Ice Cream Business Boss

Six Tips For a Soft Serve Ice Cream Business Plan

Soft serve is a frozen dessert that is smoother than ice cream and is served from a machine instead of by hand. A soft serve ice cream business plan explains how to get started in this particular business and will assist you in planning for your venture’s success.

Six tips for a soft serve ice cream business plan are to create an executive summary, describe your products, decide on your location, analyze your market, develop your marketing strategies, and plan your finances.

To learn more about what to include in your soft serve business plan, keep reading.

Table of Contents

Create An Executive Summary

soft ice cream business plan

The first page of your business plan should include an executive summary section. If you intend to get financial support, make sure you write a good one because the executive summary may be the only page your investor will read.

Summarize your business concept briefly and clearly. Include a mission statement, an objective, a summary of your products, and a financial plan.

The purpose of an executive summary is to quickly and aptly convey the main ideas of your business plan to your readers. Among them are:

  • Mission Statement – Start by determining the main objective of your soft serve business. Tell us why it exists and what you hope to accomplish. This gives the reader confidence that you have a long-term perspective.

A mission statement ought to be concise and simple to understand, no more than a few sentences. Investors examine your mission statement to determine whether your values align with theirs.

  • Company Information – You mention a quick synopsis of your soft serve business here that includes the location, business owners, staff, and company history. If your business is well-known, this is a good place to highlight your accomplishments and professional background.

If your business is a startup, you can list the credentials and roles of your key team members. Investors can see your company’s culture through this. Mention the skills you want to hire if your team is still empty.

  • Problem and Solution – The market pain points you have identified and are working to address are mentioned here. It might also contain information on the expected demand for the goods and services you plan to provide and how they will benefit.

Investors evaluate the viability of your business concept based on how well your product addresses the issue you’re trying to solve.

Describe Your Products

A thorough explanation of your goods and services is provided in this section. The market need that your product aims to fill may also be included. Your product line, product descriptions, pricing plans, and other pertinent information are discussed in more detail in the products and services section of your business plan.

As a soft serve ice cream shop, you can describe the variety of ice cream flavors you offer and the size of the market for the product you intend to sell.

This section is extremely important in convincing potential partners or investors. The information you include and the way you write it will have a significant impact on whether or not your investors will agree to a deal with you.

Five Ways to Increase Your Ice Cream Shop Sales

Decide Your Location

Write about your potential location in this section so that you and your investors can envision what your soft serve business will look like. Provide information about the setting, such as its dimensions, floor plan, design, parking, etc., to make it feel as realistic as possible. 

Analyze Your Market

soft ice cream business plan

The significance of this section cannot be overstated. It serves as your soft serve business plan’s core. You cannot create a solid plan without thoroughly researching the market.

Try to understand as much as you can about soft serve market trends, your target market, your business’s position in the market, etc. while conducting a market analysis.

In order to create a successful marketing strategy, a thorough market analysis is essential. You’re more likely to make decisions based on assumptions without the information from market analysis, which increases the risk of potential failure. Finding the gaps in your solution requires a lot of market analysis.

Develop Your Marketing Strategy

It is easier to develop a marketing strategy after conducting a market analysis. You can now make note of the most precise method for contacting your target market.

This section will include both your marketing and sales strategy as well as a system for monitoring how well your strategies are working.

Here are some objectives to help you articulate the value of your marketing strategies for your soft serve ice cream business:

  • To Increase Visibility
  • To Establish a Reputation
  • Increasing Brand Awareness
  • To Develop Community
  • Promote Your Products and Services
  • Increase your lead-to-conversion ratio

Before you start creating marketing content, determine your objectives. Goals can be measurable or not, but they are necessary to inspire and contextualize the purpose of your marketing efforts. Don’t overdo it; simply concentrate on the big picture and what you truly want to accomplish.

Four Things That Will Make Your Ice Cream Shop Stand Out

Plan Your Finances

It’s best to plan your finances early on in order to ensure future success. You can avoid feeling lost and helpless by having a good financial plan . Your financial background, your financial situation right now, and whether you need funding are all covered in this section, as well as your business’s anticipated profit and cash flow.

A business plan’s financial section is divided into three sections: income statement, cash flow statement, and balance sheet, each with a brief analysis. These three crucial statements provide an overview of your organization’s financial situation.

Income statement – Your costs, receipts, and profits are displayed on the Income Statement for a specific period of time. In essence, it is a snapshot of your business that illustrates the viability of the business idea.

Cash flow statement – This section provides information on the business’s cash position and its capacity to make timely payments on financial liabilities.

Balance sheet – A balance sheet provides a quick overview of your worth. A balance sheet shows the net worth, also known as equity, of the business by adding up all the assets and subtracting all the liabilities. This statement is broken down into three sections: assets, liabilities, and a balance determined by subtracting the first two.

10 Gelato Shop Ideas

The six tips for a soft serve ice cream business plan are to create an executive summary, describe your products, decide on your location, analyze your market, develop your marketing strategies, and plan your finances. In conclusion, a business plan can help your soft serve ice cream shop expand tremendously. You could avoid the chaos and difficulties that haphazard businesses experience.

You can concentrate on what you enjoy doing the most with carefully managed finances and well-planned, well-tracked strategies. Additionally, it enables you to give your customers the best service possible.

How To Start Selling Ice Cream On The Street

Frequently Asked Questions

Ideally, soft serve ice cream machines should be cleaned at least three times per week. Examine your local and state food safety laws to see if there are any stricter regulations in place.

To avoid spoilage and the growth of harmful bacteria, keep mixes refrigerated at 41°F or lower. Temperatures as close to 32°F without freezing are recommended for storage.

