MergerPlace

Ice Cream Shop

Pennsylvania


  • Asking Price: $350,000
  • Gross Income: $91,728
  • Cash Flow: $113,873
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $277,982
  • Listing ID: #218599
  • Established: 2011
  • Employees: 12 PT

Business Description

Tons of potential to expand hours and/or to expand to other areas and other services for this business that is loved by its customers! This ice cream, frozen yogurt and non-dairy frozen treat business is a neighborhood ice cream shop with a strong customer following even beyond the neighborhood. Some of their flavor names include the name of a customer who suggested the flavor and there’s a bit of competition and a lot of friendly banter about how to get your name on the menu. Their products are made on site in small batches and they have developed 600 recipes. This shop does its own in-house nut roasting and baking for inclusion in their recipes.

In 2019 and 2020, this business was not open for full seasons, which was typically mid-March to Mid-October in previous years, due to owner health issues and COVID-19 regulations. The revenues for 2020 are impressive for only operating a 10-week period so far as of September, with sales reaching nearly $115,000 in only 4 hours a day, 7 days a week.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Pennsylvania

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 12 PT

Financial Information

Asking Price: $350,000
Gross Revenue: $91,728
Cash Flow: $113,873
FF&E: $277,982
Seller Financing Available: No

Property Information

Facilities:

The business is located in a commercial space and occupies about 1000 square feet at its current location. There is a large parking lot where customers can park for free. It is in one of the main business areas of the neighborhood.

Growth & expansion opportunities:

This industry has shown growth over the five years to 2018. The industry benefits from its popularity with young children and elderly individuals. Both of these age groups are expected to increase their share of the total population during the current five-year period. The unique offerings and neighborhood feel of this business offer great potential for growth. Expanding into catering, custom ice cream cakes, shipping, online ordering and opening additional locations are opportunities the current owners have considered for growth.

Competition:

There are no other companies in the area that offer homemade ice cream or that have the variety of frozen treats this business offers.

Reason for selling:

The current owners love the business and truly enjoy what they do but due to health reasons they cannot continue to work the way they did prior to recent health issues. However, current owners are willing to stay onboard to consult and create new flavors. Health issues led to decreased hours and days open in 2019.

Support & Training:

Will train for 2 weeks @ no cost. This business offers 16 different ice creams, a couple flavors of frozen yogurts, several sorbets, as well as non-fat, sugar-free frozen yogurts and even non-dairy/vegan frozen treats. While they offer vanilla, chocolate and strawberry ice cream daily, the remaining flavors change daily and they craft new ones regularly. This makes every visit different for customers and as a result, they offer samples so customers can try flavors before they make a selection. There are also pup cups, homemade whipped cream, soft serve ice cream and frozen drinks with fruit or coffee flavors. This business requires a permit from the county Health Department to operate as well as a PA Department of Agriculture frozen dessert license, monthly lab testing and a signage permit from the city.

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Business Listed By:

William Ilgenfritz

Murphy Business Brokers