Bridge Pointe, 214 Bridge Street, Building D, Metuchen, NJ 08840

 

BUSINESS PROFILE

                                 Franchised Ice Cream Store 

 

      Location:                                                     Central New Jersey Shore                                                    

      Years Established:                                     34 years                                        

      Under Present Owner:                              14 years            

      Gross Sales:                                                $427,974                 

      Cash Flow:                                                   $133,902                                     

      Inventory:                                                     $  11,000                                  

      FF&E:                                                            $  70,000                                                                                           

      Number of Employees:                              13                                    
      Asking Price:
                                               $349,000

      Reason for Selling:                                    Owner would like to retire                         

      Lease Expiration:                                        11/01/2016                                      

 

A profitable and popular Ice Cream store is available for sale. This 34 year old business has been under the present owner for the past 14 years.

 

The store is located at a busy intersection. One of the intersecting roads is a direct path to the nearby Jersey Shore.

 

The business has a customer base of mixed cultures and incomes. Being a Kosher ice cream store (a new owner does not have to stay Kosher) is a huge benefit for the business. None of the competition is Kosher.

 

Forty –five percent of the business is comprised of Ice Cream Cakes and Novelties representing a 75% gross profit. These items are made from scratch in the store. Soft serve and hand dipped make up the balance of the sales with a profit of 70%. They are also made from scratch in the store. A low overhead and a large profit from the sale of product will make this a business to own. The owner after many years is ready to retire.

 

The Franchisor required the buyer to train at their facilities before he or she would be able to take over the store. The owner would also stay on for a period of time to make sure there is a smooth transition.