Listing ID: 73476
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: $49,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
2000 sq ft space
Owner will train on process and give all recipes
Growth will come by working this business as full time owner
The company was established in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 absolutely different things. For instance, they may claim "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is very vital that you not count absolutely on a seller's word, but instead, utilize the seller's answer along with your overall due diligence. This will paint a much more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover things like inventory, payroll, accounts payable, and so on. Remember that in some cases this can suggest that earnings margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new clients? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Specific variables such as new competition growing up around the area, road building and construction, and employee turn over can influence repeat clients as well as negatively impact future incomes. One crucial thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to develop a returning consumer base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the local average family income influence future income potential?