When a franchisee fails, you don’t often see the franchisor swoop in and take over the lease and operate failed location, but Graeter’s is doing just that in Kentucky. Graeter’s corporate is acquiring several stores like it did for another franchisee back in late 2010.
Sales were reported in a broker’s sheet to be in excess of $3 million for the past three years. The asking price is $2.75 million plus a transfer fee.
Read more: Graeter’s Northern Kentucky franchisee puts stores on the block | Business Courier
For you non-Cincinnatians, Graeter’s ice cream is a local marquee brand in the Ohio Valley.