Business Overview

PRICE REDUCTION-SEASON RIGHT AROUND THE CORNER! Scoops on Main has been in existence since it was acquired in 2019 when the current owners purchased an existing ice cream shop and rebranded it. It currently operates as an LLC. The real estate, which is not included in the listing package is owned under a separate entity by the owners of the business. The ice cream shop occupies approximately 675 square feet of finished space in a multi-unit mixed use commercial and residential building on Main Street in Lancaster, NH. This is a takeout ice cream shop, with outside deck seating, which allows for greater cost controls and maximum return on resources.
Scoops on Main is the only show in town. All of the furniture, fixtures, and equipment are in good to excellent condition. The business features Hood soft serve ice cream and hard ice cream from Gifford’s Famous Ice Cream, a crowd favorite. Frequented by loyal locals and visitors alike, Scoops on Main’s focus is on providing a quality product efficiently, in a clean and fun environment, and at a reasonable price.

Financial

  • Asking Price: $89,000
  • Cash Flow: $51,481
  • Gross Revenue: $117,713
  • EBITDA: N/A
  • FF&E: $34,985
  • Inventory: $1,000
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:675
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The shop occupies approximately 675 square feet. There are a few tables available for outside deck seating. There is ample parking available on the property and on the street in front of the store. Rent, which includes water, sewer, lawncare, and parking lot plowing/sanding is $12,000 for the year, with the length of season up to the new owner.

Is Support & Training Included:

Sellers will stay on and train for 7 days from open to close after the transfer of the business or prior to opening the season if the business sells during the off season.

Purpose For Selling:

The sellers live out of town and need to focus on other business interests.

Pros and Cons:

Scoops on Main is the only show in town.

Opportunities and Growth:

The sellers would recommend having the shop open 7 days a week and extend the season from both earlier in the spring and later in the fall. There is an opportunity to serve other food items in the spring and fall as well as throughout the season. Portion control should most likely be addressed as their portions are very large. It would make sense to either shrink the portions or raise prices to maximize profitability without impacting the value of the product. There is the potential to redesign the flow of the production and service areas in the building to make the operation more efficient. Additional KDS screens would expedite orders more quickly. The current menu could be expanded to get more creative with the product offerings as what is offered now is popular, but pretty basic. The availability of more retail merchandise for sale is also something the current owners thought of but never expanded. There has been little to no marketing done to date so there is plenty of room to expand with social media, community relations, and promotional events, all of which would positively impact revenues and profitability.

Additional Info

The company was founded in 2019, making the business 3 years old.
The sale shall not include inventory valued at $1,000*, which ins't included in the requested price.

The company has 5-7 employees and is situated in a building with estimated square footage of 675 sq ft.
The real estate is leased by the company for $1,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell businesses. However, the genuine factor and the one they tell you might be 2 entirely different things. As an example, they may claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a variety of other factors. This is why it is really crucial that you not rely completely on a vendor's word, yet rather, make use of the seller's response together with your general due diligence. This will paint an extra sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Many companies take out loans in order to cover points like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that earnings margins are too small. Many businesses come under 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 take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract new customers? Most times, companies have repeat customers, which create the core of their day-to-day profits. Particular factors such as new competitors growing up around the area, road building and construction, and also staff turn over can affect repeat consumers as well as negatively influence future incomes. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the possibility to build a returning client base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the regional median family earnings influence future income prospects?