To learn more on how to start your own ice cream/gelato business check out my startup documents here

This blog post is provided for informational purposes only. The information contained is not intended to constitute legal advice or to substitute for obtaining legal advice from a qualified attorney.

soft ice cream business plan

Hi! I am Shawn and I am a happy individual who happens to be an entrepreneur. I have owned several types of businesses in my life from a coffee shop to an import and export business to an online review business plus a few more and now I create online ice cream/gelato business resources for those interested in starting new ventures. It’s demanding work but I love it. I do it for those passionate about their business and their goals. That’s why when I meet a ice cream/gelato business owner, I see myself. I know how hard the struggle is to retain clients, find good employees and keep the business growing all while trying to stay competitive.

That’s why I created Ice Cream Business Boss: I want to help ice cream and gelato business owners like you build a thriving business that brings you endless joy and supports your ideal lifestyle.

TOP Creamery Mark

feature article:

Soft serve ice cream business: how to succeed.

Soft Serve

The study of soft-serve ice cream as a frozen dessert reveals a rich history, dating back to 1938, when J.F. McCullough, the franchise owner of Dairy Queen in Illinois, introduced a novel form of ice cream that was creamy and smooth in texture, easily scooped and served due to a special freezing and dispensing machine. This innovation quickly gained popularity, leading to the rapid expansion of the Dairy Queen franchise and the subsequent emergence of similar ice cream chains, such as Tastee Freez and Carvel.

The appeal of soft-serve ice cream lies in its ease of dispensing and creamy texture, achieved through incorporating air into the ice cream mix during the freezing process.

Soft-serve ice cream is a type of frozen dessert that is creamy, smooth, and often served in a soft, cone-like shape. It has been a popular treat for decades, and its history dates back to the 1930s.

Over the years, the evolution of soft-serve ice cream has involved the introduction of new flavors and variations.

For those interested in venturing into the soft-serve ice cream business, several crucial factors must be considered.

Soft Serve Ice Cream

Business Plan. Firstly, a comprehensive business plan outlining target market, marketing strategies, and financial projections is essential.

Offer High-Quality Products. Secondly, a focus on offering high-quality products, made from premium ingredients and a variety of flavors and toppings, is imperative.

Do Not Underestimate Costs. The importance of accurately estimating costs, including equipment, rent, utilities, and labor, must also be emphasized.

Have a Strong Brand Identity. Establishing a strong brand identity, through a unique logo, packaging, and overall aesthetic, can enhance the visibility of the business.

Choose the Right Location. The selection of the right location, one that is easily accessible, with high foot traffic, and near other businesses or attractions, is crucial.

Invest in Good Equipment. The investment in good-quality equipment is necessary to produce high-quality soft-serve ice cream.

Create a Welcoming Atmosphere. Creating a welcoming atmosphere, through the decoration of the store with colorful accents and comfortable seating, is advantageous.

Promote your Business. Adequate promotion of the business, through social media, local advertising, and word-of-mouth, is necessary.

Focus on Customer Service. Provision of excellent customer service, through the training of friendly, helpful, and attentive employees will always be a success factor.

Diversify your Offerings. Finally, diversifying offerings, such as smoothies, shakes, and ice cream cakes, can expand the customer base and increase revenue streams.

The study of soft-serve ice cream provides insight into a unique and appealing form of frozen dessert, and the considerations necessary for success in the soft-serve ice cream business emphasize the importance of the above key success factors.

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Ice Cream Shop Business Plan Template & PDF Example

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  • September 4, 2024
  • Business Plan

the business plan template for an ice cream shop

Creating a comprehensive business plan is crucial for launching and running a successful ice cream shop. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your ice cream shop’s identity, navigate the competitive market, and secure funding for growth.

This article not only breaks down the critical components of an ice cream shop business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the food&beverage industry, this guide, complete with a business plan example, lays the groundwork for turning your ice cream shop concept into reality. Let’s dive in!

Our ice cream shop business plan is tailored to cover all essential aspects for a well-rounded strategy. It details the shop’s operations, marketing initiatives, market environment, competitors, leadership structure, and financial projections.

  • Executive Summary : A quick overview of your Ice Cream Shop’s idea, market potential, the team behind it, and financial strategy.
  • Ice Cream Shop & Location: Describes the shop’s design and prime location for attracting ice cream lovers.
  • Supply & Operations: Explains the supply chain, ice cream-making process, and day-to-day operations.
  • Key Stats: Presents the size and growth of the ice cream market.
  • Key Trends: Points out trends like artisanal flavors and health-conscious options.
  • Key Competitors: Identifies competitors and what makes your shop unique.
  • SWOT : Brief strengths, weaknesses, opportunities, and threats analysis.
  • Marketing Plan : Short strategies for getting and keeping customers.
  • Timeline : Major milestones from start-up to the first year’s end.
  • Management: Gives info on the team running the shop and their responsibilities.
  • Financial Plan: Forecasts finances over 5 years, covering income, expenses, and profits.

soft ice cream business plan

Ice Cream Shop Business Plan

soft ice cream business plan

Fully editable 30+ slides Powerpoint presentation business plan template.

Download an expert-built 30+ slides Powerpoint business plan template

Executive Summary

The Executive Summary introduces your ice cream shop’s business plan, providing a succinct overview of your shop and its offerings. It should describe your market positioning, the variety of ice cream flavors and related products you offer, its location, size, and a summary of daily operations. 

This section should also discuss how your ice cream shop will fit into the local community, including the number of direct competitors in the vicinity, identifying who they are, along with your shop’s unique selling points that set it apart from these competitors. 

Additionally, it should include information about the management and co-founding team, outlining their roles and contributions to the shop’s success. Furthermore, a summary of your financial projections, including revenue and profits over the next five years, should be included here to offer a comprehensive view of your ice cream shop’s financial strategy.

