Profitable Ice Cream Shop

Elmira Heights, NY (Chemung County)

Profitable Ice Cream Shop
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Asking Price: $140,000

Cash Flow: $31,000

Gross Revenue: $190,000

EBITDA: $31,000

FF&E: $65,000

Inventory: N/A

Real Estate: $60,000

Established: 1959

Profitable Ice Cream Shop

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Business Description

Long-established business

Cash flow positive business with a history of revenue and profit growth. Reputation for best ice cream in the area. Over $400,000 invested in the business.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
500
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
New in 2016 - top-of-the-line pressurized soft-serve machines, institutional-grade freezer, institutional-grade refrigerator, dipping cabinet, commercial dishwasher. Newly insulated.
Competition:
Well-established. One of the busiest shops in the area.
Growth & Expansion:
Potential to add food items or expand the operating hours or season.
Support & Training:
Many employees stay on year-to-year, including supervisory employees.
Reason for Selling:
Owner runs two other business and doesn't have sufficient time to dedicate.
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Business Listed By:
Thomas Friedrich

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