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Asking Price$120,000
Revenue | $245,313 |
Established | Undisclosed |
Cash Flow | $72,116 |
Employees | 1 full, 5 part |
FF&E | $73,500* |
Franchise | Yes |
Inventory | $5,000* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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All the necessary equipment, inventory, management, and staff needed. Owner/operator to operate this turnkey premium ice cream store in Grand Island with $245,000 in sales. As a shop that is run 95% absentee, you have your choice of passively running this operation, or managing the store yourself to increase the owner’s profit. With a well-known and respected name, this ice cream shop continues to receive awards every year including “Franchise 500” list by Entrepreneur Magazine in 2012 and “People’s Choice Awards: Best Ice Cream” by Fresno Magazine. With options in hand-made creations, on-the-go orders, catering and personalized orders of cakes, cupcakes and cookies, customers are bound to find the ultimate ice cream experience at this shop! This turnkey business has $14,000 in fixtures and $54,500 in equipment. With a difficult to achieve 33% profit margin in 2014 and 29% in 2015, this business achieved a valuation (2014 Cash Flow x Multiple =Price) of $209,136 and is fully collateralized for an equipment loan. Based on 2014, after all debts and expenses are paid, the Buyer can expect first year Net Operating Income of $57,828 and a rate of return of 138% from a 35% down payment at the discounted list price of $120,000.
Reason for Selling: Owner moved out of town
Personnel: 1 manager and 5 part time staff in place for easy transition
Hours: Sunday: 12PM – 9PM; Monday – Thursday 12PM -9PM; Friday – Saturday 12PM – 10PM
Lease: Sublease through corporate franchise
Support to Buyer: Corporate franchise will conduct all training
Additional Information: Current Owner’s Responsibilities: Mostly Absentee, this is a turnkey business
Location and Service Area: Grand Island, NE
Reason for Selling: Owner moved out of town
Employees: 1 manager and 5 part time staff in place for easy transition Seller Training Period: Corporate franchise will conduct all training
Purchase Price: $120,000 35% Buyer Down Payment: $42,000 15% Seller Financing: $18,000 50% Bank Loan: $60,000 Fully collateralized on equipment loan First year return on Buyer's down payment= 138%. First year Buyer’s profit after debts/expenses= $57,828
Facilities: | Location and Service Area: Grand Island, NE |
Training/Support: | Corporate franchise will conduct all training |
Seller Financing: | 15% $18000 |
Sale Reason: | Owner moved out of town |
Ad #78005
Seller Reference #RES049
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