Ice Cream Shop Business Plan Executive Summary Example

Ice Cream Shop Business Plan executive summary1

Business Overview

The  business overview  section in your executive summary should present a succinct description of your ice cream shop. This includes its name, location, and an overview of daily operations that set the stage for its distinctive features.

A crucial aspect is your  unique selling proposition  ( USP ), which distinguishes your ice cream shop from competitors. Whether it’s your focus on artisanal production methods, offering unique seasonal flavors, or promoting sustainability, your USP is pivotal in capturing the audience’s attention and showcasing the distinctive value your business brings to the market.

Example: For instance, “Scoops & Swirls,” situated in the heart of downtown Oakwood, occupies a 1,800 sq. ft. space on Market Street. Operating from noon to 10 p.m., it offers a plethora of ice cream flavors ranging from timeless classics like creamy vanilla to inventive options like avocado-lime sorbet. The shop’s USP lies in its commitment to creating indulgent, handcrafted flavors using locally sourced, organic ingredients, appealing to health-conscious consumers seeking a guilt-free treat.

Market Overview

An in-depth understanding and portrayal of the market’s size, growth trends, and industry dynamics form the crux of the  market analysis . This segment should highlight the potential of the ice cream market, supported by relevant data such as market value and growth rates.

Discussing industry trends, such as the growing demand for unique and artisanal flavors or eco-friendly packaging, offers insight into the evolving landscape and where your ice cream shop fits within it. Additionally, identifying  key competitors  and elucidating how your shop stands out in this  competitive  environment is paramount.

Example: Within the US ice cream shop industry, boasting a substantial value of $1.9 billion in 2023, with an anticipated growth rate of +4.4% annually over the 2023-2029 period and accommodates approximately 17,000 ice cream shops, Scoops & Swirls distinguishes itself by championing locally sourced, organic ingredients. While competing with established national chains and local dessert parlors, its commitment to sustainability and artisanal craftsmanship sets it apart, catering to the environmentally conscious consumer base seeking premium, ethically sourced indulgences.

Management Team

Highlighting the background and expertise of the management team is crucial. Emphasize the key qualifications and experiences of team members, showcasing their expertise and underscoring their contributions to the shop’s success.

Example: At Scoops & Swirls, the management team, led by co-founders Anna Garcia and David Chen, leverages a combined experience of over 20 years in the food and hospitality industry. Anna brings expertise in business administration and marketing, while David’s background in culinary arts and supply chain management ensures excellence in product quality and sourcing, providing a solid foundation for the shop’s success.

Financial Plan

The financial plan overview should provide a concise summary of your financial objectives and projections, including revenue targets and profit margins, offering a clear trajectory of your ice cream shop’s financial journey.

Example: Scoops & Swirls aims for annual revenue of $700,000 and a robust 15% profit margin ( EBITDA ) by the year 2028. The financial strategy involves an  initial investment  in premium ingredients and sustainable packaging, coupled with robust  marketing initiatives  leveraging social media and community events, positioning the shop for sustained growth and profitability within the local market.

For an Ice Cream Shop, the Business Overview section can be succinctly divided into 2 main parts:

Ice Cream Shop & Location

Briefly describe the ice cream shop’s physical setting, emphasizing its design, ambiance, and the welcoming atmosphere it creates for customers. Mention the shop’s location, highlighting its accessibility and convenience for customers, such as its proximity to popular community spots or ease of parking. Explain why this location is beneficial for attracting your target clientele.

Supply & Operations

Detail the variety of ice cream flavors and related products offered, from classic favorites to unique, artisanal creations. Outline your sourcing strategy, ensuring it reflects a commitment to quality and, where possible, local sourcing.

Explain your operations, including how ice cream is stored, served, and the measures in place to maintain the highest standards of hygiene and customer satisfaction. Highlight any special offerings, seasonal flavors, or loyalty programs that provide added value to your customers, encouraging repeat visits and customer loyalty.

Business Plan_Ice Cream Shop location

Industry size & growth

In the Market Overview of your ice cream shop business plan, start by examining the size of the ice cream industry and its growth potential. This analysis is crucial for understanding the market’s breadth and identifying opportunities for expansion.

Key market trends

Proceed to discuss recent market trends , such as the increasing consumer interest in artisanal and gourmet ice cream, the demand for a wide range of flavors including exotic and locally inspired ones, and the growing popularity of health-conscious options like dairy-free and low-sugar ice creams.

For example, highlight the trend towards customization and personalization in ice cream servings, as well as the incorporation of organic and sustainable ingredients.

Competitive Landscape

A  competitive analysis  is not just a tool for gauging the position of your ice cream shop in the market and its key competitors; it’s also a fundamental component of your business plan. This analysis helps identify your ice cream shop’s unique selling points, essential for differentiating your business in a  competitive  market.

In addition, competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable information that ensures your business plan is robust, informed, and tailored to succeed in the current market environment.

Identifying Ice Cream Shop Competitors

Commence your competitive analysis by identifying the primary competitors in your area. Direct competitors include other ice cream parlors offering similar products and experiences. This encompasses local artisanal ice cream shops, national chains, and dessert establishments serving ice cream.

Don’t overlook indirect competitors, such as frozen yogurt shops or gelaterias, which may not sell traditional ice cream but cater to a similar customer base seeking frozen treats.

Utilize online resources like Google Maps, Yelp, or social media platforms to gain insights into customer reviews, ratings, and competitor locations. For instance, if “Sweet Swirls Gelato” receives praise for its exotic flavors and creamy texture consistently, this denotes a key strength to consider.

