Listing ID: 77564
One of a kind, hand-made in-house ice cream shop!
Exceptional reviews and loyal customers keep this business growing in sales and profit even during the pandemic.
Located on the main street in a major resort town. Locals and tourists from nearby hotels frequent this neighborhood favorite.
Espresso and coffee are offered as well as some limited catering.
Recipes of delicious and creative flavors are included.
All ice creams are based with organic and natural ingredients. Non-GMO, no preservatives or additives.
The business is closed during August offering opportunity for a new owner.
Once you have tasted this treat, you will be a fan.
Seller will cooperate with a smooth transition.
Seller will consider limited seller financing.
Free standing retail shop on busy street.
- Asking Price: $199,500
- Cash Flow: $66,907
- Gross Revenue: $258,703
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,016
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The company was founded in 2017, making the business 5 years old.
The sale will include inventory valued at $3,000, which is included in the listing price.
The business has 3 employees and resides in a building with estimated square footage of 1,016 sq ft.
The real estate is leased by the business for $1,707 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nonetheless, the true reason vs the one they tell you may be 2 completely different things. For instance, they may claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is really important that you not rely absolutely on a vendor's word, yet instead, make use of the vendor's solution in conjunction with your total due diligence. This will repaint a more practical image of the business's current circumstance.
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 deal. Lots of businesses borrow money so as to cover items such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that revenue margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new customers? Often times, businesses have repeat clients, which create the core of their daily profits. Specific factors such as new competitors growing up around the location, road building and construction, and also personnel turnover can influence repeat consumers and also adversely influence future revenues. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, 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 develop a returning client base. A last thought is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood median house earnings effect future earnings prospects?