Listing ID: 73512
THIS IS BEING SOLD AS AN “OPERATING ASSET SALE”, WHICH MEANS, YOU WILL NOT SEE ANY FINANCIALS AT THIS PRICE. THIS OPPORTUNITY IS NOT FOR EVERYONE.
But it may be the perfect opportunity for someone wanting to get into the business at a low price or a seasoned business owner looking for another location.
ESTABLISHED, Turn-Key very POPULAR Ice Cream shop serving many flavors of ice cream, smoothies, malts, milkshakes and ready to take over today! Current owners have only had the business for 2 years but unfortunate circumstances forcing the sale.
Perfect opportunity for an owner operator with a lot of room for expansion and ability to increase profit. Located on the corner of a main intersection in a busy strip mall with big box retail stores and surrounded by many apartments and single family homes.
Many local customers and visitors. Amazing 5 star online reviews. Highly motivated seller, This one will not last long!
***SUBMIT YOUR INFORMATION THRU THE CONTACT SELLER SECTION***
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $35,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $1,500
- Inventory Included: Yes
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Beautiful clean modern buildout with fully functioning equipment
1 week at no cost to buyer
The only ice cream store in this strip cneter
The venture was started in 2016, making the business 6 years old.
The deal does include inventory valued at $1,500, which is included in the listing price.
The business has 2 employees and is situated in a building with estimated square footage of 1,200 sq ft.
The building is leased by the business for $1,316 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell businesses. However, the genuine reason vs the one they tell you might be 2 entirely different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may just be excuses to try to hide the reality of altering demographics, increased competitors, current reduction in revenues, or an array of other factors. This is why it is really vital that you not rely absolutely on a vendor's word, yet instead, utilize the seller's response combined with your total due diligence. This will paint a much more reasonable 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 need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that earnings margins are too tight. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in brand-new customers? Many times, companies have repeat consumers, which develop the core of their day-to-day profits. Particular variables such as brand-new competition growing up around the location, road construction, and personnel turnover can influence repeat consumers and adversely influence future revenues. One important 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 on a regular basis, the better the possibility to build a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the neighborhood median family income impact future earnings potential?