Listing ID: 79117
This business is a one-stop shop for all ice cream products and service needs. Production and distribution of premium ice cream, yogurt, sherbet, sorbet and novelties. Related distribution of cones, fountain supplies, toppings and paper supplies. Distribution territory includes state of New Hampshire, Western Massachusetts, Maine and limited Vermont locations. Additional creamery sales involve milk, butter, eggs, cream that are distributed to schools, small accounts and restaurants.
The brand is synonymous with quality, producing over 80+ flavors, including their own brand-unique flavors, that have resulted in exceptional customer loyalty and strong relationships with ice cream stands, restaurants and distributors.
- Asking Price: $990,000
- Cash Flow: N/A
- Gross Revenue: $1,940,000
- EBITDA: $314,230
- FF&E: $175,000
- Inventory: $100,000
- Inventory Included: N/A
- Established: 1990
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:15,373
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
3 buildings (production, office, retail) on 1.43 acres
Well-established premium ice cream producer with long-term customer relationships.
Huge opportunity to penetrate grocery marketplace. Production facilities can be expanded or consolidated into existing facilities.
The company was established in 1990, making the business 32 years old.
The deal doesn't include inventory valued at $100,000*, which ins't included in the suggested price.
The company has 3FT, 9PT employees and is situated in a building with estimated square footage of 15,373 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. Nevertheless, the true factor and the one they tell you might be 2 completely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be reasons to try to hide the reality of altering demographics, increased competition, current reduction in profits, or an array of other factors. This is why it is extremely essential that you not rely entirely on a vendor's word, yet instead, utilize the vendor's answer combined with your total due diligence. This will paint a more reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that profit margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new customers? Often times, companies have repeat customers, which develop the core of their daily revenues. Particular aspects such as brand-new competitors sprouting up around the area, roadway construction, and also personnel turnover can affect repeat clients and negatively affect future incomes. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business on a regular basis, the better the opportunity to build a returning client base. A final idea is the general area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? How might the local mean home income effect future revenue potential?