Very Profitable Popular Ice Cream Shoppe!

Passaic, NJ
Passaic County

Asking Price: Annual Revenue:
$200,000 $438,822

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Very Profitable Popular Ice Cream Shoppe! Broker: Seth Kain

Quick Facts

Asking Price: $200,000
Annual Revenue: $438,822
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 35
Employees: 8
BBN Listing #: 10152979
Broker Reference #: 6151SK

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Business Overview:

Priced to Sell!! 28 year old signature ice cream shop & deli in a high-traffic town. Many kids & sports teams from the area frequent the shop. The husband & wife team plan to retire once the store's sold. A unique business selling a high volume of ice cream & ice cream cakes, soup & sandwiches. There's a free parking lot on the side of the building. FURNITURE, FIXTURES, & EQUIPMENT of $60,000 included in sale. OTHER EXPENSE: Security Service $275. $24,000 added to Annual Payroll to cover for wife's wages. Financials are for year end 2017. 2018-2020 financials are quite similar sales-wise & cash flow-wise. Contact Seth @201-317-4710 fro additional details & showing.

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Property Features and Assets:

1,125 square feet. Approximately 900 square feet inside the store along with approximately 225 directly out back (partially enclosed area). 6 spaces along with room for one other care in their own lot. Metered parking on the street. Owners have 6 years left on their lease. A new qualified owner can at minimum of 6 years with a pretty good chance to get a longer lease if so desired.

Market Competition and Expansion:

There’s only one ice cream shop, but it’s a good mile away in the next town. There’s several in a different neighboring town. Though most of them are “chain” shops, and most are a bit further away. Since this shop has a wide array of menu items including deli and hot food mentioned above, the only thing a new owner could do to expand it to offer delivery service within their town.

Reason for Selling:

The two owners are both retiring.

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.

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