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 what used to be a bank, the shop is 115m2 inside and has use of the outdoor terrace with 15 tables, it enjoys a corner in a great neighborhood with top to bottom window and great exposure with shaded seating area.
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 under 2.5 without increasing the workload, this is excluding owner salaries so true return on investment.
The shop opens from 13:00 to 24:00 10 ½ months a year.
Fair market value of the equipment currently in store is estimated at 110K and consistently carries between 10-15K in inventory at any given moment (included in the asking) with sales over 180K.
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 and use the shop as a meeting point during the evenings since on the next block is the biggest park of the area, so a certain interaction with clients is expected, however the current owner leaves around 18:00 since he produces the ice cream.
This business can also be purchased without the production equipment at 85K 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.