Two Top Ice Cream Franchises in West Denver Suburbs

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Asking Price:
$345,000

Gross Revenue:
$880,000
Cash Flow:
$136,500
(Seller's Discretionary Earnings)

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

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

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Business Description

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

Year Established:
2009
Number of Employees:
6
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
2,900
Lease Rate/Sq. Ft./Yr.:
$45.53
Facilities:
Both stores are specially designed franchise stores. One is 1,400 sq. ft.; the other is 1,500 sq. ft.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Seller and seller's manager both wish to retire.
Training/Support:
Seller's current manager and the franchise are available to train and assist a new owner as needed.
Seller Financing:
$180,000, 8%, 3 Years

Listing Info

ID:
1479767
Ad Detail Views:
1493

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Business Listed by

Scott Perry

Colorado Business Brokers
License# FA.100077284

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Sponsoring Broker:

Glen Cooper
Colorado Business Brokers
License# #ER.100036824 Colorado R.E. License

U.S. Census Data for Jefferson County, CO
Age

Gender

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 Jefferson County, CO
Income

Education

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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