Iconic Craft Ice Cream Company With Liquor License
Not Disclosed, MI Kent County
West Michigan
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- RE: Iconic Craft Ice Cream Company With Liquor License
- Contact: Steve Huntley
Quick Facts
| Asking Price: | $399,000 | |
| Annual Revenue: | $630,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $125,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2013 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 741431216 | |
| Broker Reference #: | SH05102023 |
Business Overview:
This delicious opportunity offers a variety of revenue streams including retail, wholesale and catering. To ensure the highest product quality, all ice cream recipes are made in house. The company offers several different “better for you” healthy choices including gluten free, dairy free and vegan. Flavors including alcohol are also available (the business comes with a full class C liquor license) and is served in floats, shots over ice cream, wine sorbet and the like. A registered trademark has been granted for one of their iconic products.
Investment Highlights
Average Revenue (2 year): $ 630,000
Average SDE (2 year): $ 125,000
Liquor License
Brand Name
Loyal & Trained Work Force
With a favorable SDE multiple of 3.0x, the business is attractively priced at $399,000. The seller envisions an asset sale in which he retains cash and A/R while retiring all liabilities. For a qualified buyer the seller will carry a meaningful note.
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Market Competition and Expansion:
Areas of opportunity include the expansion of catering operations, increasing brand awareness and adding additional store fronts. The work force is self-directed (follow established procedures) and require minimal supervision. Additionally, the seller has agreed to remain for a thorough transition period with a consulting option to stay longer if required for recipe/product development, strategic planning, etc. The sale includes $264,000 of fixed assets (equipment, etc.), recipes and of course the class C liquor license. Inventory is also included which was valued at $60.000 in early 2024.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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