Business Overview:
Established 3.5 years ago with great knowledge of the techniques for the production of premium quality Italian ice cream appreciated world wide as “GELATO” following authentic recipes from the “old country” plus many created by owner from local favorites, all natural ingredients, no preservatives, truly artisanal and wonderful. Also available, a minimum of 30 Gelato recipe’s, all natural ingredients, no flavorings, preservatives, coloring, nothing artificial! Salads, Italian style panini and US sandwich favorites made fresh, followed by flavor full Italian coffees. The first location is very close to UTEP, the Cincinnati entertainment district and Kern Place; the second is in a high end West side shopping and center with the highest income market in El Paso. Production is centered in store #2, if bought separately. production equipment will be added to site #1. Not included in this sale, but available for sale is enough equipment to set up a third store. Maybe in fast growing east El Paso. Casual ambience and high quality are the hallmark for success in today’s food market. Locations may be sold separately, location #1 $55,000, location #2 $120,000. Furniture, fixture and equipment location #1 $24,840, location #2 $90,000. Gross sales and EBITDA are based on 2011 annual estimated. The seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.
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.
Property Features and Assets:
Store #1 is very efficient with a “to go” clientele, although two benches with 6 chairs are available under the entrance pergola. Monthly rent $550.00. Store #2 with approximately 1,000 square feet, has indoor modern seating for 24 plus a popular covered patio for 14, ample parking makes it convenient. Monthly rent $875.00. Rental contracts run till May 2014 and November. 2012 respectively. Management and operations are kept simple: the owner and gelato expert makes Italian ice cream daily, his wife oversees customer service and 2+3 part time employees complete the workforce. Open Tuesday through Sunday basically from 12 to 9 pm with schedules finely tuned to market demands on different days of the week.
Market Competition and Expansion:
Both stores are in very stable areas that need to be more aggressively marketed for probable higher yields. They have many repeat customers. No more than two or three other restaurants in El Paso sell gelato style Italian ice cream, but none can match the quality of this product. Some marketing ads and aids included.
Growth potential and expansion: There is great potential for additional points of sale supplied from existing production capacity. Also, the restaurant wholesale market has hardly been contacted and concession points of sale have only been superficially considered.
Reason for Selling:
Owners wish to devote more time to other business
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: