Price Reduced - Motivated Seller - Gelato Shop with Great Location.

Oklahoma City, OK (Oklahoma County)

Seller Financing Available
Price Reduced - Motivated Seller - Gelato Shop with Great Location.

Asking Price:$50,000

Cash Flow:$43,412

Gross Revenue:$411,679

EBITDA:N/A

FF&E:$132,370

Inventory:$11,850

Rate/Sq. Ft.:N/A

Established:2012

Price Reduced - Motivated Seller - Gelato Shop with Great Location.

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Business Description

Price Reduced - Motivated Seller - Great Opportunity!

Holiday Season is upon us and it's a great time to get into this business. This beautifully built out Gourmet Gelato Shop opened in 2012 in OKC offering its award winning authentic artisan style Italian Gelato. This is a profitable business and can be operated absentee or as an owner/operator. This Gelato shop has been rated “Best in Category in Best Location in Oklahoma”. Sales in 2016 are tracking through August to reach 460K. This is a well-established business in a prime shopping and dining area.All fixtures and equipment are included in the sale. The store is only 4 years old and the equipment is in excellent condition, This is a leased location with 350 square feet and a total rent of $$6,566 per month. The lease ends 06/2022 with options to renew. The Seller is not active in the business with has 7 employees. The business has $3,000 in inventory and $132,000 in FF&E, both of which are included in the asking price. Also, the business has $41,000 in Leasehold Improvements on the Balance sheet. The sale is confidential and no employee should be contacted regarding this sale.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
350
Lease Expiration:
6/1/2022
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is location in a high-end mall in OKC. The leased location is 350 square feet. All fixtures and equipment are included in the sale. The store is only 4 years old and the equipment is in excellent condition, The lease ends 06/2022 with options to renew. The Seller is not active in the business with 8 PT employees. Hours of operation are Mon-Thurs 12-9 and Fri-Sun 12-10. The business has $3,000 in inventory and $119,000 in FF&E, both of which are included in the asking price. Also, the business has $104,000 made in Leasehold Improvements on the Balance sheet.
Competition:
This is a high traffic location in highly successful enclosed super regional mall. This is the only Gelato operator within mall and within 7 miles surrounding the business.
Growth & Expansion:
There is an ample market for providing catering and to market to wholesale accounts within area restaurants.
Support & Training:
The owner is willing to train the buyer in all aspects of business operations with complete training and transition support. The owners will provide one week of on-site training and support with an additional 2 weeks of on-call support. In addition, the Franchisor will provide 1 weeks of intense classroom training. The owner will provide support at the store level for a seamless transition. In addition, the Franchisor provides full franchisee training including ongoing marketing and operational support.
Reason for Selling:
The current owner has other business interest.
Franchise:
This business is an established franchise

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Geary Welch

Business Listed By:
Geary Welch

Murphy Business & Financial Corporation

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