Listing ID: 78939
Established & desirable Tastee Kone ice cream stop and a staple of the Amherst community for 16 years now available for 2022 Seasonal Reopening
This Regionally recognized ice cream shop offers soft serve, hot dogs, soft drinks, dairy-free soft serve, and the fabulous low fat/low calorie frozen yogurt and tasty comfort food. Great Opportunity for new Owner to capitalize on current business goodwill & grow Revenue and Cash Flow.
High visibility, convenient location on busy numbered highway.
Trailer, equipment and inventory included in sale.
- Asking Price: $89,000
- Cash Flow: $40,000
- Gross Revenue: $130,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Land lease- call Agent Seller recently upgraded septic system
Owner will assist in a 2 week transition.
Owner is focusing on other business opportunities.
Extent opening and closing of the season. Increase social media, highly visible Potential vendor for fairs and community events.
The business was established in 2005, making the business 17 years old.
The company has 12 employees and is situated in a building with estimated square footage of N/A sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. However, the real reason and the one they say to you might be 2 absolutely different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or an array of other factors. This is why it is really crucial that you not rely completely on a seller's word, but instead, utilize the vendor's response together with your general due diligence. This will paint an extra realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that profit margins are too tight. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that must be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new customers? Most times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Particular factors such as brand-new competitors sprouting up around the area, roadway building, and also personnel turnover can impact repeat clients as well as negatively impact future incomes. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the opportunity to develop a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Exactly how might the local median household income influence future earnings potential?