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Successful Frozen Dessert Business for Sale

Kauai County, HI

Fresh and Ready
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Asking Price: $350,000

Cash Flow: $123,465

Gross Revenue: $539,437

EBITDA: N/A

FF&E: N/A

Inventory: $8,500*

Rent: $3,998.50 /Month

Established: 2008

*not included in asking price.

Successful Frozen Dessert Business for Sale

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Business Description

A successful and growing frozen dessert business is available on the Garden Island of Kauai. A well established family-owned and operated business rated as one of the best-frozen dessert stores on the island. The location is excellent, and the company is growing and has multiple additional growth opportunities. The business caters to retail and wholesale customers. We are listing the business confidentially. The owners are motivated to sell the company but also to do all they can to ensure a successful transition. While it is possible to consider running this business remotely, we believe it is best suited to being an owner-operated business.

Through 09/30/2019, the business has performed very well. Our SDE adjusted net has increased by more than 39% compared to 2018. The company, while mature, continues growing. The owners are committed to helping the new owners understand the opportunities available and ensure they successfully maintain the current growth rate and keep moving it forward. They are selling the business due to personal decision to relocate back to the mainland.

This business is unique as it is the only business of its kind on Kauai. Just about everything is made in house, contributing to high gross margins and a great deal of pricing elasticity. We have built a fun and rewarding retail business. Every day we receive the most fantastic feedback from customers about the quality and taste.

Detailed Information

Location:
Kauai County, HI
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
550
Lease Expiration:
1/31/2023
Employees:
8
Facilities:
All assets and prime retail location with a long-term lease in place. The sale includes all assets and items required to continue to operate as it does today. A complete list of assets is available during the due diligence process.
Competition:
Competitive marketplace with a large number of tourists. With the store being located within walking distance of over 40% of the available guest rooms likely will result in many repeat visits. Tourism continues to grow on our Island and 2018 appears to be on a record pace for both total number of visitors and average spending while on the island.
Growth & Expansion:
The business expects to add additional wholesale customers in 2019 and 2020 based on current relationships. A second retail location could be added, mobile food truck, expansion into grocery and big box retail, as well as expanding to other islands are all reasonable opportunities to expand the business.
Support & Training:
4 Weeks plus whatever is agreed upon during the sale process. The owners want the business to continue to grow and prosper and are open to discussions regarding support.
Reason for Selling:
Owners will be relocating to Mainland
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Business Listed By:
Marck shipley

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