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Local Gelato Shop In Essex County For Sale

Essex County, New Jersey, US
Asking Price:
$225,000
Sales Revenue:
$442,000
Cash Flow:
$86,175

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.

If interested, please contact the seller through the form on this page.

Business Operation

Reasons for selling:

Other priorities

Employees:
14PT
Years established:
2021

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

110,000.00 Down & $115k at a rate of 7% for 60 months

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$20,000

Contact Vested Business Brokers HQ

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