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Description

This Ice Cream Shop has been selling ice cream here for over 60 years. It was a franchised free-standing walk-up stand selling ice cream thru 2 windows, now it is an independent, still selling some of the best soft & hard ice cream products including shakes, slush’s, splits, floats, take-home cakes, flying saucers, and chip witches – thru those same front windows – 12 months a year. (Of course, you can buy this business and close 3 months in the winter – but maybe you can sell other products too like coffee, soups, etc.)Why SellingNow it could be your turn to own this kind of business. It’s a great family business. When needed there seems to never be a shortage of great help in this affluent town. Many kids entering high school can’t wait till a spot opens up (isn’t that refreshing in this market environment!)The current Owner is selling because he’s too busy with his other interests. He bought the business and property because a family member lived in the area with 3 teenage children – perfect workers for a business like this. They no longer live there so the need for a business so far from the Owners home isn’t necessary.Did I mention he runs this business as an absentee Owner. He only comes to the store 1-2 days a week for an hour or so. (It’s possible any business like this would do even better with a full-time working Owner). Ice cream is comfort food. It is consumed morning, noon, and night. Families (and individuals) come down after dinner and enjoy their dessert at the stand. Some of their best memories are from the ice cream stand with their families and friends.Did I mention he runs this business as an absentee Owner. He only comes to the store 1-2 days a week for an hour or so. (It’s possible any business like this would do even better with a full-time working Owner).Rent/LeaseThe landlord (who is the business Owner) will give you a fair lease and good terms along with the right of 1st refusal to buy the property (if qualified). Rent starts at $5,500 per month.Owner FinancingIf qualified, Owner will consider some financing.SalesSales for 2018 thru 2021 have averaged $374,411 per year ($7,200 per week). New Owner working full time is estimated to increase sales to +/- $400,000. At this volume, the Owner’s Cash flow is estimated to be +/- $49,000.This is 37.3% higher than 2021’s volume. Management feels with a working Owner or full-time manager this volume is doable. (In your “Due Diligence,” you need to feel you could do it too.)