Listing ID: 75993
Charming, old school style ice cream parlor in Delaware County, Pennsylvania for sale. This family-oriented ice cream shop offers homemade ice cream in a variety of flavors! The also offer freshly made smoothies, milkshakes, water ice and even bubble tea! Customers can also enjoy frozen yogurts, gelato, and ice cream cakes for pre-order. Also offering homemade vegan ice cream and NSA options to serve a wider variety of customers. With the business’s effective and refreshed branding, a new owner will be able to gain new customers and retain recurring ones.
Located in one of the most family friendly areas in Pennsylvania, a new owner will be able to connect with the community, make an impact and serve the locals sweet treat needs. With several restaurants in the area, this parlor serves as a last stop for dessert before heading home. Not far from a major city and nearby malls, there will be encounters of locals, travelers and people just stopping in.
The parlor occupies 1,400 sq./ft. + basement for dry storage (800 sq./ft.). Business is being sold with $30,000 worth of equipment plus $10,000 in of inventory.
Owner is looking to explore other opportunities.
Revenue: $185k (2021)
- Asking Price: $185,000
- Cash Flow: $55,000
- Gross Revenue: $185,000
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Located in a busy strip mall near many restaurants, plenty of parking!
The business was established in 2018, making the business 4 years old.
The deal does include inventory valued at $10,000, which is included in the listing price.
The business has 1FT, 3-8PT employees and resides in a building with approx. square footage of 1,400 sq ft.
The property is leased by the business for $3,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 entirely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competition, recent reduction in profits, or a variety of other factors. This is why it is really vital that you not count absolutely on a seller's word, yet instead, utilize the seller's solution in conjunction with your total due diligence. This will paint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans in order to cover things such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can suggest that revenue margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new customers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day earnings. Specific factors such as new competition sprouting up around the area, roadway building, as well as employee turnover can impact repeat customers and adversely influence future earnings. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning consumer base. A final idea is the basic area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the regional typical family earnings impact future revenue prospects?