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Only Ice cream store in town

New Jersey

Asking Price: Gross: Cash Flow:
$139,000 $225,000 $66,710

Furniture and Fixtures Value:
$85,000 (included in the asking price)

Business Summary:
Only carvel franchised store in Bloomfield, no other ice cream franchises in entire city. Open all year and profitable each month of year. Located within 1 block of high school, learning centers, and large commercial story edifice. Metered parking; 3000 apartment unit being built behind store. Ready to open April 2014. Sales have been steady since opened 8 years ago. Upstairs apartment on 2nd floor comes with monthly rent. Consists of bedroom and full bathroom and very large foyer. No supermarkets in area to sell Carvel brand. Carvel will allow franchisee to open a Nathan’s Hot Dog & Cinnabon franchise within store. Parking for owner. When completed new apartment complex should increase gross volume by 15%. No ice cream vendors in entire area.

 
   
   
Year Business was Established: 8
   
Number of Employees: 6ft  
   
Facilities / Terms of Lease: Only carvel franchised store in Bloomfield, no other ice cream franchises in entire city. Open all year and profitable each month of year. Located within 1 block of high school, learning centers, and large commercial story edifice. Metered parking; 3000 apartment unit being built behind store. Ready to open April 2014. Sales have been steady since opened 8 years ago. Upstairs apartment on 2nd floor comes with monthly rent. Consists of bedroom and full bathroom and very large foyer. No supermarkets in area to sell Carvel brand. Carvel will allow franchisee to open a Nathan’s Hot Dog & Cinnabon franchise within store. Parking for owner. When completed new apartment complex should increase gross volume by 15%. No ice cream vendors in entire area.  
   
Potential Growth/Expansion: expanding morning hours especially during summer season, waiting for completion of 3,000 unit apartment complex immediately behind store  
   
Competition: No competition in township that store is located in  
   
Owner willing to finance: Owner will accept liberal financing of 59,000  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Mother wants to retire  
 

 

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