Fred's Custard & Grill is for sale
Looking to get into the frozen custard game?
Now might be the time. Fred's Custard and Grill, 4726 W. Vliet St., is for sale and the asking price is $329,000.
Fred's opened in 1967 and is popular with the Washington Heights crowds and folks in the surrounding neighborhoods. It does a brisk business especially when busy Wick Field across the street is rocking with softball and other leagues.
With little seating – but some – Fred's does a lot of carry-out business, selling Chicago hot dogs, burgers and more.
The sale of the business includes the 967-square foot building – erected in 1957 to house a Tastee-Freez (and later home to Wilke Frozen Custard) – currently assessed by the City Assessor's Office at $145,000, although the listing on BizBuySell.com states that owners Jim and Carol Carter are "willing to consider a sale without the real estate with a triple net lease."
The listing includes details on cash flow and gross revenues.
The Carters, who have owned Fred's for about nine years, are willing to train the buyer in the nuances of the business.
"We are retiring," said Jim Carter. "The plans are to move to Florida and buy a boat."
Make sure they show you how to make a perfect dusty road before they go.
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