Established Ice Cream Shop - Richmond, VA
This iconic ice cream shop has been serving the Richmond community since 1960, offering over 60 years of proven success and brand recognition. Located in a highly visible, walkable area, this established franchise operation presents an exceptional opportunity for an owner-operator seeking a profitable food service business.
Financial Performance:
- Annual Revenue: $378,600
- Cash Flow (SDE): $284,000
- Strong 75% cash flow margin demonstrates efficient operations
- Established customer base with loyal following
Business Highlights:
- Over 60 years of continuous operation with deep community involvement
- Signature flavors and specialty products that differentiate from competitors
- Excellent atmosphere with focus on speed, quality service, and convenience
- Established franchise with proven business model and brand recognition
- Specialty products and catering services provide additional revenue streams
Real Estate & Assets Included:
- Owned real estate valued at $580,000 (1,140 sq ft)
- FF&E valued at $77,000
- Inventory included in sale
- Turn-key operation ready for immediate ownership
Operations:
- 4 employees provide operational support
- Owner available for training and transition support
- Established systems and procedures in place
Growth Opportunities:
- Extend operating hours and expand seasonal promotions
- Add mobile catering and delivery app partnerships
- Develop partnerships with local schools, sports teams, and festivals
- Implement social media marketing and customer loyalty programs
- Host themed events and expand menu offerings
- Leverage high foot traffic location for increased visibility
Competitive Advantages:
- Prime location with strong foot traffic and visibility
- Unique signature flavors and superior customer service
- Deep community roots and established local relationships
- Seasonal business peaks capitalize on location benefits
- Creative marketing and local event participation drive customer retention
This represents a rare opportunity to acquire a profitable, established business with significant real estate value, proven cash flow, and substantial growth potential in Richmond's thriving market.
Asking Price: $710,000
Ad#:2382965
