Business for Sale Overview:
Highly successful name brand Ice Cream Parlor at a very attractive price. Newly renovated, this is a clean, cheerful store with new equipment on the busiest street in the heart of town. The location is literally walking distance from the town elementary and junior high schools, the town church, railroad and residential houses, which drives year round activity. The store grossed approximately $230,000 in 2007, with a Net Income of approximately $104,000. The seller is asking a negotiable $199,000. That is less than 2x's multiple. Brand name, large selection of hard ice creams and a soft serve machine with the ability to make 10 flavors, and a frozen yogurt machine offering 24 different flavors (which change every week); makes this a popular destination. The lease is phenomenal with 12 years left and a rent of only $2,864 per month (including taxes and maintenance) for a 2,500 square feet store. You will not find a better lease for an ice cream store! The store currently books private parties as it can seat 25 people, but the space allows you to add a 'Party Room', game stations, and other food items. There is so much space that you could add another franchise such as a Subway, Blimpie, or Nathan's. The store has demonstrated steady revenue growth since it opened. The store is well connected into the local school district and is utilized for teacher/student events. New town projects have just been opened (court house and nearby Franchise), that have increased traffic. Good part time help has been easy to hire, so one of the current owners did not need to always be in the store. Franchiser is very supportive. Easy and fun business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
owner is relocating
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.