Italian Ice / Custard / Ice Cream & More!

Not Disclosed, VA
Virginia Beach City County

Asking Price: Annual Revenue:
$149,500 $218,361

Food & Beverage: Coffee, Cafe, Dessert

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RE: Italian Ice / Custard / Ice Cream & More! Broker: Frank Chebalo

Quick Facts

Asking Price: $149,500
Annual Revenue: $218,361
Net Profit: Not Disclosed
Cash Flow: $46,528
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 13
BBN Listing #: 72324955
Broker Reference #: 2007-12860

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Business Overview:

Italian Ice, Custard, & More! Operating just under 10 years this Number One ranked Quick Refreshment Specialty Ice hot spot continues as a leading location. Over 600 franchises populate the nation and as a result have grown to become the largest Italian Ice concept in the nation, currently operating in 19 states. You will be hard pressed to find a more proven business model than this Italian Ice Franchise! What’s even more exciting is the owner has little involvement, nearly absentee, and the location only operates six months a year! Yet in that capacity the owner is still enjoying a cash flow of nearly $50,000 annually. Moreover, the location is well established, conveniently located on a major thoroughfare with easy access and smack dab in the center of a major shopping district in a prominent zip code. The business model is proven, and has measurable and sustained incremental growth. Even more exciting, there is room to grow. The franchise offers, and this location is able to operate satellite units. So while the facility operates, a satellite unit can be positioned and operating in a people centered local venue during the busiest summer months. This business presents a buyer an exciting opportunity at a perfect time to take over. And that’s not all, the owner will insure a smooth transition into the business.

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Property Features and Assets:

Assets = $60,750

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 a franchise resale opportunity.

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