MergerPlace

Established Ice Cream Franchise

Virginia (Virginia Beach City)


  • Asking Price: $175,000
  • Gross Income: $369,842
  • Cash Flow: $90,139
  • Real Estate: Not Disclosed
  • Inventory: $6,457
  • FF&E: $179,160
  • Listing ID: #200644
  • Established: 2003
  • Employees: 1 FT / 15 PT

Business Description

Turn-key, profitable at store with revenue increases each of the last three years. Great lease, great staff! The store has operated under the same owner for the past eleven years and has grown a very loyal base business following. The store has tremendous potential with additional community involvement through schools, clubs, sports teams, etc. The well-known franchise has been around for more than 25 years, offering strong support and assistance in getting this location transitioned to new ownership. If you are looking for a fun and relaxing business, this is it! Franchise agreement and lease are transferable and the franchise will help with training and transition. Owner financing is an option.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Virginia
County: Virginia Beach City

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT / 15 PT

Financial Information

Asking Price: $175,000
Gross Revenue: $369,842
Cash Flow: $90,139
FF&E: $179,160
Inventory: $6,457
Seller Financing Available: No

Property Information

Facilities:

Excellent lease and landlord. The business has been a fixture in this Shopping Center for one and a half decades.

Growth & expansion opportunities:

Outstanding potential for revenue growth through local marketing and community involvement. Ability to add additional stores in the Virginia Beach market.

Competition:

Limited competition in the "premium" ice cream sector. Great locations catering to homes, businesses, vacationers, schools, etc.

Reason for selling:

Owner currently downsizing for retirement and selling multiple successful businesses. The store was originally purchased as a place for owners kids and kids friends to work, however they are all now out of school.

Support & Training:

Will train for 1 week @ no cost No previous business experience needed. Franchise and current owners will provide the training.

Contact Business Seller

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Business Listed By:

Chris Settelen

Murphy Business Brokers