Ice Cream Shop Business Plan key competitors

Ice Cream Shop Competitors’ Strategies

Understanding the strategies adopted by your competitors involves diving deep into various dimensions of their business operations:

  • Ice Cream Offerings:  Scrutinize the range of flavors, toppings, and unique items. If “Healthy Scoops” is gaining traction with its dairy-free and low-sugar options, it signals a burgeoning market preference for healthier frozen treats.
  • Customer Experience:  Evaluate the in-store ambiance, quality of customer service, and overall experience provided. A store like “Chill Haven” might carve its niche with vibrant décor and interactive customer service, potentially attracting a specific clientele seeking such experiences.
  • Pricing Strategy :  Conduct a comparative analysis of pricing structures against competitors. Are you positioned as an economical choice akin to “Budget Cones,” or do you align with premium offerings like “Gourmet Gelato”?
  • Marketing Tactics:  Observe the marketing approaches adopted by competitors. Do they heavily rely on social media engagement, collaborate with local influencers, or organize distinctive events to entice customers?
  • Innovation and Specialization:  Consider any distinctive selling points or specialized techniques. Perhaps a store like “Retro Freeze” sets itself apart with vintage-themed presentations or emphasizes the use of locally sourced, artisanal ingredients.

What’s Your Ice Cream Shop’s Value Proposition?

Reflect deeply on what makes your ice cream shop stand out in a crowded market. This could manifest through signature flavors exclusive to your shop, a unique customization concept allowing customers to create personalized treats or an unwavering emphasis on using organic ingredients sourced directly from local farms.

Identify market gaps through customer feedback and emerging trends. For instance, the escalating demand for plant-based ice creams could present a lucrative opportunity if competitors have yet to explore or address this burgeoning segment.

Tailor strategies according to your location. An ice cream shop situated in a tourist-heavy area might emphasize novelty items and cater to diverse tastes, while one in a suburban neighborhood could concentrate on fostering family-friendly experiences and community engagement initiatives.

Ice Cream Shop Business Plan strategy

First, conduct a SWOT analysis for the ice cream shop , highlighting Strengths (such as unique flavor offerings and a prime location), Weaknesses (including seasonal fluctuations in demand or limited indoor seating), Opportunities (for example, a growing interest in artisanal and gourmet ice cream), and Threats (such as new competitors entering the market or changes in health trends that may impact ice cream consumption).

Ice Cream Shop Business Plan SWOT

Marketing Plan

Next, develop a marketing strategy that outlines how to attract and retain customers through innovative flavor launches, special promotions, an engaging online presence, and participation in local events and festivals.

Marketing Channels

Employing various  marketing channels  is crucial for increasing brand awareness and drawing customers to your ice cream shop.

Digital Marketing

Utilize online platforms:

  • Social Media Engagement:  Engage with your audience on platforms like Instagram, showcasing enticing visuals of your ice cream creations, behind-the-scenes content, and customer testimonials. Leverage Facebook for community engagement and Twitter for real-time updates and promotions.
  • Email Marketing:  Develop an email list offering exclusive discounts or insider updates. Send newsletters featuring flavor launches, special promotions, and events at your shop.
  • Website and SEO:  Maintain an informative, user-friendly website highlighting your menu, shop location, hours, and an engaging blog with ice cream recipes, fun facts, or customer stories. Optimize for local SEO to enhance visibility.

Local Advertising

Connect with the local community:

  • Local Outreach:  Distribute visually appealing flyers in high-traffic areas, collaborate with nearby businesses for cross-promotions, and sponsor community events or fundraisers.
  • Partnerships:  Forge partnerships with nearby cafes, restaurants, or event organizers to showcase your ice cream or create joint offerings.

Promotional Activities

Entice customers with compelling offers:

  • Special Deals:  Crafting compelling offers involves aligning them with seasons, festivities, or local events. For instance, during summer, launching a ‘Sunshine Sorbet Series’ might capture attention while offering ‘Back-to-School Bundles’ in autumn could attract families.
  • Loyalty Programs:  Implementing a loyalty program could involve tiered benefits for frequent patrons, special birthday treats, or exclusive early access to new flavors or seasonal launches.
  • Referral Rewards:  Incentivize customers to refer friends by offering discounts or free toppings on their next purchase.

Ice Cream Shop Business Plan marketing plan

Sales Channels

Optimizing  sales channels  helps maximize revenue while enhancing the customer experience at your ice cream shop.

In-Store Upselling

Encourage additional purchases:

  • Upselling Techniques:  Train staff to suggest toppings, add-ons, or upsized portions to enhance the customer’s order.
  • Merchandising:  Display merchandise like branded apparel, mugs, or take-home ice cream packs near the checkout counter.
  • Combo Deals:  Offer bundled deals, such as ‘Ice Cream + Beverage Combos’ or ‘Family Pack Specials’ to encourage larger purchases.

Online Sales and Ordering

Facilitate convenient ordering options:

  • Online Ordering System:  Implement an intuitive online ordering platform on your website or mobile app, offering in-store pickup or local delivery services.
  • E-Commerce:  Expanding beyond ice cream sales, your online store can become a hub for merchandise and accessories. Consider offering branded merchandise, such as ice cream-themed apparel, mugs, or even freezer-friendly storage containers. DIY ice cream kits with pre-measured ingredients and instructions can attract hobbyists eager to replicate your signature flavors at home

Membership and Subscription Programs

Foster customer loyalty:

  • Subscription Services:  Craft subscription plans catering to various customer preferences. Offer monthly or weekly ice cream deliveries, ensuring a regular supply of indulgences right to their doorstep.
  • VIP Memberships:  Establish an elite VIP club that offers unparalleled benefits to loyal patrons. Provide early access to limited edition flavors or seasonal releases, inviting them to exclusive tasting events.

