SBA Prequal 40 Y.o.high Margin DC Ice Cream Shop
Washington, DC District Of Columbia County
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- RE: SBA Prequal 40 Y.o.high Margin DC Ice Cream Shop
- Contact: Andrew Gallagher
Quick Facts
| Asking Price: | $650,000 | |
| Annual Revenue: | $520,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $295,900 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1980 | |
| Employees: | 2 | |
| BBN Listing #: | 949965 | |
| Broker Reference #: | 090122-684786 |
Business Overview:
We are offering a rare opportunity to acquire a well-established, highly popular ice cream shop in 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.
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Property Features and Assets:
Founded 40 years ago, this ice cream shop has become a cherished part of the DC community. It has weathered economic shifts and industry changes, continually adapting to meet customer needs. The shop’s longevity and success are testaments to its strong business model and dedicated customer base.
Market Competition and Expansion:
Growth Potential: Significant opportunities for growth through enhanced digital marketing strategies, delivery services, and hosting private events.
This ice cream shop enjoys a competitive advantage due to its longstanding reputation and prime location. Its loyal customer base and high foot traffic set it apart from newer establishments. The shop’s strong community ties and consistent performance make it a standout in the local market.
Reason for Selling:
retirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more District of Columbia businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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