Asking Price: $449,000 Gross Revenue: $682,000Cash Flow: $200,302 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 included in asking priceFF&E: $59,134 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
2 FT/5 PT
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.
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.
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.
Two Highly-Profitable Premium Ice Cream Franchises in Richmond
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