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Accommodation & Food Services

Absentee-Operated Ice Cream Shop Business-only

Chattanooga, TN, USA
Updated 169 days ago

Sales for 2024 were 131,000! 2024 generated over 8% greater sales than 2023! Seller built out the space and started the business 2 years ago! Sales are increasing substantially every year! Seller is 100% Absentee! Huge opportunity for an Owner-Operator! Rent is ONLY $2,400 per month! Store Information: Business is independent and NOT a franchise! Be Your Own Boss and don't worry about franchise fees! Store is only open for 10 hours a day from 12 pm to 10 pm! Buyer can easily extend hours to maximize earnings! More than 120 Google Reviews with an average 4.8 stars rating! There is currently a vacant bowling alley at the strip mall that will be leased in the future! Future customers of the bowling alley will want ice cream! Seller will require a name change because he owns other locations with the same name and is available to assist with the name change. Geographic and Demographic Details: Extremely high traffic count of 76,860 on the main highway and a traffic count of 24,540 vehicles passing by the store each day! Local population is growing by 2.5% annually! Median household income is $61k! Nearby colleges like Miller-Motte College, Chattanooga College for Medical, Dental & Technical Careers, ICCM Bible Institute, and K-12 schools like Hickory Valley Christian School, East Brainerd Elementary, Brainerd High School, St. Nicholas School, and Grace Baptist Academy collectively serve over 6,000 students and faculty! Close proximity to restaurants like Chili's Grill & Bar, Molcajete Mexican Restaurant, Red Robin Gourmet Burgers and Brews, Olive Garden Italian Restaurant, J. Alexander’s Restaurant, Firebox Grill, Cheddar's Scratch Kitchen, and Chuy's. Near apartment complexes like Midtown Ridge Apartments, Ledford at Hamilton Place, Waterford Place Apartments, Forest Hill Villas Apartment Homes, Bridgeway Chattanooga, Villas at Oak Crest, Elements Of Chattanooga, Hunters Point Apartments, Populus Waterside Apartments, and Ashford Villas Apartment Homes. Close proximity to a mixed-use real estate development with 16 luxurious residential units, a 99-unit multifamily development and a hotel development with 123 rooms. An upcoming residential development project nearby will feature 42 single-family detached homes. 15 minutes from Downtown Chattanooga! 1 hour 30 minutes from Knoxville, TN! 2 hours from Atlanta, GA! 2 hours 30 minutes from Nashville, TN! Asking Price for Business-only: $99,000 plus inventory! Price reflects only the cost of the buildout! Seller is willing to owner-finance for the right down payment and buyer!

Represented By Broker?

Yes

Financials

Asking Price
$69K
RevenueMost Recent Year
$131K
Earnings (SDE)Last Reported
$12K
Assets Value
Undisclosed
Seller Financing
Subject to Negotiation

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