Coolato Gelato Business for Sale (Downtown)

Business Opportunity for Sale
Catylist Listing ID: 30320838
Property Subtypes: Food and Beverage
Building Size (RSF): 1,450 SF
Sale Price: $1 - 250,000
Year Business Established: 2009
Gross Revenue: $2,009 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to Seller.
Last Updated: 12/6/2018

Overview / Comments

This business opportunity offers the efficiency of a turn key business, being in the center of a growing community, about a passion for culture, quality and inspiring meaningful conversations around the table.

Coolato Gelato provides a unique experience the whole family can enjoy and it's located at the very heart of a growing population center and surrounded by entertainment, arts, and cultural events downtown.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Knox
Industry Segment: Other Food and Beverage
Reason for Selling: More information available after receipt of signed NDA.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: The business includes lease hold improvements on (2) spaces. A street level consumer retail unit approximately 1,500 SF, ($3,750/mo and a below grate storage/prep unit approximately 1,200 SF ($1,800/ mo)
Employee/Labor Description: More information available upon request.
Mgmt/Training Support Description: More information available upon request.
Competition/Market Description: There are 600 planned new hotels rooms planned and over 1,000 new residential units planned for downtown Knoxville. Although there is not other Gelato their is currently indirect competition in frozen treats category by Cruze Farm, Kilwins, & The Phoenix.
Growth/Expansion Opportunities: Scalable model for additional cities in the region. Possible expansion of kitchen to include income from catering, and commissary rental.
Seller Financing Description: No Seller financing.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,891 83,235 151,688
Median Age: 25.87 31.89 35.21
Households: 5,817 33,448 64,825

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