Business Summary:
Highly successful name brand Ice Cream Parlour at a very attractive price. Newly renovated, this is a clean, cheerful store with new equipment on the busiest street in the heart of town. The location is literally walking distance from the town elementary and junior high schools, the town church, railroad and residential houses, which drives year round activity. The store grossed approx. $230,000.00 in 2007, with a Net Income of approx. $104,000.00. The seller is asking a negotiable $160K. That is less than 2x's multiple. Brand name, large selection of hard ice creams and a soft serve machine with the ability to make 10 flavors, and a frozen yogurt machine offering 24 different flavors (which change every week); makes this a popular destination. The lease is phenomenal with 12 years left and a rent of only $2,864 per month (incl. taxes and maintenance) for a 2,500 sq. ft. store. You will not find a better lease for an ice cream store! The store currently books private parties as it can seat 25 people, but the space allows you to add a 'Party Room', game stations, and other food items. There is so much space that you could add another franchise such as a Subway, Blimpie, or Nathan's. The store has demonstrated steady revenue growth since it opened. The store is well connected into the local school district and is utilized for teacher/student events. New town projects have just been opened (courthouse and nearby Franchise), that have increased traffic. Good part time help has been easy to hire, so one of the current owners did not need to always be in the store. Franchisor is very supportive. Easy and fun business. Call today for an appointment!
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