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Business for Sale Summary

Local Gelato Shop for sale in Essex County - 34343

Business Type: other eating & drinking places,other food stores,seller financing available,ice cream parlour/frozen yogurt stores
Owner Financing
Local Gelato Shop for sale in Essex County
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This business has received 11 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $110,000
Gross Revenues $442,000 Lease Remaining Register Free to View
Owner’s Cash Flow $86,175 Number of FT Employees Register Free to View

Financing

$110,000 Down and $115k at a rate of 7% for 60 months

Business Description

Artisanal gelato shop with Italian recipes and equipment. Family run business ideal for franchising, also offers pannini sandwiches, espresso and coffee, pastries, cold beverages and holiday gifts. Gelato is made fresh, on-site daily. Shop is located in the heart of one of Northern NJ's most vibrant and high traffic downtown suburban areas. Inside seating for 16 and outdoor seating for 20 . Location (7 years on lease) is surrounded by highly-rated restaurants, bars and entertainment venues. Once-in-a-lifetime opportunity to purchase a fully-established venue that attracts visitors from all over NJ who rave about the product. Operating margin of approximately 20% and rising after only one year of operation. Owners all have other jobs and are not able to manage rapid growth. For any additional info do not hesitate to call the listing broker, Nathan Goldstein, at 877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.