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Price Reduced Property Ice Cream Shop w Seller Financing

Manahawkin, NJ (Ocean County)

Price Reduced Property Ice Cream Shop w Seller Financing
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Asking Price: $725,000

Cash Flow: $73,775

Gross Revenue: $237,318

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2015

Price Reduced Property Ice Cream Shop w Seller Financing

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Business Description

This is a must see opportunity to own the property and a growing 5 Star Ice Cream Shop in an Ocean County shore town. Unlike other shops this is a year round business with income streams from retail, wholesale and special events. Created 3 years ago, it has enjoyed a consistent annual growth rate with opportunity to increase even higher. The business sells high quality ice cream made on premise but also hosts parties in the shop, and provides a full menu of party food for outdoor events, delivered and served from its mobile ice cream truck which 12% of the business. They have a year round wholesale business which is 10% of the business.
The property is situated on a main road with constant traffic. It is a corner lot with a parking lot and easy access. The building has been completely redone with the 1,219 sqft main floor remodeled with a creative flair and all new equipment. It has a full basement for storage. The upstairs, once an attic, was gutted and converted into a 814sqft 2 room office with a half bath, and separate entrance for rental income.

The owner wants to sell the total package and is willing to offer seller financing for a qualified buyer. The business and property is offered at a reduced price of $725,000 with a down payment of $475,000 and $250,000 seller note for the balance. The business is valued at a reduced price of$175,000 and the property at $550,000. The purchase price includes all the equipment valued at $70k, and the trucks.

The owner’s primary business is expanding and he does not have the time to give the shop the attention it needs to achieve its maximum potential. The owner will provide 2 weeks assistance during the transition.
For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.

Detailed Information

Location:
Manahawkin, NJ
Employees:
6
Facilities:
Recently remodeled first floor with full basement and remodeled 2nd floor apartment and parking lot.
Support & Training:
Seller will provide 2 weeks training support
Reason for Selling:
Due to the expansion of other business interests owner does not have the time to
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Paul Holveck

Business Listed By:
Paul Holveck

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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