Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Ice Cream Shop Cafe
(Food & Beverage , Fast Food)
Bergen County , NJ
Listed Price: $ 65,000
Listing ID: FF370

Listing DetailsGross Revenue: $ 100,000
Cash Flow: $ 35,000
FFE: $ 58,000 (Included in Price)
Reason for Sale:

The sale is due to the owner retirement after many years in this business.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2012
Employees: 1
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4200
Monthly Rent: $ 2,391
Square Footage: 850
Facilities:

The café consists of approximately 850 square foot, retail shop located on an active commercial avenue with many other successful businesses. The business location is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this food product.


SummaryBusiness Description:

Café, ice cream shop located on an active commercial avenue in Northern New Jersey. A warm attractive decor awaits you in this established, unique cafe in a busy downtown setting with great sales and wonderful reviews. The cafe has become known for its homemade high-quality frozen desserts making it a friendly and enjoyable experience. This popular local family-oriented café serves specialty desserts with a full espresso and coffee bar. They offer many sweet treats to choose from including their delicious pastries, and ice cream. They use the highest quality ingredients and they strive to provide their customers with a wonderful experience at an affordable price. Located in a prime highly visible downtown location with lots of foot traffic and located near theaters, and retail business center with plenty of indoor and outdoor seasonal seating and easy parking on the street in front or in rear parking lot. This company has 1 full time employee, and 2/3 seasonal employees who is unaware of the pending sale, fully expected to remain post-closing. The business has an assignable commercial lease which expires 4/01/2020, plus additional options, with a monthly rent of $2,391, all in, cost per square foot is estimated at $33.75 and rent security of approximately $4,2,00. The business has been priced / valued at $65,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Owner financing with $30,000 down. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.


Competition:


Limited competitors presently exist in the industry, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, basic web site and if improved can further develop the business yearly gross sales. The new operator can also expand efforts to participate in events and fairs, promote the Ice cream & Gelato cake sales; expand early morning operating hours (which will increase the coffee, Espresso drinks & pasty sales. Open additional days during the off-season months and additional products added to the offering.


Financing/Terms:

Available with a down payment of approximately $30,000.