Ice Cream/Cafe Business for Broker in Morris County, New Jersey

Business:Ice Cream/Cafe Business for Broker
County, State: Morris County, New Jersey
Business Type: Ice Cream Parlour, Restaurant/Cafes, Retail

Summary Description

This independent ice cream scoop/snack shop and cafe carries premium scooped ice cream, gourmet coffee, iced drinks, and hot snacks like hot dogs, etc. It also does a very lucrative lottery business that brings in a good portion of total sales. Excellent location on a major U.S. route in a huge Northern New Jersey strip mall that has 6 major anchor tenants. Parking is extremely plentiful, as is the foot traffic. The rent is low, and the potential to increase revenue and cash flow many times over is great. Current owners are engineers by trade, and admit to not having the skills to truly maximize the potential that this business has with its great location and top-quality product. In short, this is a solid business with huge room for growth, offered at a reasonable asking price.

About the Sale

Asking price: $70,000 (USD)

Financing: $40,000 down and balance @ 8% over 1 year

Total Revenues: $95,000 (USD)

Cash Flow: $42,180 (USD)

Reason Selling: Owner relocating.

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.