Asking Price: $345,000 Gross Revenue: $880,000Cash Flow: $136,500 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: $60,000 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.
These two well established ice cream franchise stores in fast-growing West Denver communities are being offered together at one price. They are ideally positioned for a new owner to take over. The stores are both absentee owned by a seller who wishes to retire. A full-time manager is in place managing both stores. She is planning to retire, but is available for a training a new owner.
Both stores are in upscale areas and one store is set to grow quickly as a new light rail station and premiere experience cinema complex both open across the street. The second location, less than seven miles away, already has its major cinema complex and is in the heart of a major shopping development. The construction of new housing continues as a fever pitch in both areas.
This is a well-known and well-respected ice cream franchised brand that has grown to over 1,200 locations worldwide since it was founded in 1992. These two stores were first built-out in 2002 and in 2006. The current owners acquired them in 2009 and in 2011 respectively.
The long-term success of these locations provides a new owner an established foundation to continue growing whether they focus on just improving profits from these stores or use this business to help them build a portfolio of such stores around Denver and elsewhere. One of these two stores has run smoothly since its beginning. One, however, has been hindered by surrounding construction that is now largely complete.
Both stores have current leases that are renewable and there is plenty of parking at both locations.
The surrounding areas are ideal lifestyle-rich communities, part of the Denver Metro area. Less than seven miles separate these two stores making it easy for a new owner to manage both locations. The manager is retiring but could be available to train a new owner. The franchise itself provides training, but the fact that the current manager may also be available is a great potential benefit to a new owner.
The franchise brand has a nationwide - and even worldwide - following. This opportunity to acquire these two locations of this well-known franchise offers a prospective new owner a price that is less than the build-out of one new store! The support of the local franchise owner association is also highly regarded by the area’s franchisees and can be helpful to a new owner in growing these businesses.
A new ice cream store requires finding the right location and investing in a major build-out that often costs as much as $500,000. The build-out has the additional expense of incurred rental charges until the build-out is complete and then often requires many more months until break-even is achieved.
Buying these two established stores allows a new owner to generate immediate cash flow. With the right ownership and community outreach, a new owner can grow their profits as the markets around these stores continue to develop.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Yr.:
Both stores are specially designed franchise stores. One is 1,400 sq. ft.; the other is 1,500 sq. ft.
There is plenty of competition, and always has been. This franchise has its unique customer following.
Growth & Expansion:
There is an opportunity here to either keep the business as is or go ahead and grow it rapidly. Both stores are in the centers of activity for their respective communities. Current absentee ownership has not been able to keep up as a new owner could.
Two Top Ice Cream Franchises in West Denver Suburbs
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