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Asking Price: $250,000

Walk-up Ice Cream Shop

Ridgefield, CT
Fairfield County

IntroductionMajor Price Drop - $250,000.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 SellingNow 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 FinancingIf 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 hrsLabor1 – 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.SalesSales 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 & DisclosureInterested 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.

Cash Flow $49,000
Revenue $400,000
$ Owner Financing Available

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