Seller's Contact Information
- RE: Specialty Ice Cream Store
- Contact: Randy Shurbet
Quick Facts
Asking Price: | $400,000 | |
Annual Revenue: | $710,000 | |
Net Profit: | $60,000 | |
Cash Flow: | $100,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $100,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2018 | |
Employees: | 10 | |
BBN Listing #: | 508654399 | |
Broker Reference #: | 41960 |
Business Overview:
This is an outstanding opportunity to own your very own established, profitable, Franchised Ice Cream store. This well established store has been in business for five years and has been very profitable after the Covid year. This is a well known brand and the location is in one of the most sought after areas in the town. A dedicated on-site operator would definitely increase the current sales volume of over $670,000.00. The business is being operated in an easy to manage facility that contains 1805 square feet that includes a fully equipped kitchen and baking area, as well as freezer, cooler and dry storage. The glass storefront allows for foot traffic to view the exciting and fun design of the store as well as the pictures of the delicious products being offered that definitely entice a visit. The current lease is a triple net lease currently at $5203.00 per month and the option for another five years has been signed. The lease is valid through June 2023 and has an additional 5-year option and is transferable with landlord approval. The business currently employs 11 employees with one full time manager and 10 part time, and all are trained to the brands policies and procedures. This business offers immediate earnings from the well-established customer base as soon as the new buyer begins ownership. The franchise transfer fee is $17,500.00 and that includes three weeks of corporate training at no additional cost. The Sellers are also willing to give a couple of weeks of on-site training. All franchise information and fees along with regulations and requirements are available with a letter of intent to purchase. Buying an existing established proven concept in a great location is a sweet deal and this business won't last long on the market. Lenders are available through the contacts of the broker.
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Property Features and Assets:
The facility is 1805 square feet and is five years in age along with the equipment, and both are in excellent condition. The Seller will provide a list of assets with a letter of intent to purchase. The facility is fully equipped for business and meets all franchise requirements. To purchase the equipment and franchise new would cost someone a considerable investment versus purchasing a well-established, fully equipped, profitable business with employees trained and in place. There is more than ample parking available for the business.
Market Competition and Expansion:
The market is very weak in competition which results in the success of this store. There are only the products offered by national chains such as Chick-Filet and McDonalds that compete directly with this store. There are no stores in the immediate vicinity that offer as wide a selection of ice cream, cookies, and baked goods and of the quality of this Franchise. The specialty type Ice Cream and cookies are unique to this Franchise.
Reason for Selling:
Downsizing
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Documents:
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