Listing ID: 73372
Highly Successful 8+ Years COPPA GELATO operation. The product is an Italian Based dessert that a much better profile than standard Ice Cream or Frozen Yogurts.
Artisanal Gelato from Italy generally contains 6-10% Butter fat, which is significantly lower than other styles of Frozen Desserts. Sales have bounced back since the beginning of COVID, sales continue to increase week after week. The operation is managed and staffed by the owners.
- Asking Price: $80,000
- Cash Flow: N/A
- Gross Revenue: $169,739
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,423
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Nestled in a busy shopping center anchored by Meijers. Gelato shop offers approximately 20 seating space inside, with additional space on outdoor patio. Location is in the highly desirable Westerville, OH market
Owners will provide on-site training for up to 30 days.
Moving out of state
Unique brand of Frozen Treats that far exceed the quality of any typical ice cream operation in the surrounding area.
Capabilities to offer off-site catering, special events, and increase of current hours of operation.
The venture was established in 2014, making the business 8 years old.
The deal shall include inventory valued at $2,000, which is included in the asking price.
The company has 0 employees and is situated in a building with approx. square footage of 1,423 sq ft.
The real estate is leased by the company for $1,956.63 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nevertheless, the real reason and the one they tell you may be 2 totally different things. As an example, they may say "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of other factors. This is why it is really essential that you not count absolutely on a seller's word, but instead, utilize the seller's answer together with your general due diligence. This will paint a much more realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new clients? Many times, businesses have repeat customers, which create the core of their daily earnings. Specific variables such as brand-new competitors growing up around the area, road building and construction, and personnel turn over can impact repeat clients and adversely influence future incomes. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to develop a returning customer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the regional median household earnings influence future revenue potential?