Strategy Timeline

Finally, create a detailed timeline that outlines key milestones for the ice cream shop’s opening, marketing initiatives, customer base development, and potential expansion plans, ensuring the business progresses with clear goals and strategic direction.

Business Plan Gym Timeline

The Management section focuses on the ice cream shop’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the ice cream shop towards its financial and operational goals.

For your ice cream shop business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.

Ice Cream Shop Business Plan management

The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your ice cream shop’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your ice cream shop business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

Ice Cream Shop Business Plan financial plan

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Ice Cream Business

Back to All Business Ideas

How to Start Your Own Ice Cream Business

Written by: Esther Strauss

Esther is a business strategist with over 20 years of experience as an entrepreneur, executive, educator, and management advisor.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Published on April 25, 2021

How to Start Your Own Ice Cream Business

Investment range

$34,550 - $79,100

Revenue potential

$80,000 - $260,000 p.a.

Time to build

Profit potential

$30,000 - $65,000 p.a

Industry trend

Important elements to think about when starting your ice cream business:

  • Niche — Decide on the types of ice cream you will offer, such as traditional scoops, soft serve, gelato, frozen yogurt, or specialty flavors.
  • Health permits — Ensure you comply with local health department regulations and obtain the necessary health permits for food handling and production.
  • Choose a location — Select a high-traffic location with adequate space for a kitchen, serving area, seating, and storage. Ensure it is easily accessible for customers and has ample parking.
  • Ice cream equipment — Invest in high-quality equipment necessary for ice cream production , such as batch freezers, soft serve machines, dipping cabinets, and refrigerators.
  • Ingredients and supplies — Source high-quality ingredients from reputable suppliers. Offer a variety of flavors and toppings to meet customer preferences.
  • Register your business — A limited liability company (LLC) is the best legal structure for new businesses because it is fast and simple. Form your business immediately using ZenBusiness LLC formation service or hire one of the best LLC services on the market.
  • Legal business aspects — Register for taxes, open a business bank account, and get an EIN .
  • Industry associations — Join industry associations such as the National Ice Cream Retailers Association (NICRA) to network with other professionals, gain access to resources, and stay updated on industry trends.

You May Also Wonder:

Why start an ice cream business?

Starting an ice cream business is relatively simple, and it’s also a well-known frozen treat across the U.S. In fact, the average person in the U.S. eats more than  23 pounds of ice cream  in a single year. So as long as you’re selling a quality product and have enough customers, you should have a profitable business.

Do ice cream shops make money?

If you have the right location and employ effective marketing, it’s possible to make money. An ice cream shop owner,  Mr. Shipley , says that you will need to get heavily involved in your ice cream parlor, as running it remotely will increase the chances of failure.

What is the profit margin on ice cream?

The profit margin depends on your costs, such as ingredients, and the price that you sell your ice cream at. On average, though, a locally owned parlor could expect between 20% to 50% if the business is run effectively.

How profitable is an ice cream business?

The profitability of an ice cream business can vary depending on factors such as location, target market, competition, product quality, pricing, and operational efficiency. 

Can I make my own ice cream and sell it?

Yes, you can make your own ice cream and sell it. However, it’s important to comply with local regulations and obtain the necessary licenses and permits to ensure legal operation. Additionally, you should focus on developing unique flavors, using quality ingredients, and implementing proper food safety practices to create a desirable and safe product for your customers.

What is the most successful ice cream business?

Established brands like Ben & Jerry’s, Häagen-Dazs, and Baskin-Robbins have achieved significant success globally. However, success can also be found in smaller, locally focused ice cream businesses that provide unique flavors, exceptional customer experiences, or cater to specific dietary preferences or niche markets.

How can I differentiate my ice cream business from competitors in the market?

Experiment with creative and innovative flavor combinations that set your ice cream apart from others. Develop signature flavors or limited-edition offerings to generate excitement and curiosity among customers.

What is the most sold flavor of ice cream?

Traditional flavors like vanilla, chocolate, and strawberry tend to be popular worldwide. However, other popular flavors include mint chocolate chip, cookies and cream, cookie dough, and various fruit flavors. It’s important to offer a diverse range of flavors to cater to different tastes and preferences. 

ice cream business rating

Step 1: Decide if the Business Is Right for You

Before you start your ice cream business, you should look at the industry as a whole to help you identify the right opportunity. 

Pros and cons

Before moving forward with your ice cream business, let’s look at the pros and cons, so you know what to expect. 

  • Unleash your creativity by offering unique flavors
  • Profit margins are good
  • Learning ice cream making is simple
  • Build your own brand
  • Food businesses are strictly regulated
  • Need to offer a quality product to stand out
  • Seasonality affects sales

Ice cream industry trends

Consumers still scream for ice cream, but they are also becoming more health-conscious about their choices. 

A look at Google Trends reveals a clear seasonality to ice cream interest. You can see this demonstrated over the last five years.(( https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=ice%20cream%20US )) 

Industry size and growth

ice cream industry size and growth

  • Industry size and past growth – Ice cream production in the US is estimated to be worth $9 billion, after growing 2% annually over the last five years.(( https://www.ibisworld.com/industry-statistics/market-size/ice-cream-production-united-states/ )) 
  • Growth forecast – The global ice cream market is projected to grow around 5% annually through 2028(( https://www.fortunebusinessinsights.com/ice-cream-market-104847 )) while market analyst Mordor Intelligence expects the North American ice cream market to grow steadily through 2026.(( https://www.mordorintelligence.com/industry-reports/north-america-ice-cream-market ))
  • Number of businesses – There are more than 700 ice cream production companies in the US.(( https://www.ibisworld.com/industry-statistics/number-of-businesses/ice-cream-production-united-states/ ))
  • Number of people employed – The industry employs almost 22,000 people.(( https://www.ibisworld.com/industry-statistics/employment/ice-cream-production-united-states/ ))

Trends and challenges

ice cream industry Trends and Challenges

The latest trends in the ice cream industry include:

  • Health-conscious consumers prefer natural flavors, low-fat, and handcrafted ice creams made with organic local ingredients.
  • Other hot ice cream trends include savory and dairy-free products, functional benefits such as protein- or CBD-loaded ice cream, and sophisticated flavor profiles like turmeric-infused honey with candied ginger.

