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Listing Id: 28422 Last Refreshed: 23/05/2023 1257 Views

Established Ice Cream Shop With Manufacturing Capability Looking For Takeover

Expired
Asking Price S$180,000
This listing has Expired

This listing is no longer active and is not accepting enquiries. The seller may renew it to make it available again.

Overview

Financial Performance

Monthly Figures
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
S$5,000

Business Operations & Assets

Owner Role
Full Time
Premise Status
Rent
Premise Type
Commercial Street
Premise Size
400 sqft / 37 sqm

Business Details

Reason For Sale

Selling to pursue other opportunities

Description

[LOOKING FOR TAKEOVER]


Ice Cream Shop located within a shopping mall in town area 

Equipped with Carpigiani ice cream machine (top tier ice cream churning machine)

Currently, apart from shop's sales, the business also supplies to two other businesses/clients

Owners' intention has always been to set up the business and sell it off -- because this is the owners' side hustle


COGS of ice cream is approx. 20% of the selling price 

SOPs all ready 

Currently operational 

Rental is approximately $5K 


Interested parties to sign NDA 

Owners selective about partners who takeover

Requires full-time commitment to run the business on both B2C and B2B aspects 


Good for first-timers who would like to set up a dessert shop without knowledge

All SOP, recipe etc. provided


- Renovation > $100K

- Lease term 3 years (balance 2 years) 

- Takeover fee of $180K includes all equipment (>$30,000 even after taking into account of depreciation)

- Takeover fee also includes security deposit (approx $15K) held by the mall  


No low-ballers. Only sincere buyers

P&L will be shown only when buyer's profile is deemed fit by present owners 

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