We are pleased to present this high end N. Dallas specialty food shop that serves premium gelato, ice cream, coffee, latte, Cappuccino, drinks and cakes. It boasts an excellent location, on a busy N. Dallas street corner, about 200 feet from Traders Joe's and enjoys an impressive buildout, and an emerging catering business revenue stream that's full of potential for explosive growth. The sellers already have made the necessary financial investments to successfully establish this profitable franchise location. With revenues of $288,000 and cashflow of over $50K through June of 2019, the business is poised to generate over $100,000 in SDE (Sellers Discretionary Earnings) in 2019, which is the stated SDE for the business. We believe that this shop is poised to continue its year over year growth rate that the business has demonstrated over the past five years.
This shop operates out of leased retail space of approximately 1,876 square feet. The sellers have meticulously invested over $437,000 in buildout where no posh details were spared.
Since this shop's menu items are being sold at a discount to its peers, we believe that its profitability can be increased by gradually increasing tis prices. Additional opportunities for increased revenue lie in increased advertising and marketing efforts.
While there are several ice cream and speciality food shops in the area, none appear to match the quality of experience and value that this shop offers. It imports its gelato ingredients from Italy for unsurpassed qualify.
The owners have spread themselves too thin while owning and operating several businesses and raising a thriving family. They are seeking a better balanced and slower paced lifestyle which they believe can be achieved by selling this shop that they successfully built from the ground up.
Will train for 2 weeks @ no cost This shop serves premium gelato, ice cream, coffee, latte, Cappuccino, drinks, and cakes. General management skills are necessary while prior specialty shop experience would be considered a plus for the buyer.