Listing ID: 73647
This iconic, premium ice cream brand is Florida’s best kept secret. The company was founded over three decades ago, serving families and wholesale clients in the central Florida region of St Petersburg, Clearwater and Tampa. With a long-standing history of incredible customer service and dozens of homemade ice cream flavors, novelty items and branded merchandise, the company has experienced 81% growth in SDE for last 3 years. The company’s wholesale business has expanded by 45% during last three years with over 50 commercial accounts. With five successful streams of revenue, the brand has seen incredible growth and success. Ice cream is a timeless and highly profitable staple of American tradition that appeals to all consumers, making this one of the best industries to be in! The sky is the limit for this well-established wholesale and retail brand. This business won’t last long, make an offer today!
- Asking Price: $575,000
- Cash Flow: $165,677
- Gross Revenue: $523,697
- EBITDA: N/A
- FF&E: $84,911
- Inventory: $16,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,650
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
Located in high traffic busy shopping plaza with national anchor tenants in expanding market. Current lease expires in December of 2025 with a five-year renewal option.
Owners will provide 4 weeks training at no cost.
Next Level Growth Opportunity for Buyer-Current owners have reached their limit.
Market growth trends and demographics are consistent and steady for Hillsborough and Pinellas counties.
New owners have a significant opportunity to expand brand through wholesale business segment and additional store locations.
The sale will include inventory valued at $16,000, which is included in the listing price.
The company has 13 employees and is situated in a building with estimated square footage of 1,650 sq ft.
The property is leased by the business for $3,718 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nevertheless, the genuine reason and the one they tell you might be 2 absolutely different things. As an example, they may say "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or an array of various other reasons. This is why it is extremely essential that you not count completely on a vendor's word, but rather, utilize the seller's solution combined with your total due diligence. This will paint a much more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover things like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in new clients? Many times, businesses have repeat customers, which create the core of their everyday earnings. Certain aspects such as brand-new competitors growing up around the area, road building, as well as staff turnover can impact repeat clients and also adversely influence future earnings. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business often, the better the possibility to build a returning customer base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Just how might the regional mean family earnings impact future earnings potential?