Some challenges faced by the industry are:

  • Tough competition
  • Keeping costs down

How much does it cost to start an ice cream business?

The investment needed for your ice cream business will depend on the type you choose, among other factors such as equipment. To open an ice cream shop, you will likely need between $40,000 and $100,000, with the average cost being $80,000. A large-scale manufacturing operation will likely need much more than this, while you could probably start a home-based online ice cream shop for as little as $15,000. 

Here’s a cost breakdown example for an artisanal ice cream shop, excluding the cost of the shop: 

Start-up CostsBallpark RangeAverage
Setting up a business name and corporation$150 - $200$175
Business licenses and permits$100 - $300$200
Insurance$100 - $300$200
Business cards and brochures$200 - $300$250
Machines and equipment$30,000 - $70,000$50,000
Supplies$3,000 - $5,000$4,000
Website$1,000 - $3,000$2,000
Total$34,550 - $79,100$56,825

How much can you earn from an ice cream business?

ice cream business earnings forecast

Artisanal ice cream costs about $10/pint in the US, more expensive than the regular ice cream.

In your first year or two, you could make artisanal ice cream from home and sell 150 pints a week, bringing in nearly $80,000 in annual revenue. This would mean over $30,000 in profit, assuming a 40% margin. As your brand gains recognition, sales could climb to 500 pints a week. At this stage, you’d rent a commercial space and hire staff, reducing your profit margin to around 25%. With annual revenue of $260,000, you’d make a tidy profit of $65,000.

On the other hand, Cold Stone Creamery franchisees average $415,000 in annual sales. That said, 42% of stores were at or above this level and the rest, of course, were below. While this is for an ice cream franchise, an ice cream manufacturing business will generate much more in gross sales and have smaller profit margins. 

What barriers to entry are there?

Now before you start dreaming about your potential $400,000+ in annual sales, there are some barriers to consider: 

  • Shelf space in a supermarket or convenience store
  • Cold climates
  • Food licensing laws
  • Local competition

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Step 2: hone your idea.

Now it’s time for the exciting part, clarifying your idea!

Market research will give you the upper hand, even if you’re already positive that you have a perfect product or service. Conducting market research is important, because it can help you understand your customers better, who your competitors are, and your business landscape.

Let’s dive into choosing your niche first. 

Why? Identify an opportunity

It’s important to become familiar with your competition. Knowing as much as you can about them will help you differentiate your company and create a more valuable product. 

Your competition will vary depending on the business model you choose. For example, an ice cream shop will only have local competition. In contrast, ice cream manufacturing will put you in a much bigger pool of competitors with names such as Ben & Jerry’s and Haagen-Dazs. 

Here are some questions to ask about your competition: 

  • What products do they offer?
  • Why do consumers buy their products? 
  • Who is their target market? 
  • What is their unique selling point?

What? Define your ice cream business focus

There are three main types of ice cream businesses: impulse ice cream, take-home ice cream, and artisanal ice cream.

  • Impulse ice cream products are single serving sizes — think of ice cream pops and ice cream sandwiches — typically sold in gas stations and convenience stores. Depending on your manufacturing capacity, you could target large chains or stick with locally owned stores. 
  • Take-home ice creams are the kind you buy in supermarkets, like Edy’s or Ben & Jerry’s. These are often sold in larger buckets and require significant manufacturing capacity. While a business can offer both impulse and take-home ice cream, in the beginning it’s best to choose a specialization. 
  • Artisanal ice cream is generally made in small batches with high-quality ingredients and uncommon flavors, such as raspberry cheesecake or salted caramel fudge. If you want to make artisanal ice cream, you will either need your own ice cream shop or a top-notch website, in order to be able to sell directly to the public. 

soft ice cream business plan

Choosing one of these is crucial for setting up your business the right way. Because if you try to do everything at once, you’ll likely burn out.

Which type appeals to you the most? Do you want to create a nationwide brand that your customers recognize in the supermarket? Or are you more inclined to open a local ice cream parlor where you can experiment with flavors and create a unique experience for your customers? 

Use these answers to determine what your next steps will be. 

How much should you charge for your ice cream?

How much you charge will depend on the ingredients you use, operating costs, location, and your target customer. For example, artisanal ice cream maker Salt & Straw charges around $5 for a single scoop and $10 for a pint. On the other hand, franchises like Baskin-Robbins charge around $5 for a pint. 

To find the right prices, you’ll need to estimate your cost of goods sold and add on a healthy profit margin to make your time worth it. Then, compare these prices to your competition to see if they’re viable. 

Once you know your costs, you can use this Step By Step profit margin calculator to determine your mark-up and final price points. Remember, the prices you use at launch should be subject to change if warranted by the market.

Who? Identify your target market

Next, you’ll need to define your target market based on who your best customers could be.

Here are some questions you should ask yourself: 

  • How old are my ideal customers?
  • How much money do they earn? 
  • Who do I want to resonate with my brand?
  • Which customers will benefit from my product?

Once you have your answers, you’ll be able to narrow down your ideal customer and tailor your brand toward them.

