MergerPlace

Ice Cream Shop with Property

Ocean, New Jersey (Ocean)


  • Asking Price: $210,000
  • Gross Income: $237,318
  • Cash Flow: $73,775
  • Real Estate: $670,000
  • Inventory: $5,000
  • FF&E: $70,000
  • Listing ID: #205414
  • Established: 3
  • Employees: 2 F/T 4 P/T

Business Description

This is a must see opportunity to own the property and a growing 5 Star Ice Cream Shop in a thriving Ocean County shore town. Unlike other shops this is a year round business with income streams from retail, wholesale and special events. Created 3 years ago, it has enjoyed a 25% annual growth rate with opportunity to increase even higher. The business sells high quality ice cream made on premise but also hosts parties in the shop, and provides a full menu of party food for outdoor events, delivered and served from its mobile ice cream truck.
This highly rated shop produces 30 plus flavors, many of which are unique, and gives the customer many creative options for how it is served. Its reputation for custom party cakes makes it the place to go. They also host private parties before the store opens. Wholesale is about 10% of sales, with a new account recently added in 2018. Another 12% is produced form the mobile ice cream truck which is exclusive to the area.
The property is also for sale as the owner wants to sell the total package. The main floor interior was completely redone with a creative flair, and all new equipment. It also has a full basement for storage and ice cream production. The upstairs attic was gutted and converted into 3 room office with a half bath for rental income or owner use.
The business is offered at $210,000. The purchase price includes all the new equipment valued at $70k, and the trucks. The property is offered at $550,000. The owner will offer $250,000 seller financing towards the purchase of both.
The owner’s primary business is expanding and he does not have the time to give the shop the attention it needs to achieve its maximum potential. The owner will provide 2 weeks assistance during the transition. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
Metropolitan Area: Ocean
County: Ocean

Company Information

Year Established: 3
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 F/T 4 P/T

Financial Information

Asking Price: $210,000
Gross Revenue: $237,318
Cash Flow: $73,775
FF&E: $70,000
Inventory: $5,000
Real Estate: $670,000
Seller Financing Available: No

Property Information

Facilities:

Recently remodeled first floor with full basement and remodeled 2nd floor apartment and parking lot.

Reason for selling:

Due to the expansion of other business interests owner does not have the time to manage business full time.

Support & Training:

Seller will provide 2 weeks training support

Contact Business Seller

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Business Listed By:

Paul Holveck

Executive Business Brokers