www.FranchiseAdvantage.com
 

Businesses for Sale: Listing Details

 
ICE CREAM FRANCHISES – (5) STORES (METRO NYC)
Seller: Attn: Marc D. Weiss
Location: Metro NYC, NY, USA
Listing Number: "10160"


Asking Price: $995,000 USD USA Dollars
Industry: Food & Beverage: Coffee, Cafe, Dessert
Reason for Selling: Owner is retiring.
Year Established: 1982
Number of Employees: 20
Yearly Revenue: $1,765,000
Yearly Cash Flow: $500,000
Yearly EBITDA: $500,000
Yearly Net Profit: $500,000

Overview:
Tremendous opportunity to own five (5) major brand ice cream franchise stores; all conveniently located within a 20 mile radius. All the stores are in great locations with excellent visibility: (1) 2 stores (White Plains, NY and Yonkers, NY) are located in major shopping plazas; (2) 2 stores (Greenwich, CT and Queens, NY) are located on major commercial streets, and (3) one store (Bronx, NY) is located in a multi-building residential apartment complex. The stores were opened in the following years: 1982 (White Plains, NY area and Greenwich, CT area); 1990 (Yonkers, NY); 1994 (Queens, NY); and 2006 (Bronx, NY). The owner has developed an extremely well-run operation with loyal employees. The asking price is well justified by the franchises well known brand name, excellent reputation, and the great cash flow ($500,000) consistently produced by the stores. This is an excellent opportunity for a newcomer or someone with an ice cream or restaurant franchise background to step into an extremely profitable and well run five (5) franchise store operation.

Property Features and Assets:
All 5 stores have excellent locations with great visibility: (1) White Plains, NY - 25 year history. Recently renovated; expanded store. Located in a major shopping plaza on a major commercial street. (2) Yonkers, NY - Located in a major shopping plaza. Great growth potential with new location in mall. (3) Greenwich, CT – Great location on a major commercial shopping avenue. 25 years-old. Excellent cash flow. (4) Queens, NY - Located on a major commercial street. Expansion potential includes adding another franchise such as Subway… (5) Bronx, NY - Located in a very large residential apartment complex. New store; opened in 2006. Great growth potential.

Market Competition and Expansion:
There is some competition from other similar type businesses; however, there are only a limited number of other stores of this brand within the 20 mile radius of the stores. This business has significant growth potential for the right buyer, including adding additional stores.

Additional Details:

Contact this Seller
To contact the seller of this specific business for sale please complete and submit the following form. *All fields are required.
First Name: *
Last Name: *
Email Address: *
Phone Number: *
Address:
City: *
State/Province: *
Country:
Zip/Postal Code: *
Security Code:
7084
Enter the security code shown above: *
Feel free to add any additional information:
 
Yes! I would like to receive the BizOpp Journal, the official newsletter of FranchiseAdvantage.com!
Yes, I agree with Franchise Advantage's Business Buyer User Agreement.