Hot Listing
From Cone to Cashflow – Own This Ice Cream Dream!
Business Description
Established Ice Cream Shop - Richmond, VA
This iconic ice cream shop has been serving the Richmond community since 1960, offering over 60 years of proven success and brand recognition. Located in a highly visible, walkable area, this established franchise operation presents an exceptional opportunity for an owner-operator seeking a profitable food service business.
Financial Performance:
- Annual Revenue: $378,600
- Cash Flow (SDE): $284,000
- Strong 75% cash flow margin demonstrates efficient operations
- Established customer base with loyal following
Business Highlights:
- Over 60 years of continuous operation with deep community involvement
- Signature flavors and specialty products that differentiate from competitors
- Excellent atmosphere with focus on speed, quality service, and convenience
- Established franchise with proven business model and brand recognition
- Specialty products and catering services provide additional revenue streams
Real Estate & Assets Included:
- Owned real estate valued at $580,000 (1,140 sq ft)
- FF&E valued at $77,000
- Inventory included in sale
- Turn-key operation ready for immediate ownership
Operations:
- 4 employees provide operational support
- Owner available for training and transition support
- Established systems and procedures in place
Growth Opportunities:
- Extend operating hours and expand seasonal promotions
- Add mobile catering and delivery app partnerships
- Develop partnerships with local schools, sports teams, and festivals
- Implement social media marketing and customer loyalty programs
- Host themed events and expand menu offerings
- Leverage high foot traffic location for increased visibility
Competitive Advantages:
- Prime location with strong foot traffic and visibility
- Unique signature flavors and superior customer service
- Deep community roots and established local relationships
- Seasonal business peaks capitalize on location benefits
- Creative marketing and local event participation drive customer retention
This represents a rare opportunity to acquire a profitable, established business with significant real estate value, proven cash flow, and substantial growth potential in Richmond's thriving market.
Asking Price: $710,000
This iconic ice cream shop has been serving the Richmond community since 1960, offering over 60 years of proven success and brand recognition. Located in a highly visible, walkable area, this established franchise operation presents an exceptional opportunity for an owner-operator seeking a profitable food service business.
Financial Performance:
- Annual Revenue: $378,600
- Cash Flow (SDE): $284,000
- Strong 75% cash flow margin demonstrates efficient operations
- Established customer base with loyal following
Business Highlights:
- Over 60 years of continuous operation with deep community involvement
- Signature flavors and specialty products that differentiate from competitors
- Excellent atmosphere with focus on speed, quality service, and convenience
- Established franchise with proven business model and brand recognition
- Specialty products and catering services provide additional revenue streams
Real Estate & Assets Included:
- Owned real estate valued at $580,000 (1,140 sq ft)
- FF&E valued at $77,000
- Inventory included in sale
- Turn-key operation ready for immediate ownership
Operations:
- 4 employees provide operational support
- Owner available for training and transition support
- Established systems and procedures in place
Growth Opportunities:
- Extend operating hours and expand seasonal promotions
- Add mobile catering and delivery app partnerships
- Develop partnerships with local schools, sports teams, and festivals
- Implement social media marketing and customer loyalty programs
- Host themed events and expand menu offerings
- Leverage high foot traffic location for increased visibility
Competitive Advantages:
- Prime location with strong foot traffic and visibility
- Unique signature flavors and superior customer service
- Deep community roots and established local relationships
- Seasonal business peaks capitalize on location benefits
- Creative marketing and local event participation drive customer retention
This represents a rare opportunity to acquire a profitable, established business with significant real estate value, proven cash flow, and substantial growth potential in Richmond's thriving market.
Asking Price: $710,000
About the Business
- Years in Operation
- 65
- Employees
- 4
- Franchise
- This business is an established franchise
- Facilities & Assets
- Turnkey ice cream shop in a well established, high-traffic area with strong local and seasonal foot traffic. Includes serve machines, dip cabinets, walk-in freezers, topping stations, blenders, cone makers, and all small wares. Also comes with a stocked supply of branded cups, cones, napkins, syrups, toppings, and mix-ins. Known for quality ingredients, creative flavors, and great service. Menu includes sundaes, shakes, splits, and cakes with possible expansion into catering. Perfect for new owners. Training available per request—start serving day one!
- Market Outlook / Competition
- The ice cream market is competitive, but this shop offers unique flavors, great service, and strong community ties that help it stand out. Seasonal peaks and a highly visible and walkable location helps boost success. An established history, creative marketing and local events all help to increase visibility and retain customer loyalty.
- Opportunities for Growth
- This highly visible location offers strong growth potential through extended hours, seasonal promotions, and expanded menu offerings. Add mobile catering, delivery apps, or event hosting to boost revenue. With strong foot traffic and community engagement, there’s opportunity to build partnerships with local schools, sports teams, and local festivals. Social media marketing, loyalty programs, and themed events can further grow the customer base and brand recognition.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 1,140
About the Sale
- Transition Support
- Owner will stay on to train if requested.
Listing Info
- ID
- 2382965
- Listing Views
- 1658
Attached DocumentsAttachment Disclaimer
Listing ID: 2382965 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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