Ice Desert Franchise
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $257000
Net Profit / Cash Flow $69000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2010
Number of Employees 6 - 9
Inventory $125,000 equipment & $1,500 inventory.
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale Owner has a full time job and now has limited time to maintain this business.
Description Highly successful national fast food Ice & Custard franchise located in Hudson County, NJ on an active commercial avenue and minutes from an NJ / NY train station. The business has a gross income of $257,000 and a net yearly income of $69,000 based with onsite ownership. This thirty year old franchise is open twelve months yearly and consists of thousands of locations throughout the United States and Canada.
The product is made fresh daily'' Italian ice custard obsession is hitting everyone's taste buds and creating a passion not just for the brand but the opportunity to become a franchise owner. Ice deserts & Custard quality products is their way of life-and a steadfast promise to their valued customers. They are dedicated to providing each Guest with a fresh, delicious, customized treat while delivering superior service and a dose of happiness. To ensure their customers receive only the freshest product available, their Freshness Policy requires the Italian Ice and Cream Ices be discarded if not sold within 36 hours of being made. Because the freshness and quality of our Ice is paramount, they aren't able to offer all of our 70 plus flavors each day. However, they rotate the flavors to create as much variety as possible and ensure there is always a flavor that appeals to each Guest's taste buds and some flavors may appear in the flavor rotation more frequently due to popular demand.
This particular business has six part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,910. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,200 and rent security $8,100. The business is in a commercial mall consisting of 500 square feet and has a capacity for approximately twelve customers.
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