5 Super premium Ice cream Stores for Sale in NY-NJ

New York, NY (New York County)

5 Super premium Ice cream Stores for Sale in NY-NJ
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Asking Price: $2,390,000

Cash Flow: $340,000

Gross Revenue: $2,850,000

EBITDA: $490,000

FF&E: $290,000

Inventory: $38,000*

Rent: $35,800 /Month

Established: 2007

*not included in asking price.

5 Super premium Ice cream Stores for Sale in NY-NJ

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Business Description

Great Locations, quick money makers for the season ahead.

5 Prime Locations for sale at an incredible price.
Owners Semi retiring.
All stores are up to spec with design and ready to hit the summer season.
it takes 6 weeks to close the deal, next owner will start building great cash flow with the season ahead
Priced to Sell.
Each store contributes greatly to side catering business

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,200
Lease Expiration:
N/A
Employees:
75
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leases has 9,6,6,7,6 years left with options to renew.
Competition:
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:
Family matters, semi retiring, out of state ownership
Franchise:
This business is an established franchise
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Business Listed By:
Peter B

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