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