MergerPlace

Profitable Franchised Ice Cream Store

New Jersey (Morris)


  • Asking Price: $695,000
  • Gross Income: $642,700
  • Cash Flow: $257,000
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $80,000
  • Listing ID: #211366
  • Established: 40
  • Employees: 1 FT 2 PT

Business Description

40 year old signature franchise ice cream shop along with fast food in the highest traffic area of the town. Located in a huge strip mall off a major thoroughfare with a well-known anchor store. Many area kids & sports teams frequent the place. Husband & wife team plan to retire once the store’s sold. Sells a high volume of ice cream & ice cream cakes, soup, hamburgers, sandwiches, salads & sides. FURNITURE, FIXTURES, & EQUIPMENT of $80,000 +/- included in sale. A new qualified tenant should get a similar favorable lease situation thru the landlord. Contact Seth Kain @ 201-317-4710 for additional details & showing.


Business Details

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

Company Information

Year Established: 40
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT 2 PT

Financial Information

Asking Price: $695,000
Gross Revenue: $642,700
Cash Flow: $257,000
FF&E: $80,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

1,550 square feet. Majority of the equipment is in very good condition. Owners are in the process of repairing two freezers which would then be in very good condition. Plenty of strip mall parking. All assets are included. Owners still have 9 years left on their lease. A new qualified owner should get a more favorable lease situation if so desired.

Growth & expansion opportunities:

A new owner should deliver to local residents & businesses. The business is situated in an area with very easy access to various residential areas of the main thoroughfare. This includes easily getting to two neighboring towns.

Competition:

There are two other ice cream franchise shops in the same town. Though, they're on the other side of the town. One of them offers fast food while the other one does not.

Reason for selling:

The husband & wife team plan to retire

Support & Training:

Two weeks of training at no cost at all to the new owner(s)

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers