Premium Ice Cream Franchise - Absentee Owner
Location New York,United States
Asking Price Range < $250K
Gross Revenues $480000
Net Profit / Cash Flow $70000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1995
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The buyer will help transition and the franchise provides the training needed to be successful.
Reason for Sale Seller has other opportunities they want to pursue.
Description This ice cream franchise for sale has a reputation for being super-premium and among the best money can buy. The owner is absentee and the employees handle all operational and managerial functions. The sales have been stable for many years. They have done 20 catering events in 2008 that generated $1,000 - 6,000 each. Because this is an existing franchise, the owner will not have to pay royalties on sales but instead will pay an annual franchisee fee and monthly advertising fee which is thousands less annually than what the royalty fees would be.
Facilities: 250 sq ft of retail space and 250 sq ft in the basement. Prime upper west side location with high foot traffic.
Competition: This is a great brand which stands alone in terms of quality and name recognition. The shop has a great location on a major high foot-traffic street.
Growth and Expansion: The seller has had good success with handing out coupons so this could be done more extensively with other forms of promotion. And the catering business can be expanded.
Support/Training: The buyer will help transition and the franchise provides the training needed to be successful.
Reason Selling: seller has other opportunities they want to pursue.
Year Established: 1990's. Current owner since 1999.
Employees: 6FT/3PT in Summer, 4FT/2PT in Winter.
Click Here To Contact Seller
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