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Absentee-Owned Ice Cream Store in Mobile, AL

Listing was updated on: 11/08/2019
Absentee-Owned Ice Cream Store in Mobile, AL

Property Overview

Price/Rent PSF $ 1,400.00
Asset Type Retail
Trade Type Lease
SQ. FT. Available 1
Date Available 09/06/2019
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Description

Absentee-Owned! Profitable independent ice cream store! No franchise royalties or transfer fees! Perfect for an owner-operator. Yearly Revenue is approximately $144,000 or $12,000 per month! Seller started the business from nothing 1 year ago and the business is already profitable! Seller is selling to make more time for their family. Net profit is nearly $60,000 for the first year in business AFTER paying all expenses, rent, and a payroll of $36,000 per year! An owner-operator can generate nearly $100,000 in income working at the store! 3-year renewable lease available. Rental increase is $100 every year. Total rent including CAM and water is extremely low at only $1,400 per month! Incredible hours! Business is only open Monday thru Thursday 12pm to 9pm and Friday thru Sunday 12pm to 10pm! Absentee-Owned! Sellers only do payroll and paperwork for the store. Currently 4 part-time employees and 1 shift manager on payroll. Store can easily accommodate hot food in the business. The space originally had a restaurant prior to the ice cream store! There is a grease trap and a hood can easily be installed! Located in a popular shopping plaza surrounded by schools, banks, and major retail stores. Quick Sale! Asking Price: $69,000 + inventory. Inventory is approximately $3,000.

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