Summary: 
All the necessary equipment, inventory and staff needed
Business Type: 
specialty
Business Type: 
food
Location: 
Nebraska
Price: 
$120,000
Sales Revenue: 
$245,313
Cash Flow: 
$72,116
Realestate Included: 
No
Inventory: 
$5,000
Employees: 
6
Internal Listing:: 
RES049
Reason for Sale: 
Owner moved out of town

All the necessary equipment, inventory, management, and staff needed. Owner/operator to operate this turnkey premium ice cream store in Grand Island with $245,000 in sales. As a shop that is run 95% absentee, you have your choice of passively running this operation, or managing the store yourself to increase the owner’s profit. With a well-known and respected name, this ice cream shop continues to receive awards every year including “Franchise 500” list by Entrepreneur Magazine in 2012 and “People’s Choice Awards: Best Ice Cream” by Fresno Magazine. With options in hand-made creations, on-the-go orders, catering and personalized orders of cakes, cupcakes and cookies, customers are bound to find the ultimate ice cream experience at this shop!

This turnkey business has $14,000 in fixtures and $54,500 in equipment. With a difficult to achieve 33% profit margin in 2014 and 29% in 2015, this business achieved a valuation (2014 Cash Flow x Multiple =Price) of $209,136 and is fully collateralized for an equipment loan. Based on 2014, after all debts and expenses are paid, the Buyer can expect first year Net Operating Income of $57,828 and a rate of return of 138% from a 35% down payment at the discounted list price of $120,000.
Owner Profit/Cash Flow
2015: $72,116 (if absentee owned: $41,968.)
2014: $80,936 (if absentee owned: $54,647.)
Profit Margin: 33% in 2014 29% in 2015
Multiple: 2.9 *Multiples range from 1-5, with the average being 3
Valuation: 2015 Cash Flow x Multiple = Price
$72,116 x 2.9 = $209,136
List price of $120,000. Price reduction=+$90,000 due to out of town owner

Hours: Sunday: 12PM – 9PM; Monday – Thursday 12PM -9PM; Friday – Saturday 12PM – 10PM
Seller Training Period: Corporate franchise will conduct all training
Current Owner’s Responsibilities: Mostly Absentee, this is a turnkey business

35% Buyer Down Payment: $42,000
15% Seller Financing: $18,000
50% Bank Loan: $60,000

Fully collateralized on equipment loan
First year return on Buyer's down payment= 138%.
First year Buyer’s profit after debts/expenses= $57,828

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