Ice Cream/Sandwich Shop on Gulf Blvd. Competitor Closing this month

Pinellas County, FL

Seller Financing Available
Ice Cream/Sandwich Shop on Gulf Blvd. Competitor Closing this month
Contact Seller

Asking Price: $124,995

Cash Flow: $83,951

Gross Revenue: $205,000

EBITDA: N/A

FF&E: $12,500

Inventory: $2,500

Rent: $1,460 /Month

Established: 1972

Ice Cream/Sandwich Shop on Gulf Blvd. Competitor Closing this month

Save Print Share Valuation Report

Business Description

Well established & very easily run Ice Cream & Sandwich Shop on Gulf Blvd that is a true TURN KEY business netting the owner almost $85,000 annually. It's biggest competitor (half a mile away) is about to close (October 2019) due to a new condo project on their property that positions this business for wonderful growth and even bigger profits for a new owner. This is one of those RARE OPPORTUNITIES that people 'kick' themselves about for not buying.....don't be that buyer. This type of business, making this kind of money, at this selling point ON THE BEACH......rarely happens.

Spacious store with a great layout, terrific FFE, tenured staff, plenty of parking, indoor & outdoor seating, simple & easy lunch menu items, low overhead, as well as an amazing selection of ice cream flavors make this business a joy to own and operate.

One full time employee (owner), and two part time employees run the business off season, and requires twice this many employees in the busy season.

The current lease expires in May 2020. However, the landlord is aware the business is for sale and is willing to sign a new lease with a new owner. The seller is willing to finance some of the purchase to the right buyer with a secured note.

Detailed Information

Location:
Pinellas County, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
800
Lease Expiration:
5/31/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Squeaky clean Ice Cream shop. 800 sq, ft. in multi store plaza with restaurants, bar, beach rentals, tee shirt/souvenir shops, real estate agents, etc. Well known busy plaza on Gulf Blvd across the street from the beach. Everything in the store is in excellent condition and has been well maintained. Newer AC unit as well as some new equipment purchased by the current owner make this business worry-free for a new owner. The monthly rent includes trash, sewer, and taxes. The store is licensed for 24 seats inside. The landlord is willing to sign a new lease with a new owner.
Competition:
This business generates approximately $200k in annual revenues, and has done so for years. However, with the closure of a nearby competitor, sales will potentially increase to record numbers.
Growth & Expansion:
The owner does not advertise the business. It is runs solely on its location and reputation with locals. With the imminent closure of it's competitor, a new owner could benefit from some advertising, social media advertising, etc. There is also room in the store to offer further treats, candy, souvenirs, etc.
Support & Training:
The owner will stay on for up to two weeks to help with training and transition.
Reason for Selling:
Relocation/Family.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Shane Keegan

Business Listed By:
Shane Keegan

A.J.Della Monica & Assoc.

Show Phone Number

View My Listings


Sponsoring Broker:
AJ Della Monica

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1683194 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Le Macaron

Franchise Opportunity In FL
Cash Required: $75,000