Popular Ice Cream/Yogurt Shop and Coffee Bar
Asking Price: $99,000
Cash Flow: N/A
Location: Saratoga County
This business is an independently owned and operated retail premium frozen yogurt and coffee shop; It is NOT a franchise. This is not your typical yogurt shop; their focus is on healthy eating options while supporting local business.
The owners had a vision for their business with a focus on some health minded options while still holding on to its charm and history of being “slightly north of naughty”. There are always eight freshly made frozen yogurt options, including sugar free and dairy free varieties, with over fifty toppings available. In addition, the shop sells bubble teas, exclusive Utica Coffee, both hot and cold brewed, delicious protein shake and smoothie options, steel-cut oats served with fresh fruit/toppings and steamed milk, fresh baked cookies, muffins and more. The company also caters for special events like graduation and birthday parties, office functions and fund raisers.
Year Established: Originally opened in 2010; sold to current owner in early 2016.
Employees: 6 – 8 P/T, depending on the season.
Facilities: The facility leases approximately 2,500 square feet. Current rent is $64,800 and the lease term is four years with a three-year option.
Competition: There are no other frozen yogurt shops in close proximity.
Growth & Expansion: The local community sponsors a multitude of year-round events that would surely benefit from the shop’s catering services. Setting up delivery services to Skidmore College, SUNY Adirondack, Empire State College and Saratoga Hospital to name a few, would increase revenues substantially.
The company has already been contacted by NYRA to set up a kiosk at the Saratoga Race Course, but given the time constraints of the current owner, they decided to pass on that opportunity.
About the Sale
Financing: The owner would prefer cash at closing, but may consider some financing for a qualified Buyer.
Support/Training: The owner will stay on for a reasonable and negotiated transition period to train the Buyer in all aspects of the business
Sale Objective: The business is currently managed on an absentee basis. The owners feel that the shop would benefit from hands-on attention, to reach its full potential.