Huntingdon Valley, PA 19006,650 WELSH RD #622
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Huntingdon Valley, PA 19006,650 WELSH RD #622
Huntingdon Valley, PA 19006,650 WELSH RD #622
Huntingdon Valley, PA 19006,650 WELSH RD #622
Huntingdon Valley, PA 19006,650 WELSH RD #622

$140,000

Est. payment /mo

$130,000

7.7%
Est.Price: ?

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650 WELSH RD #622 Huntingdon Valley, PA 19006

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

Water Access N

Accessibility None

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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Bright MLS (BMLS)
Listed by Raymond Lind • KW Commercial
Bought with Raymond Lind • KW Commercial

Lisa Jackson

License ID: MD (5006876) & DE (RS-0038166)

+1(717) 649-7248

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