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Asking Price:	$250,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Coffee, Cafe, Dessert
Reason for Selling:	Owner is retiring.
Year Established:	1982
# of Employees:	8
Yearly Revenues:	$400,000
Yearly Cash Flow:	$115,000
Yearly EBITDA:	$115,000

Business for Sale Overview:

Tremendous opportunity to own a recently renovated 25 year-old major brand ice cream store franchise located in a large shopping plaza in the White Plains, NY area on a major commercial street. The store has been recently renovated; the current owner has invested well over $100,000 in build-outs and renovations to the location. This expanded ice cream store, not only sells a wide variety of flavors of ice cream, drinks, sundaes and cakes, but also has a crepe and salad section ($40,000 addition). The current absentee owner (he owns 4 other franchise stores) has developed an extremely well-run operation. The asking price is well justified by the franchise’s well known brand name and the great cash flow consistently produced by the business. This is an excellent opportunity for a newcomer or someone with an ice cream or restaurant franchise background to step into an extremely profitable and well run operation.

Property Features and Assets:

The 25 year-old franchises is located on a major street in a large shopping plaza in the White Plains, NY area. The recently renovated store is located in a 1,500 square feet space with new counters ($40,000) for crepes and salads. There are 6 years left on the current 10-year lease. The new owner will need to be approved by the company.

Market Competition and Expansion:

There is some competition from other similar type businesses; however, there are no other stores of this franchise in the area. This business has significant growth potential for the right buyer. The current owner operates as an absentee owner (he owns 4 other franchise stores); therefore, if a new owner was hands-on, this would result, both, in higher sales and also, a higher bottom line because a manager would not be needed.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for the new owner.
• This is not a homebased business opportunity.
• This is a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.