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Businesses For Sale   >>   New York Businesses For Sale Categories   >>   

Best Known Italian Ice Franchise

Location  New York,United States
Asking Price Range  < $250K
Gross Revenues  $239637
Net Profit / Cash Flow  $70127
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2005
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Owned
Training  Seller will train
Reason for Sale  Personal
Description  This is the best know Italian Ice franchise on LI. It is very difficult to find a location for sale. This is a unique opportunity. Once you can get one location it creates opportunities to buy multiple units. This is a great seasonal business ideal for ''snow-birds'' or a family. The season typically runs 9 months, from March to November. They currently offer Italian Ices and soft serve ice cream. A new owner can add t-shirts, candy, hot dogs, etc. This location grossed approx. $260,000.00 in the 2012 season with a cash flow of approx. $70,000.00 for a part-time owner. A hands on owner/operator can add approx. $25K to the bottom line cash flow. The current owner has had this location for 7 years. They have 7 years remaining on the current lease with standard increases. Please keep in mind that there is a transfer fee of $7,500 that is NOT included in the asking price. We are looking for a serious buyer with at least $250K in liquid capital. If you fit the criterion please call or email Mel Vaz today at 631-909-1095.
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