Richman's Ice Cream Co. – Turnkey Business and Real Estate Opportunity An exceptional opportunity to own a long-established community landmark Ice Cream Store. Operating as Richman's Ice Cream Co. Featuring Philadelphia Water Ice, this freestanding commercial property is now available for sale, including the real estate and equipment. Situated on its own lot with dedicated off-street parking, the approximately 800-square-foot building has been serving loyal customers since the 1950s and offers a true turnkey setup for an owner-operator or investor. A new roof was installed in 2024, adding value and peace of mind. The property is currently operating as a Richman's Ice Cream company store. Richman's is not a franchise system; however, a buyer may continue operating as a licensed Richman's Ice Cream location by purchasing Richman's products and utilizing the established name. The current owner is willing to provide training, operational guidance, and assistance with licensing opportunities to ensure a smooth transition. Looking for a different venture? The flexibility of this property allows buyers to utilize the building for a variety of business uses, subject to local zoning and approvals. The value is in the real estate and equipment being conveyed—there is no additional charge for goodwill or the existing business operation. Included in the sale are: • Electro Freeze two-flavor soft serve machine with twist (Model 5400-137, single phase) • Electro Freeze nine-flavor machine (Model 44RMTFB-137S, single phase) • Two Excellence ice cream freezers • Two Hamilton Beach Mix & Chill milkshake machines • Beverage-Air two-drawer freezer • Beverage-Air sundae bar • AmeriCooler walk-in refrigerator • Hoshizaki ice machine • Auto Fry double self-contained fryer • Water ice dipping cabinet and multiple storage freezers • Stainless steel prep table • Upright refrigerators and freezers • Under-counter freezer • Three-bay sink • Hot fudge, caramel, cheese, and cone dip warmers • Two Future POS cash register systems • Security camera system • Safe • Pyle music system • Outdoor seating area with six tables and umbrellas • Miscellaneous utensils and operational equipment (Pepsi vending equipment is property of Pepsi) The seller may consider negotiating a purchase price without certain equipment. Whether you're looking to continue a beloved local ice cream destination or establish your own concept, this versatile property offers endless possibilities.
Rare opportunity to acquire a fully occupied, turnkey 5-unit multifamily investment asset generating approximately $77,100 gross annual income with estimated NOI of approximately $53,500 and an attractive 9.3% cap rate at asking price. Stabilized long-term tenancy, strong in-place cash flow, and favorable debt-service coverage characteristics position this property well for conventional commercial, DSCR, and multifamily financing options. Investor-friendly unit mix includes three 1BR units and two 2BR units. Extensive recent capital improvements include updated kitchens and bathrooms throughout, newer roof, and newly constructed oversized private deck off Unit D enhancing rental appeal and future income growth potential. Additional income opportunities include on-site laundry, potential garage/storage rental income, future parking expansion possibilities, and possible rear-yard expansion or redevelopment potential subject to buyer’s independent zoning and municipal approvals. Property features a 2-car garage, loft storage area, large multi-vehicle driveway, strong curb appeal, and limited deferred maintenance. Excellent opportunity for investors, local landlords, and 1031 exchange buyers seeking a stabilized, financeable, income-producing multifamily asset with immediate cash flow and long-term upside in a strong Delaware County rental market. Financials, OM, and rent roll available upon request. Serious qualified investors only.
Linwood is located in Pennsylvania. Linwood, Pennsylvania has a population of 3,083. Linwood is less family-centric than the surrounding county with 7.47% of the households containing married families with children. The county average for households married with children is 30.31%.
The median household income in Linwood, Pennsylvania is $68,657. The median household income for the surrounding county is $80,398 compared to the national median of $69,021. The median age of people living in Linwood is 36.8 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 43.2 inches per year, with 13.2 inches of snow per year.
