MergerPlace

Unique Ice Cream Shoppe

New Jersey (Essex)


  • Asking Price: $79,900
  • Gross Income: $130,831
  • Cash Flow: $42,129
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $1
  • Listing ID: #206842
  • Established: 40
  • Employees:

Business Description

PRICED TO SELL! Nice Ice Cream Shop in a high-traffic area in an affluent town.
Always a lot of foot traffic. Metered parking out front. Sole owner has a health issue prompting the sale. Online reviews have focused a lot on high quality ice cream. FURNITURE, FIXTURES, & EQUIPMENT valued at $20,000 are included in sale. All are in good condition. Very reasonable rent for the area. A new qualified tenant should get a long term lease thru the landlord. Lottery sales have risen considerably so far this year & adding an ATM machine would be a plus. Contact Seth Kain @ 201-317- 4710 for additional details & confidential showing


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
County: Essex

Company Information

Year Established: 40
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $79,900
Gross Revenue: $130,831
Cash Flow: $42,129
FF&E: $1
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

650 square feet. All Furniture, Fixtures, & Equipment are in good condition. Metered parking along with municipal parking nearby. Many area residents frequent the town & are on foot. The present owner has roughly 3 ½ years left on a 5 year lease with (5) option years. A new qualified tenant should be able to get a longer term lease if desired.

Growth & expansion opportunities:

The one thing a new owner should do is to put 2 or 3 tables & chairs right in front of the store. There aren’t any tables at all set up inside & outside the store. There really isn’t enough room inside. Since the owner already has a lottery machine, there’s really nothing else to be added at this time.

Competition:

There are two chain ice cream shops in the same town; one being fairly close by. The online reviews for this ice cream shop has focused on higher quality ice cream compared to the two others.

Reason for selling:

The owner has a health issue

Support & Training:

Owner will provide (2) weeks of training at no cost to the buyer(s).

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers