MergerPlace

Profitable Semi-Absentee Opportunity

New Jersey (Bergen)


  • Asking Price: $475,000
  • Gross Income: $406,158
  • Cash Flow: $172,686
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $15,000
  • Listing ID: #203144
  • Established: 2011
  • Employees: 2 FT/12 PT

Business Description

Homemade Italian Ice/Ice Cream Franchise! Two popular locations PLUS a Concession Business. Business includes two great store locations in Northern NJ, plus a concession trailer and cart. Business currently operates seasonally from March through October. It has the ability to run all year or to transition into additional seasonal options. Currently contracted during off season for school deliveries while retail shop is closed. Great business for semi absentee ownership or someone that wants winters off!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
County: Bergen

Company Information

Year Established: 2011
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 2 FT/12 PT

Financial Information

Asking Price: $475,000
Gross Revenue: $406,158
Cash Flow: $172,686
FF&E: $15,000
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

Two great locations in premier towns. One is 880 square feet and the other is 800 square feet with long term, stable leases in place. Dine-in, take-out and outdoor seating available. Additionally, Concession trailer and Cart are available for inside or outside events. These shops are renovated, well maintained and in excellent condition.

Growth & expansion opportunities:

Potential for growth includes the addition of corporate accounts, territory expansion and additional stores.

Competition:

Established franchise ice cream competitors in town but this is the only Italian Ice location in town so it stands out above the competition. It shows in the numbers since the business has grown every year since inception.

Reason for selling:

the owners are ready to sell to a committed owner.

Support & Training:

Will train for 2 weeks @ no cost. Over 80 flavors of Italian Ice and Ice Cream along with specialty ice treats/cakes. Cash Only business and all ice products are purchased through the franchisor so NO franchise royalties are charged.

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Business Listed By:

Daz Connell

Murphy Business Brokers