Profitable Franchised Ice Cream Store in Strip Mall For Sale

Morris County, NJ

Profitable Franchised Ice Cream Store in Strip Mall For Sale
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Asking Price: $695,000

Cash Flow: $257,000

Gross Revenue: $642,700

EBITDA: N/A

FF&E: $80,000

Inventory: $5,000*

Established: N/A

*not included in asking price.

Profitable Franchised Ice Cream Store in Strip Mall For Sale

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Business Description

40 year old signature franchise ice cream shop along with fast food in the highest traffic area of the town. Located in a huge strip mall off a major thoroughfare with a well-known anchor store. Many area kids & sports teams frequent the place. Husband & wife team plan to retire once the store’s sold. Sells a high volume of ice cream & ice cream cakes, soup, hamburgers, sandwiches, salads & sides. FURNITURE, FIXTURES, & EQUIPMENT of $80,000 +/- included in sale. A new qualified tenant should get a similar favorable lease situation thru the landlord. Contact Seth Kain @ 201-317-4710 for additional details & showing.

Detailed Information

Location:
Morris County, NJ
Inventory:
Not included in asking price
Employees:
1 FT 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,550 square feet. Majority of the equipment is in very good condition. Owners are in the process of repairing two freezers which would then be in very good condition. Plenty of strip mall parking. All assets are included. Owners still have 9 years left on their lease. A new qualified owner should get a more favorable lease situation if so desired.
Competition:
There are two other ice cream franchise shops in the same town. Though, they're on the other side of the town. One of them offers fast food while the other one does not.
Growth & Expansion:
A new owner should deliver to local residents & businesses. The business is situated in an area with very easy access to various residential areas of the main thoroughfare. This includes easily getting to two neighboring towns.
Support & Training:
Two weeks of training at no cost at all to the new owner(s)
Reason for Selling:
The husband & wife team plan to retire
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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