Listing Number: 090122-684786
Description
We are offering a rare opportunity to acquire a well-established, highly popular ice cream shop in fashionable NW Washington, D.C. This turnkey business has been a beloved fixture in the community for 40 years, consistently generating impressive sales and known for its prime location.
Key Features:
Prime Location: Strategically situated in a bustling area of Washington, D.C., guaranteeing high foot traffic and visibility.
Established Reputation: Operating successfully for 40 years, this shop has built a loyal customer base and a strong community presence.
Absentee Owner: The business runs smoothly with an absentee owner, making it a true cash cow.
Financial Highlights 2023
Total Sales $520,000.00
Cost of Goods Sold $64,900.00
Total Expenses $175,000.00
Net Income $280,100.00
Owner's Salary $12,000.00
Beneficial Addbacks $3,000.00
Seller Discretionary Earnings $295,900.00
Fully Equipped: Ready for immediate operation with all necessary equipment and fixtures included.
Versatile Concept: Perfect for introducing a fresh concept or continuing the current successful one, subject to landlord approval.
High Foot Traffic: Located in a prime area, ensuring a steady flow of customers.
Growth Potential: Significant opportunities for growth through enhanced digital marketing strategies, delivery services, and hosting private events.
Listing Details
- Price: $575,000
- Down Payment: $100,000
- Sellers Discretionary Earnings: $204,800
- Total Sales: $410,000
- Location: Washington, District of Columbia
- Inventory: $20,000
- FF&E: $100,000
- Employees: 2
- Year Established: 1980
- Reason for Selling: Owners retirement
- Category: Ice Cream Yogurt Ice
Contact Agent:
- Andrew Gallagher
- Phone: (202) 969-0974
- Email: [email protected]
