Listing ID: 71477
This ice cream stand is open from March thru October. approximately 8 months.
The winter months closed. This is only take out window. No seating. All equipment furniture and fixtures are only 2 years old. Ice cream is the primary what they are known for.
They serve coffee, donuts, and specialty sandwiches, milkshakes, smoothes, etc This concept with all trade marks, logos, website, and social media presence is ready to be franchises. The owner is mostly absentee. The shop runs itself.
Please click the link business website for NDA ID#OL complete form online and sign /submit online. Business name: dl
This information was obtained from the seller. The broker does not certify, warrant, guarantee or make any representations about the same and they are subject to errors, omissions, changes or withdrawn from the market. The broker represents the seller in this transaction. The buyer must use due diligence to verify this information. This is SALES PURPOSE ONLY.
- Asking Price: N/A
- Cash Flow: $300,000
- Gross Revenue: $840,000
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:900
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Equipment list will be supply at a later date.
The owner will train new buyer in the management of the daily operation.
Most other shops in the area do not do this shops volume.
The growth is in franchising this concept
The company was founded in 2020, making the business 2 years old.
The deal won't include inventory valued at $20,000*, which ins't included in the requested price.
The company has 12 employees and is situated in a building with disclosed square footage of 900 sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. Nonetheless, the real reason and the one they tell you may be 2 absolutely different things. As an example, they might state "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a range of various other reasons. This is why it is really crucial that you not count totally on a vendor's word, yet rather, make use of the seller's solution together with your total due diligence. This will paint a more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that profit margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new consumers? Many times, companies have repeat customers, which form the core of their day-to-day profits. Particular elements such as new competitors growing up around the location, roadway building and construction, and also employee turnover can affect repeat customers as well as negatively influence future profits. One important point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the chance to build a returning client base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the local mean household earnings effect future earnings potential?