Listing ID: 73424
Ice Cream shop along with the ENTIRE FRANCHISE for sale located in Columbus. This location is in a very popular area with HUGH FOOT TRAFFIC and major street traffic. It is located in a very densely populated area with other thriving businesses and housing.
The Sale includes 1 Ice Cream business, the Franchise, all operating manuals, recipes, tradename, the right to other location royalties, and the right to build and own as many franchises as you would like. They have captured many e mails of interested franchisee’s thru their website.
This business has great sales and profits and can build by tapping the Off premise business, catering, parties, events, and fundraisers. There is plenty of room at this location, to hold all the above events.
The seller has large asset list along with equipment to open another location- included in sale!
This is a great opportunity to own and build your own CHAIN!
This is a confidential sale, so go to link to fill in Confidentiality agreement
- Asking Price: $165,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
1500 Sq ft with Ice Cream counter, coffee stand, dining room, small kitchen, large basement. Parking spaces for employee and owners
Owners will give the training required to be successful
Family Situation forcing to Move out of State
Not many other ice cream stores in the area. Location is great with easy access and visibility from the street.
Ice Cream prices just raised 25% with no customer comments- thus increasing revenues. Can add to the Coffee offering to help sales. There is hugh opportunity to take equipment out to off premise sites- IE- malls, business events, and parties. Can hold parties, events, fundraiser, in the store as it is big enough to hold them. Also adding Gelato would be great sales builder
The business was founded in 2017, making the business 5 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. However, the true reason and the one they say to you may be 2 entirely different things. As an example, they may state "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is really vital that you not count entirely on a vendor's word, yet instead, make use of the seller's solution in conjunction with your total due diligence. This will repaint an extra sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover items like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that profit margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be satisfied or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new customers? Most times, companies have repeat consumers, which create the core of their everyday profits. Specific factors such as new competitors growing up around the location, road construction, as well as staff turnover can influence repeat clients as well as adversely influence future earnings. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business often, the better the possibility to develop a returning customer base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the local typical house income influence future revenue potential?