MergerPlace

Absentee Owned-High Profit!

New Jersey (Bergen)


  • Asking Price: $221,000
  • Gross Income: $195,000
  • Cash Flow: $94,425
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $15,000
  • Listing ID: #204276
  • Established: 2011
  • Employees: 1 FT /6 PT

Business Description

This is Homemade Italian Ice/Gelato Ice Cream Franchise! Very Popular location in town, business currently operates from March through October. It has the ability to run all year or to transition into additional seasonal options. The business has a high profit margin and franchise fees are much lower than any other franchise concept. Rent is very low for this type of retail store. Built for success and can be easily run absentee. This location was established in 2011 and has been consistent year over year. This location accepts cash and check only which makes it very easy to run. The business is profitable every year and you get winters off! Act now. Business will not last long on the market!


Business Details

Primary Business Category: Manufacturing - Food
Location: New Jersey
County: Bergen

Company Information

Year Established: 2011
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT /6 PT

Financial Information

Asking Price: $221,000
Gross Revenue: $195,000
Cash Flow: $94,425
FF&E: $15,000
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

A great location in busy downtown with lots of foot traffic. Dine-in, take-out and outdoor seating available. Additionally, Concession trailer and Cart are available for inside or outside events. Low Rent!

Growth & expansion opportunities:

Potential for growth includes the addition of Events, corporate accounts, adding new stores, and territory expansion. Many ways to increase sales.

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:

After establishing and building this successful franchise, 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. EASY TO RUN!

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Business Listed By:

Daz Connell

Murphy Business Brokers