Catylist ID:
#30868942
Turnkey High-End Ice Cream Shop!
Undisclosed Address, P C Beach, FL
Business Opportunity
for Sale
| Catylist Listing ID: | 30868942 |
| Property Subtypes: | Food and Beverage |
| Building Size (RSF): | 1,356 SF |
| Sale Price: | $189,000 |
| Year Business Established: | 2017 |
| Gross Revenue: | $289,545 (Annual) |
| Cash Flow: | $0 (Annual) |
| Relocatable Business: | Yes |
| Sale Terms: | Asset sale. Over $200,000 in FFE and inventory. Shop has been immaculately maintained and ready for new ownership at closing. |
| Last Updated: | 7/10/2024 |
Overview / Comments
|
Established in 2017, this destination offers an array of premium ice creams, sherbets, and sorbets, alongside an exquisite selection of artisanal chocolates, toffees, and freshly made confections. Also serving up classic New Orleans-style shave ice Snow-balls, crafted with their own exclusive pure cane syrups. One of the highest rated Google reviewed ice cream shop in the area! This is a turnkey business opportunity that has been under semi-absentee ownership since 2017. A seasoned general manager has been handling the day-to-day operations. The shop is situated in a prime location by the beach and amidst a bustling nexus of hotels, restaurants, and retail establishments. The potential for success is undeniable. With a comprehensive package that includes well over $200,000 worth of furnishings, fixtures, and equipment along with a well-stocked inventory, this opportunity offers a seamless transition to new ownership. As the current owners prepare to retire, they stand ready to provide training and support, ensuring a smooth handover and continued success for the next custodian of this beloved establishment. Facility is immaculate! Newer and well maintained equipment. Over $200,000 of FF&E will convey to new owner. This shop is turnkey and ready for a new owner to continue with the momentum the current owners and staff have created! Sales are up 20% YTD. Great opportunity. |
Additional Details
| Industry Segment: | Other Food and Beverage |
| Reason for Selling: | Retirement |
| Value of Inventory Included ($): | $6,500 |
| Value of Furniture, Fixtures, and Equipment ($): | $200,000 |
| Real Estate Status: | Leased |
| Value of Real Estate Included ($): | $0 |
| Real Estate Lease Description: | Exp.Date: 2032 Lease Terms & Condition: 3% rent increase every November. Lease expires 2032- in current first 5-year option to 2027; second 5 year option to 2032. Landlord will need to approve new owner. |
| Employee/Labor Description: | Full time manager in place. Owner lives out of state - semi-absentee ownership. Seasonal employees averages 6-8 |
| Mgmt/Training Support Description: | Owner can be on hand for 1-week (40 hour schedule) in person, and another three scheduled 6-8 hour days within the week following. Any of such days can be, at a buyer's discretion, running to and through closing time. |
| Competition/Market Description: | We are entering the prime season (Spring/Summer) for this ice cream shop. Revenues have grown every year, and 2024 is expected to be another record year. This shop continually receives nearly 5-star ratings on both Google and Facebook - attracting both locals and tourists. |
| Growth/Expansion Opportunities: | Owner has done limited advertising, so the market is wide open for a new owner to further spread the word. In addition, current owner believes there is room to increase the pricing as well as expand offerings. |
| Seller Financing Description: | 50% cash down. Balance on a note would need to be secured by UCCC financing statement on the store assets and a real estate 2nd mortgage (or 1st) on some type of property owned. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,878 | 19,609 | 27,371 |
| Median Age: | 46.33 | 39.54 | 40.59 |
| Households: | 912 | 8,797 | 12,100 |
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