Listing ID: 73466
This is a cool ice cream shop where they ROLL the ice cream rather then serve as a Scoop. They have many choices of Ice Cream flavors and ingredients to put inside. The staff “rolls” the Ice cream right in front of you. TASTE AMAZING
This Shop is located on East Side of town on a very busy street in a very busy strip center. There is plenty of parking and the shop has great visibility and easy access..
Owner is doing this part time while holding down another job. It is too much to handle. An owner/operator would have a great business
This is NOT a franchise
- Asking Price: $15,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Space is 1600 sq ft with walk in cooler and freezer
Owner will train if the concept is the same
Other business interests
The only ice cream in this very busy shopping center
owner/operator can use same style ice cream shop or change to his own concept
The venture was started in 2020, making the business 2 years old.
The real estate is leased by the business for $3,900 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. Nevertheless, the true factor vs the one they tell you may be 2 completely different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of various other reasons. This is why it is very important that you not count absolutely on a seller's word, however instead, make use of the vendor's answer together with your overall due diligence. This will paint an extra sensible image of the business's current 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 deal. Many businesses take out loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that revenue margins are too tight. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be fulfilled or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new consumers? Many times, businesses have repeat customers, which create the core of their everyday revenues. Specific elements such as new competitors growing up around the area, roadway building and construction, as well as personnel turnover can influence repeat clients as well as negatively affect future incomes. One vital thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the greater the chance to develop a returning customer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood mean family earnings impact future income potential?