Where? Choose your business premises

If you want to get into ice cream manufacturing, location is not terribly important. As long as you have access to quality ingredients, reliable transport and ample space, you’ll be good to go. 

On the other hand, if you want to open an ice cream shop, then location is crucial. You’ll want a location with lots of foot traffic or traffic with higher conversions, such as by the beach. 

If your area has cold winters, then you could find a location that matches that seasonality, like near a park. In summer and spring, you’ll likely have a lot of foot traffic, and when the traffic slows down in winter, you may be able to negotiate lower rents with the lessor.

You can find commercial space to rent in your area on sites such as Craigslist , Crexi , and Instant Offices .

When choosing a commercial space, you may want to follow these rules of thumb:

  • Central location accessible via public transport
  • Ventilated and spacious, with good natural light
  • Flexible lease that can be extended as your business grows
  • Ready-to-use space with no major renovations or repairs needed

Step 3: Brainstorm an Ice Cream Shop Name

Here are some ideas for brainstorming your business name:

  • Short, unique, and catchy names tend to stand out
  • Names that are easy to say and spell tend to do better 
  • Name should be relevant to your product or service offerings
  • Ask around — family, friends, colleagues, social media — for suggestions
  • Including keywords, such as “ice cream” or “dessert”, boosts SEO
  • Name should allow for expansion, for ex: “Sweet Scoops Ice Cream” over “Vegan Scoops” or “Sugar-Free Ice Cream Treats”
  • A location-based name can help establish a strong connection with your local community and help with the SEO but might hinder future expansion

Once you’ve got a list of potential names, visit the website of the US Patent and Trademark Office to make sure they are available for registration and check the availability of related domain names using our Domain Name Search tool. Using “.com” or “.org” sharply increases credibility, so it’s best to focus on these. 

Find a Domain

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Finally, make your choice among the names that pass this screening and go ahead with domain registration and social media account creation. Your business name is one of the key differentiators that set your business apart. Once you pick your company name, and start with the branding, it is hard to change the business name. Therefore, it’s important to carefully consider your choice before you start a business entity.

Step 4: Create an Ice Cream Shop Business Plan

Here are the key components of a business plan:

what to include in a business plan

  • Executive Summary: Present an overview of your ice cream business, highlighting its dedication to offering a variety of high-quality, unique ice cream flavors and desserts in a welcoming environment.
  • Business Overview: Describe your business’s focus on producing and selling ice cream, including classic flavors, seasonal specialties, and innovative dessert options.
  • Product and Services: Detail the range of products offered, such as hand-scooped ice cream, sundaes, milkshakes, and vegan or allergy-friendly options.
  • Market Analysis: Assess the demand for ice cream products, considering factors like local demographics, seasonal trends, and consumer preferences in desserts.
  • Competitive Analysis: Compare your ice cream offerings and store experience to other local dessert shops or ice cream parlors, focusing on your unique flavors or customer service.
  • Sales and Marketing: Outline your strategy for attracting customers, using tactics like social media marketing, local events participation, or loyalty programs.
  • Management Team: Highlight the experience and qualifications of your team, particularly in areas like food production, retail management, and customer service.
  • Operations Plan: Describe the operational aspects of your ice cream business, including production, inventory management, and storefront operations.
  • Financial Plan: Provide an overview of financial aspects, covering startup costs, pricing strategy, and expected revenue.
  • Appendix: Include supplementary documents such as flavor menus, supplier agreements, or detailed market research to support your business plan.

If you’ve never created a business plan, it can be an intimidating task. You might consider hiring a business plan specialist to create a top-notch business plan for you.

Step 5: Register Your Business

Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.

Plus, registration is exciting because it makes the entire process official. Once it’s complete, you’ll have your own business! 

Choose where to register your company

Your business location is important because it can affect taxes, legal requirements, and revenue. Most people will register their business in the state where they live, but if you are planning to expand, you might consider looking elsewhere, as some states could offer real advantages when it comes to ice cream. 

If you’re willing to move, you could really maximize your business! Keep in mind, it’s relatively easy to transfer your business to another state.

Choose your business structure

Business entities come in several varieties, each with its pros and cons. The legal structure you choose for your ice cream business will shape your taxes, personal liability, and business registration requirements, so choose wisely. 

Here are the main options:

types of business structures

  • Sole Proprietorship – The most common structure for small businesses makes no legal distinction between company and owner. All income goes to the owner, who’s also liable for any debts, losses, or liabilities incurred by the business. The owner pays taxes on business income on his or her personal tax return.
  • General Partnership – Similar to a sole proprietorship, but for two or more people. Again, owners keep the profits and are liable for losses. The partners pay taxes on their share of business income on their personal tax returns.
  • Limited Liability Company (LLC) – Combines the characteristics of corporations with those of sole proprietorships or partnerships. Again, the owners are not personally liable for debts.
  • C Corp – Under this structure, the business is a distinct legal entity and the owner or owners are not personally liable for its debts. Owners take profits through shareholder dividends, rather than directly. The corporation pays taxes, and owners pay taxes on their dividends, which is sometimes referred to as double taxation.
  • S Corp – An S-Corporation refers to the tax classification of the business but is not a business entity. An S-Corp can be either a corporation or an LLC , which just needs to elect to be an S-Corp for tax status. In an S-Corp, income is passed through directly to shareholders, who pay taxes on their share of business income on their personal tax returns.

We recommend that new business owners choose LLC as it offers liability protection and pass-through taxation while being simpler to form than a corporation. You can form an LLC in as little as five minutes using an online LLC formation service. They will check that your business name is available before filing, submit your articles of organization , and answer any questions you might have. 

Form Your LLC

Choose Your State

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soft ice cream business plan

Step 6: Register for Taxes

The final step before you’re able to pay taxes is getting an Employer Identification Number , or EIN. You can file for your EIN online or by mail or fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN. 

