Growth and Expansion:

Friendly's started in Springfield, MA as a small ice cream shop owned & run by brothers Prestley & Curtis Blake in 1935. 5 years later the brothers opened another shop in W Springfield and added food. Within a decade the restaurant grew across MA and into CT. In 1979 the brothers retired & sold their company to Hershey’s and in 1988 the company was sold to TRC. Then in 2021, Amici Partners Grp involved with some of the best-known casual dining chains and an affiliate of BRIX Holdings, a successful multi-brand franchising company acquired Friendly’s.

Seller Financing Available: Yes, to a qualified buyer with substantial down.
Reason For Selling: Corporate location looking for a franchisee. Franchisor looking to focus on the franchising of the brand only.