MergerPlace

Specialty Ice Cream Shop and Catering

Utah (Utah)


  • Asking Price: $299,000
  • Gross Income: $357,932
  • Cash Flow: $44,417
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $154,000
  • Listing ID: #209850
  • Established: 2018
  • Employees: 1 FT / 7 PT

Business Description

This business is a specialty ice cream/yogurt franchise that is fully equipped and operational. Solid employees are in place and run the business independent of the owner on a day-to-day basis. This is a recently established business so it is still in the growth/development phase; but is already profitable.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Utah
County: Utah

Company Information

Year Established: 2018
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 FT / 7 PT

Financial Information

Asking Price: $299,000
Gross Revenue: $357,932
Cash Flow: $44,417
FF&E: $154,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

This business is well located in a relatively new, anchored shopping center in a very upscale area of Utah County. Traffic in the center continues to grow. The shop is fully built out with all of the seating, equipment, freezers and everything in place to step in and operate the business. In addition, this location has the portable equipment needed to greatly expand the catering aspect of the business and take advantage of the tremendous growth taking place in the area.

Growth & expansion opportunities:

Due to the limited advertising undertaken by the current ownership group, social media marketing and efforts to enhance the catering business provide an immediate growth opportunity. The population growth in this upscale area will generate tremendous growth in the traffic at this shopping center. The catering aspect of the business is in its infancy with tremendous growth potential.

Competition:

There are many ice cream shops in the greater Utah County area, but this particular franchise has a unique twist that gives them a quality and taste advantage as well as an interest factor advantage.

Reason for selling:

Other business ventures are requiring additional time and energy.

Support & Training:

Will train for 4 weeks @ $0 cost. There is no special license (other than a basic city license) required. Revenue comes primarily from in-house sales to walk-in customers. However, catering and special events have recently become a more significant part of the business, and have tremendous upside potential.

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Business Listed By:

Marvin slovacek

Murphy Business Brokers