How Much Is Your Florida Ice Cream/Yogurt/Ice Business Worth?

A question on the top of every business owner’s mind is, “how much is my business worth?”

With season end approaching, I thought this would be a good time to update you on ice cream/yogurt/ice business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:

11 = the number of ice cream/yogurt/ice businesses sold in the last twelve months by the Business Broker of Florida Association members.

$265,229 = the average revenue of the 11 sold ice cream/yogurt/ice businesses.

$108,250 = the average sold price of the 11 sold ice cream/yogurt/ice businesses.

$63,810= the average owner benefit generated in each sold ice cream/yogurt/ice business.

0.41 = the revenue multiple (sold price divided by revenue) of the 11 sold ice cream/yogurt/ice businesses.

1.7 = the owner benefit multiple (sold price divided by owner benefit) of the 11 sold ice cream/yogurt/ice businesses.

96% = the average percentage down payment of the 11 sold ice cream/yogurt/ice businesses.

276 = the average number of days on the market of the 11 sold ice cream/yogurt/ice businesses.

What does this mean?

Ice cream/yogurt/ice businesses are in demand. And, in spite of a more conservative and cash strapped buying clientele, they are still paying near historical multiples with a percent down not realized in many other industries. If you have been contemplating selling your ice cream/yogurt/ice business, now is a great time! Please contact me for a no obligation discussion.

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.