Gelato and Frozen Dessert Store

Newport, RI (Newport County)

Seller Financing Available
Gelato and Frozen Dessert Store

Asking Price:$65,000

Cash Flow:N/A

Gross Revenue:$136,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2006

Gelato and Frozen Dessert Store

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Business Description

For Sale– Newport, RI Retail Ice Cream Store! Winner of “Best of New England Dessert Showcase 2014” This Award winning brand of batch made, all natural, artesian Gelato, is featured in finer restaurants, gourmet shops, grocery stores, hotels throughout MA, RI, CT and NY. The company is selling its retail location, founded in 2006.The store is located in the heart of Newport’s charming business district where is has a cult following by locals as well as tourists. This business has a proven business model, branded product, a broad customer base and is poised for growth with a new buyer and energy.

Detailed Information

Inventory:
Included in asking price
Employees:
10 part time; 1f
Facilities:
The store is a charming 600 sq.ft. retail space and 600 sq.ft. on the second floor for storage. Zoned as restaurant space, the concept can be retained or altered to reach a broader market.
Competition:
While there is some local competition, this store has a loyal following and is well recognized as the place to meet for superior gelato and high quality frozen desserts
Financing:
possible for qualified buyers
Reason for Selling:
reorganize management

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Mark Parsekian

Business Listed By:
Mark Parsekian

Northeast Business Partners

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Sponsoring Broker:
Ronald Hill CBI

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