$65,000- J.J.'s Eatery & Ice Cream Shoppe

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Asking Price:
$65,000

Gross Revenue:
$264,016
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$2,500
not included in asking price

FF&E:
$45,000
included in asking price

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Business Description

Offered is a unique opportunity to own restaurant that capitalizes on a great location in a historic district; an active local tourism promotion council that generates customer traffic by hosting numerous annual events; a charming building that has been totally restored; and a simple menu that serves favorite foods that create frequent repeat business.

Feaured is an old time soda fountain ice cream bar complete with counter stools and milk shake station. The ice cream is an attraction that has been aproven winner in bringing in traffic, sometimes packing the place with ice cream aficionados.
This restaurant has seen steady revenue growth since 2013 when it was opened under another name.

The ideal buyer will be an individual or family that knows how to run a restaurant, especially purchasing food and supplies to control costs, and can serve mainstay menu items and high quality food. This is a turnkey business with an established core of patrons coupled with tourist flows based on special events and the tourist season.

About the Business

Year Established:
2013
Number of Employees:
2 FT, 6 PT
Real Estate:
Leased
Building Sq. Ft.:
3,003
Lease Amount/Mo.:
$1,800.00
Facilities:
Business leases space in a fully renovated historic building originally built in 1900. Lease is on reasonable terms with utility costs that are very low. Landlord pays property taxes, insurance, water, and dumpster service. Located on a high foot traffic historic district street. There is plenty of opportunity for a good operator to capture more business with relatively little effort.
Market Outlook/
Competition:
There are a few nearby competitors but plenty of business for all. The current business model with limited hours keeps overhead low. The disadvantage is a significant amount of business is not being realized or captured. An active tourism council and regularly scheduled annual events and attractions bring thousands of out of town customers into the historic district and by the front of this store. Its attractive store front brings them in.
Growth & Expansion:
Additional revenue from food and drink can be obtained by having expanded hours of service and adding more items to the menu. Offering breakfast should also be considered.
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About the Sale

Reason For Selling:
Seller and wife have other jobs and also run a small farm..
Training/Support:
Will train new owner in basics of the business but buyer should have experience running a restaurant in order to be successful and reap the financial benefits. This is not a business for a passive owner.

Listing Info

ID:
1424264
Ad Detail Views:
105

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Business Listed by

Ramon Sanchez-Vinas

ValueSource Business Advisors

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