3 High End Ice Cream Stores for Sale

New York, NY (New York County)

3 High End Ice Cream Stores for Sale
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Asking Price: $929,000

Cash Flow: $340,000

Gross Revenue: $1,500,000

EBITDA: $220,000

FF&E: $290,000

Inventory: $78,000*

Rent: $25,550 /Month

Established: 2007

*not included in asking price.

3 High End Ice Cream Stores for Sale

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Business Description

Great Locations, quick money makers for the season ahead.

3 Prime Locations for sale at an incredible price.
Owners moving farther away for School, and health reasons.
All stores are up to spec with design and ready to hit the summer season.
Willing to close the deal quickly for the high season, next owner will start building great cash flow with the season ahead.
Menu prices hadn't been increased in over 2 years, there is additional 10% of increase upon price tweak for the new owner.
Priced to Sell.

Detailed Information

New York, NY
Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Leases has 7years, 5 years and 8 years left with options to renew.
As an iconic brand internationally, we are the leading brand in the segment.
Growth & Expansion:
there were no menu item price increases for over 2 years, we want this to benefit the next incoming owner. There is immediate room to grow with hands on owner/operator. Labor % due to our operation deficiency can be remedied with hands on operator. Cogs are at over 32%, there is room there to trim as well. As the business gets revamped, there is around 10-14% of immediate increase that can happen, by long overdue price adjustment, trimming labor and cogs.
Support & Training:
There will be a discovery day, approval process, after, there is a field manager who is very hands on and helped the owners open the store, there will be support from the owner/s and store manager for easy transition.
Reason for Selling:
Moving, Family matters, semi retiring, out of state ownership
This business is an established franchise
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Business Location

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Business Listed By:
Peter B

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