Two Highly-Profitable Premium Ice Cream Franchises in Richmond

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Asking Price:
$449,000

Gross Revenue:
$682,000
Cash Flow:
$200,302
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$59,134
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is a great opportunity to own TWO turn-key, thriving, premium ice cream franchises in the Richmond area. As new ice cream and yogurt shops have come and gone over the years, these shops have been consistently serving cool treats for 17 years straight! A loyal customer base has come to appreciate the exceptional ice cream that is made onsite every day with only the finest ingredients, not mixes simply dumped into a machine. These stores are about 10 minutes apart, and are priced as a package, but seller will consider splitting up. Strong franchisor support and a protected territory. Owner works part time and splits his time between stores. Open year-round, but business is seasonal with additional fully-trained part-time employees added during the warmer months.

About the Business

Year Established:
2001
Number of Employees:
2 FT/5 PT
Franchise:
Yes
Real Estate:
Owned
Facilities:
The stand-alone modular buildings are located in upscale retail centers in fast-growing residential communities. Both properties are available for lease or sale with the business. Real Estate details will be managed by KW Commercial.
Market Outlook/
Competition:
There are several other purveyors of ice cream (or yogurt) in the area, but none with the tenure and reputation for quality.
Growth & Expansion:
Significant potential for growth by expanding into the mobile event business.
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About the Sale

Reason For Selling:
Owner is retiring.
Training/Support:
Will train for 2 weeks @ no cost.
Buyer needs only a business license and a passion for serving customers. Will need to be vetted and approved by franchisor to ensure a good fit with strong organizational culture. Owner and franchisor will provide complete training.
Seller Financing:
Lender pre-screened w/ $89,800 Down.

Listing Info

ID:
1451745
Ad Detail Views:
444

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Business Listed by

Michael Metzger, CBI

Murphy Business & Financial Corporation, LLC

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

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Source: American Community Survey (2010-2014), United States Census Bureau.

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