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Italian Ice / Custard / Ice Cream & More!

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Virginia Beach city Co., VA   |  Retail Stores for Sale – Other Retail Stores Businesses for Sale   |  Businesses for Sale Between $100k and $150k

Asking Price:
$149,500

Gross Revenue:
$218,361
Cash Flow:
$46,528
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$750
included in asking price

FF&E:
$60,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Italian Ice, Custard, & More! Operating just under 10 years this Number One ranked Quick Refreshment Specialty Ice hot spot continues as a leading location. Over 600 franchises populate the nation and as a result have grown to become the largest Italian Ice concept in the nation, currently operating in 19 states. You will be hard pressed to find a more proven business model than this Italian Ice Franchise! What’s even more exciting is the owner has little involvement, nearly absentee, and the location only operates six months a year! Yet in that capacity the owner is still enjoying a cash flow of nearly $50,000 annually. Moreover, the location is well established, conveniently located on a major thoroughfare with easy access and smack dab in the center of a major shopping district in a prominent zip code. The business model is proven, and has measurable and sustained incremental growth. Even more exciting, there is room to grow. The franchise offers, and this location is able to operate satellite units. So while the facility operates, a satellite unit can be positioned and operating in a people centered local venue during the busiest summer months. This business presents a buyer an exciting opportunity at a perfect time to take over. And that’s not all, the owner will insure a smooth transition into the business.

About the Business

Year Established:
2007
Number of Employees:
1 FTE; 12 PTE
Franchise:
Yes
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About the Sale

Training/Support:
Will train for 2 weeks @ no cost.

Listing Info

Keywords:
Ice Cream, Yogurt, Ice, Flavored Ice, Ice Cream, Yogurt, Virginia Beach City County, Virginia
ID:
1401637
Ad Detail Views:
57

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Business Listed by

Russ Bieber

Murphy Business & Financial Corporation

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U.S. Census Data for Virginia Beach city County, VA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Virginia Beach city County, VA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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


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