Ice Cream Store for Sale in Richmond

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Asking Price:
$55,000

Gross Revenue:
$190,000
Cash Flow:
$30,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
$20,000
included in asking price

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Business Description

Light & Raphael is pleased to offer for sale a successful ice cream store in Richmond, Virginia. The business is located in a shopping center. It is absentee owned and would benefit from a committed, onsite owner. The store offers a unique product and has a strong social media presence.

About the Business

Year Established:
2017
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$1.67 Per Month
Facilities:
Leased space at popular shopping center
Growth & Expansion:
The North America ice cream market is expected to register a CAGR of 4.1% during the forecast period, 2018 to 2023. The rise in income along with an increased indulgence for sweet dishes drives the growth of this market. The sales of low-quality ice cream have been declining due to the increased preference for premium ice cream. The innovative flavors that companies have come up with act as a major driver for this market. Moreover, private labelling reduces the price of ice creams, thereby increasing the demand. The sales of basic variety ice creams have been declining in favor of premium ones. Currently, the United States is leading the way due to the introduction of handcrafted ice creams, which is relatively linked to the market maturity.
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About the Sale

Reason For Selling:
Owner wishes to pursue other business interests
Training/Support:
Seller will provide support and training following the sale

Listing Info

ID:
1582240
Ad Detail Views:
0

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Business Listed by

Gavin Raphael

Light & Raphael

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U.S. Census Data for Chesterfield, Fairfax, Henrico and Richmond city Counties, VA
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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Chesterfield, Fairfax, Henrico and Richmond city Counties, VA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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