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Businesses For Sale   >>   Cleveland Businesses For Sale   

Lomg Established Donut / Ice Cream Shop For Sale

Location  Cleveland, Ohio, United States
Asking Price Range  < $250K
Gross Revenues  $100000
Net Profit / Cash Flow  $11000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1971
Number of Employees  1 - 3
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  one month training
Reason for Sale  health issues

Business Description Well established long time donut store for sale in upscale neighborhood. Typical month show $1000 profit and $10,000 approximate revenue. With owner- operator, profit will go up accordingly as payroll lessens. Great location but needs some hands on management as owner is unable to visit store often and bring ideas such as breakfast sandwiches, lunch sandwiches and dinner food to fruition. Owner is only asking for $25,000 down payment for 40+ year established company. Current stated location has been there for approx. 5 years. Donuts are made off site so only work is counter help. Opportunity to buy an established business and grow it by adding some small appliances. Once in a lifetime chance to own such a business! Detailed Information Facilities: 1500 SF area front with back office Competition: Great brand name, very nice coffee shop interior, premier old fashioned donuts, great location. Growth/Expansion: Good upside potential by adding breakfast sandwiches, later hours, additional items such as lunch and dinner offerings in the form of a variety of sandwiches, and adding venues such as poetry readings, community gathering meetings, etc. Financing: $50,000 - $25,000 Down Payment= $25,000 Support/Training: Worker will train on the job Reason Selling: 78 years old/consolidating assets Broker Information Sam Alberico (P) 216-224-3859

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