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31248917

1234 Confidential, Chattanooga, TN 37421

KP
GA 338748, FL (+5)
River Brokers
Listed by River Brokers
$29,900
76 days on market
Updated 10 days ago

Absentee-Owned Ice Cream Shop in Chattanooga, TN!

Details
Property Type Business for Sale, Retail
Sub Type Convenience Store, Ice Cream Shop
Square Footage 2,400
Units 1
Cap Rate 41.47%
NOI $12,400
Occupancy 100%
Price per SqFt $12
Class A
Buildings 1
Stories 1
Investment Type Owner/User
Occupancy Date 05/11/2026
Ground Lease No
Ownership 100%

Sales for 2025 were 140,000!

Marketing description

Key Financials:

Sales for 2025 were 140,000!

Seller built out the space! Sales are increasing substantially every year!

Seller is 100% Absentee! Huge opportunity for an Owner-Operator!

Rent is ONLY $2,400 per month!

Store Information:

Business is independent and NOT a franchise! Be Your Own Boss and don't worry about franchise fees!

Store is only open for 10 hours a day from 12 pm to 10 pm! Buyer can easily extend hours to maximize earnings!

More than 120 Google Reviews with an average 4.8 stars rating!

There is currently a vacant bowling alley at the strip mall that will be leased in the future! Future customers of the bowling alley will want ice cream!

Seller will require a name change because he owns other locations with the same name and is available to assist with the name change.

Geographic and Demographic Details:

Extremely high traffic count of 76,860 on the main highway and a traffic count of 24,540 vehicles passing by the store each day!

Local population is growing by 2.5% annually! Median household income is $61k!

Nearby colleges like Miller-Motte College, Chattanooga College for Medical, Dental & Technical Careers, ICCM Bible Institute, and K-12 schools like Hickory Valley Christian School, East Brainerd Elementary, Brainerd High School, St. Nicholas School, and Grace Baptist Academy collectively serve over 6,000 students and faculty!

Close proximity to restaurants like Chili's Grill & Bar, Molcajete Mexican Restaurant, Red Robin Gourmet Burgers and Brews, Olive Garden Italian Restaurant, J. Alexander’s Restaurant, Firebox Grill, Cheddar's Scratch Kitchen, and Chuy's.

Near apartment complexes like Midtown Ridge Apartments, Ledford at Hamilton Place, Waterford Place Apartments, Forest Hill Villas Apartment Homes, Bridgeway Chattanooga, Villas at Oak Crest, Elements Of Chattanooga, Hunters Point Apartments, Populus Waterside Apartments, and Ashford Villas Apartment Homes.

Close proximity to a mixed-use real estate development with 16 luxurious residential units, a 99-unit multifamily development and a hotel development with 123 rooms.

An upcoming residential development project nearby will feature 42 single-family detached homes.

15 minutes from Downtown Chattanooga! 1 hour 30 minutes from Knoxville, TN! 2 hours from Atlanta, GA! 2 hours 30 minutes from Nashville, TN!

Asking Price for the Business is only $29,900 plus inventory!

If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

Listing Contacts

KP
GA 338748, FL (+5)
River Brokers
Listed by River Brokers

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$12,400.00
$1,033.33/mo

Valuation Metrics

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DSCR
41.47%
Cap Rate
41.47%
ROI

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