Walk-up Ice Cream Shop

Ridgefield, CT
Fairfield County

Ridgefield, CT


Asking Price: Annual Revenue:
$349,900 $400,000

Food & Beverage: Coffee, Cafe, Dessert


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RE: Walk-up Ice Cream Shop Broker: C. J. (Charlie) Vlahos
License #: 325456
Owner Financing is Available!
If Qualified, Owner will assist in the financing

Quick Facts

Asking Price: $349,900
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $49,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1956
Employees: 2
BBN Listing #: 18002770
Broker Reference #: 421

Email or Print Listing

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Business Overview:

Introduction
This Ice Cream Shop has been selling ice cream here for over 60 years. It was a franchised free-standing walk-up stand selling ice cream thru 2 windows, now it is an independent, still selling some of the best soft & hard ice cream products including shakes, slush’s, splits, floats, take-home cakes, flying saucers, and chip witches – thru those same front windows – 12 months a year. (Of course, you can buy this business and close 3 months in the winter – but maybe you can sell other products too like coffee, soups, etc.)

Why Selling
Now it could be your turn to own this kind of business. It’s a great family business. When needed there seems to never be a shortage of great help in this affluent town. Many kids entering high school can’t wait till a spot opens up (isn’t that refreshing in this market environment!)

The current Owner is selling because he’s too busy with his other interests. He bought the business and property because a family member lived in the area with 3 teenage children – perfect workers for a business like this. They no longer live there so the need for a business so far from the Owners home isn’t necessary.

Did I mention he runs this business as an absentee Owner. He only comes to the store 1-2 days a week for an hour or so. (It’s possible any business like this would do even better with a full-time working Owner).


Owner Financing
If qualified, Owner will consider some financing.

Hours:
Hours of operation throughout the year are:
Jan, Feb, Mar, Apr (10:30 – 8.00) 9.5 hrs x 7 days = 66.5 hrs
May, Jun, Jly, Aug (10:00 – 9:30) 11.5 hrs x 7 days = 80.5 hrs
Sep, Oct, Nov, Dec (11:00 – 6:30) 7.5 hrs x 7 days = 52.5 hrs

Labor
1 – 4 people as needed. e.g. 1 in the morning, 2 in the afternoon and 3-4 in the evening but this varies throughout the year. Except for the manager, the labor rate varies from the minimum rate to $1.00 + the minimum rate/hr.

Sales
Sales for 2018 thru 2021 have averaged $374,411 per year ($7,200 per week). New Owner working full time is estimated to increase sales to +/- $500,000. At this volume, the Owner’s Cash flow is estimated to be +/- $100,000.

This is 37.3% higher than 2021’s volume. Management feels with a working Owner or full-time manager this volume is doable. (In your “Due Diligence,” you need to feel you could do it too.)

Confidentiality Agreement, Questionnaire & Disclosure
Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, (from the link in front of the pictures) or can be e-Mailed to you upon request. Detailed financial information showing the ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Location The business is on the main road connecting the down-county with the up-county. Over 27,500 +/- cars per/day pass the store. The area around the store is mostly commercial. Turning off the main road and there's nothing but expensive residential neighborhoods. Building The building is +/- 770 s.f. The parking lot is on 3 sides of the building - room for +/- 40 cars. Rent/Lease The landlord (who is the business Owner) will give you a fair lease and good terms along with the right of 1st refusal to buy the property (if qualified). Rent starts at $5,500 per month.

Market Competition and Expansion:

Ice cream is comfort food. It is consumed morning, noon, and night. Families (and individuals) come down after dinner and enjoy their dessert at the stand. Some of their best memories are from the ice cream stand with their families and friends.

Reason for Selling:

Other Interests

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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