Ice Cream Shop For Sale in Grand Island $245,000 in Sales

988

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