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Profitable Franchised Ice Cream Store in Strip Mall For Sale for sale in Morris County, NJ

Morris County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 695,000 $ 642,700 $ 256,910

Furniture and Fixtures Value:
$ 80,000 (included in the asking price)

Inventory Value:
$ 5,000 (not included in the asking price)

Business Summary:
40 year old signature franchise ice cream shop along with fast food in the highest traffic area of the town. Located in a huge strip mall off a major thoroughfare with a well-known anchor store. Many area kids & sports teams frequent the place. Husband & wife team plan to retire once the store’s sold. Sells a high volume of ice cream & ice cream cakes, soup, hamburgers, sandwiches, salads & sides. FURNITURE, FIXTURES, & EQUIPMENT of $80,000 +/- included in sale. A new qualified tenant should get a similar favorable lease situation thru the landlord. Contact Seth Kain @ 201-317-4710 for additional details & showing.

 

   
Year Business was Established: 40
   
Number of Employees: 2 PT/ 1 FT  
   
Facilities / Terms of Lease: 1,550 square feet. Majority of the equipment is in very good condition. Owners are in the process of repairing two freezers which would then be in very good condition. Plenty of strip mall parking. All assets are included. Owners still have 9 years left on their lease. A new qualified owner should get a more favorable lease situation if so desired.  
   
Potential Growth/Expansion: There are two other ice cream franchise shops in the same town. Though, they're on the other side of the town. One of them offers fast food while the other one does not.  
   
Competition: A new owner should deliver to local residents & businesses. The business is situated in an area with very easy access to various residential areas of the main thoroughfare. This includes easily getting to two neighboring towns.  
   
Owner willing to finance: There's no owner financing being offered at this time. The owners would consider a deal contingent on lender financing for qualified buyers.  
   
Owner willing to train: There are two other ice cream franchise shops in the same town. Though, they're on the other side of the town. One of them offers fast food while the other one does not.  
   
Reason for selling: The husband & wife team plan to retire  
   
Seller Reference Number: 6308sk
BusinessMart.com Listing Number: 236478
 

 

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For more info contact:

Larry Bodner

Executive Business Brokers
908-851-9040

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