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Established and Profitable Ice Cream Shop for sale in Malaga City €175,000


Current Price: €175,000
New Price:
Rate data provided daily by European Central Bank
M2
90

This very successful, easy to run and profitable business is for sale at asking 175K in a great area filled with upper-middle class residents, gross sales of +/- 210K with +/- 85K cash flow.

The sale will include all equipment (100K) and inventory (15K) as well as transitional training and support.

Widely recognized as among the top Ice Cream shops in Malaga, it is not uncommon to see a line forming up in this great business even when the staff has a good thru-put system to take orders and get customers moving down the line.

Located in the intersection of 3 of Malaga’s biggest residential neighborhoods the business caters to about 80K clients within walking distance, it also benefits from a nearby Mall, Supermarket and football stadium as well as heavy car traffic exposure.  The premises are 90m2 inside and has use of the outdoor terrace with 10 tables.

Rent is low at just 1500/month renewable every 5 years and profitability is very high, the owner is scaling back his workload and thus has priced very reasonably at an ROI of just over 2.0 without increasing the workload, this is excluding owner salaries so true return on investment.

The shop opens from 13:00 to 24:00 for 10 ½ months a year.

Fair market value of the equipment currently in store is estimated at 100K  and consistently carries around 15K in inventory at any given moment (included in the asking) with sales over 210K and cash flow of 85K.

We would recommend any prospective buyer considering this option to have a working knowledge of Spanish as the majority of clients are of Spanish nationality so a certain interaction with clients is expected, however the current owner leaves around 18:00 since he produces the ice cream and employees can handle the bulk of serving work.

This business can also be purchased without the production equipment at 99K with a production/supply agreement with the seller for 5 years at the market rate which would reduce the net profit to +/- 30% of gross sales, the advantage being besides the obvious lesser capital requirements the reduced work hours (no production) and salary expenses.

The owner got into the business without any prior knowledge of restaurants or ice cream making and has since become in a recognized ice cream maker, he will offer the new buyer a prolonged and continued transitional period to ensure the continued success of the business so no prior experience needed.

Viewing Arrangements

Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor’s agents Business Broker Spain. 

Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.


BB6745L
Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6745L
Category: Bar, Business, Ice Cream
M2
90
Years Established
13
BB6745L
Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6745L
Category: Bar, Business, Ice Cream

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Non-Circumvention and Non-Disclosure Agreement

Between the following Parties:

Business Broker Spain SL (CIF: B54646153) and trading as Business Broker Spain and with registered Head Office: 10 Calle Arquitecto Urteaga 03730 Javea, (Alicante). Spain (hereafter ‘the agent’);

1.The Discloser intends to disclose information (the Confidential Information) to the Recipient for the purpose of purchasing any business introduced to you through by Business Broker Spain.

2.The Recipient undertakes not to use the Confidential Information for any purpose except the Purpose, without first obtaining the written agreement of the Discloser.

3.The Recipient undertakes to keep the Confidential Information secure and not to disclose it to any third party except to professional advisers who need to know the same for the Purpose, who know they owe a duty of confidence to the Discloser and who are bound by obligations equivalent to those in clause 2 above and this clause 3.

4.The undertakings in clauses 2 and 3 above apply to all of the information disclosed by the Discloser to the Recipient, regardless of the way or form in which it is disclosed or recorded but they do not apply to:

a )Any information which is or in future comes into the public domain (unless as a result of the breach of this Agreement); or

b) Any information which is already known to the Recipient and which was not subject to any obligation of confidence before it was disclosed to the Recipient by the Discloser.

5.Nothing in this Agreement will prevent the Recipient from making any disclosure of the Confidential Information required by law or by any competent authority.

6.The Recipient will, on request from the Discloser, return all copies and records of the Confidential Information to the Discloser and will not retain any copies or records of the Confidential Information.

7.Neither this Agreement nor the supply of any information grants the Recipient any licence, interest or right in respect of any intellectual property rights of the Discloser except the right to copy the Confidential Information solely for the Purpose.

8.The undertakings in clauses 2 and 3 will continue in force for 2 years from the date of this Agreement.

9.This Agreement is governed by, and is to be construed in accordance with, Spanish law. The Spanish Courts will have non-exclusive jurisdiction to deal with any dispute which has arisen or may arise out of, or in connection with, this Agreement.

 
BB6745L
Malaga, Malaga
Spain
Sale Type: For Sale
Ref #: BB6745L
Category: Bar, Business, Ice Cream

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