Custom Nitrogen Ice Cream Shop

Houston, TX (Harris County)

Front of store
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Asking Price: $60,000

Cash Flow: N/A

Gross Revenue: $249,000

EBITDA: N/A

FF&E: $100,000

Inventory: $5,000

Rent: $5,300 /Month

Established: 2018

Custom Nitrogen Ice Cream Shop

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Business Description

Custom made-to-order ice cream, growing franchise in growing community

Very unique and fun custom NE Houston ice cream shop in one of the fastest growing neighborhoods in the state (zip 77044, 77396, 77346), located in the new Generation Park development, which offers great growth potential. Next to Schlotzsky's, Akashi, Cafe Rian, Las Palomas, and Whataburger restaurants. Neighboring shopping centers with Kroger, Marshall's, Old Navy, Ross and many more shops, and Courtyard Marriott under construction next door. Summer Creek High School also across the street.

Revenues for 12 months ended 6/30/2019 were $249K. Catering started in Feb 2019 with the addition of a mobile liquid nitrogen unit, offering additional earnings potential for weddings, parties, and employee appreciation events. Can also provide science demonstrations in schools or in shop. The franchise supports a customer loyalty program with text messaging capability, and we have a database of over 4,000 customers. The addition of nitro coffee and cold brew coffee drinks is planned for September 2019.

Detailed Information

Location:
Houston, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
5/31/2023
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All equipment purchased brand new in 2018 and in excellent condition. The shop is 1500 square feet of 1st generation space, and has patio areas for dining in both front and back of store. Nitrogen tank is rented from Matheson for $423/mo. Facility rent is $3,750/mo plus triple-nets. Landlord is protesting tax increase so that is expected to decrease, but currently paying $5,300/mo total. Other equipment includes custom counter with special liquid nitrogen equipment, walk-in refrigerator, freezer, 4 compartment sink, ice maker, small fridge, dewar.
Competition:
Location is in the early stages of a massive new development, Generation Park. There are a few other ice cream or yogurt shops in the area, but this is a very unique offering, due to the customization and ability to watch your ice cream being made.
Growth & Expansion:
The main areas of opportunity would be in higher margin catering and school presentations. Also in the process of adding higher margin coffee sales, to include nitro-brew to tie into the nitrogen theme. Additional growth expected due to population growth and hotel under construction next-door, as well as complementary businesses like restaurants nearby, making this area a dining destination for the community.
Support & Training:
Owners can provide training, plus the franchise has a local area developer plus the corporate office for additional support. There are monthly calls with other franchisees to share best practices.
Reason for Selling:
Owners have other jobs, this would be more successful with on-site owner.
Franchise:
This business is an established franchise
Business Website:
http://www.subzeroicecream.com/find-location/i/34472600/generation-park-tx-sub-
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Business Listed By:
Chris Waite

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