Once you have your EIN, you’ll need to choose your tax year. Financially speaking, your business will operate in a calendar year (January–December) or a fiscal year, a 12-month period that can start in any month. This will determine your tax cycle, while your business structure will determine which taxes you’ll pay.

soft ice cream business plan

The IRS website also offers a tax-payers checklist , and taxes can be filed online.

It is important to consult an accountant or other professional to help you with your taxes to ensure you are completing them correctly.

Step 7: Fund your Business

Securing financing is your next step and there are plenty of ways to raise capital:

types of business funding

  • Bank loans : This is the most common method, but getting approved requires a rock-solid business plan and strong credit history.
  • SBA-guaranteed loans : The Small Business Administration can act as guarantor, helping gain that elusive bank approval via an SBA-guaranteed loan .
  • Government grants : A handful of financial assistance programs help fund entrepreneurs. Visit Grants.gov to learn which might work for you.
  • Venture capital : Offer potential investors an ownership stake in exchange for funds, keeping in mind that you would be sacrificing some control over your business.
  • Crowdfunding : Websites like Kickstarter and Indiegogo offer an increasingly popular low-risk option, in which donors fund your vision. Entrepreneurial crowdfunding sites like Fundable and WeFunder enable multiple investors to fund your business.
  • Personal : Self-fund your business via your savings, the sale of property or other assets, and support from family and friends.

Bank and SBA loans are probably the best options, other than friends and family, for funding an ice cream business. You might also try crowdfunding if you have an innovative concept.

Step 8: Apply for Ice Cream Shop Licenses and Permits

Starting an ice cream business requires obtaining a number of licenses and permits from local, state, and federal governments.

Federal regulations, licenses, and permits associated with starting your business include doing business as (DBA), health licenses and permits from the Occupational Safety and Health Administration ( OSHA ), trademarks, copyrights, patents, and other intellectual properties, as well as industry-specific licenses and permits. 

You may also need state-level and local county or city-based licenses and permits. The license requirements and how to obtain them vary, so check the websites of your state, city, and county governments or contact the appropriate person to learn more. 

You could also check this SBA guide for your state’s requirements, but we recommend using MyCorporation’s Business License Compliance Package . They will research the exact forms you need for your business and state and provide them to ensure you’re fully compliant.

This is not a step to be taken lightly, as failing to comply with legal requirements can result in hefty penalties.

If you feel overwhelmed by this step or don’t know how to begin, it might be a good idea to hire a professional to help you check all the legal boxes.

Step 9: Open a Business Bank Account

Before you start making money, you’ll need a place to keep it, and that requires opening a bank account .

Keeping your business finances separate from your personal account makes it easy to file taxes and track your company’s income, so it’s worth doing even if you’re running your ice cream business as a sole proprietorship. Opening a business bank account is quite simple, and similar to opening a personal one. Most major banks offer accounts tailored for businesses — just inquire at your preferred bank to learn about their rates and features.

Banks vary in terms of offerings, so it’s a good idea to examine your options and select the best plan for you. Once you choose your bank, bring in your EIN (or Social Security Number if you decide on a sole proprietorship), articles of incorporation, and other legal documents and open your new account. 

Step 10: Get Business Insurance

Business insurance is an area that often gets overlooked yet it can be vital to your success as an entrepreneur. Insurance protects you from unexpected events that can have a devastating impact on your business.

Here are some types of insurance to consider:

types of business insurance

  • General liability : The most comprehensive type of insurance, acting as a catch-all for many business elements that require coverage. If you get just one kind of insurance, this is it. It even protects against bodily injury and property damage.
  • Business Property : Provides coverage for your equipment and supplies.
  • Equipment Breakdown Insurance : Covers the cost of replacing or repairing equipment that has broken due to mechanical issues.
  • Worker’s compensation : Provides compensation to employees injured on the job.
  • Property : Covers your physical space, whether it is a cart, storefront, or office.
  • Commercial auto : Protection for your company-owned vehicle.
  • Professional liability : Protects against claims from a client who says they suffered a loss due to an error or omission in your work.
  • Business owner’s policy (BOP) : This is an insurance plan that acts as an all-in-one insurance policy, a combination of any of the above insurance types.

Step 11: Prepare to Launch

As opening day nears, prepare for launch by reviewing and improving some key elements of your business. 

Essential software and tools

Being an entrepreneur often means wearing many hats, from marketing to sales to accounting, which can be overwhelming. Fortunately, many websites and digital tools are available to help simplify many business tasks.  

You may want to use industry-specific software, such as Nextar POS , Kyte , or Gofrugal to manage flavor batches, track staff performance, generate sales reports, and simplify point-of-sale operations.

  • Popular web-based accounting programs for smaller businesses include Quickbooks , Freshbooks , and Xero . 
  • If you’re unfamiliar with basic accounting, you may want to hire a professional, especially as you begin. The consequences for filing incorrect tax documents can be harsh, so accuracy is crucial.

Develop your website

Website development is crucial because your site is your online presence and needs to convince prospective clients of your expertise and professionalism.

You can create your own website using services like WordPress, Wix, or Squarespace . This route is very affordable, but figuring out how to build a website can be time-consuming. If you lack tech-savvy, you can hire a web designer or developer to create a custom website for your business.

Your customers are unlikely to find your website, however, unless you follow Search Engine Optimization ( SEO ) practices. These are steps that help pages rank higher in the results of top search engines like Google.

Here are some powerful marketing strategies for your future business:

  • Irresistible Samples: Offer free tastings to passersby or partner with local events to let people experience the deliciousness firsthand.
  • Themed Promotions: Create special promotions tied to seasons, holidays, or local events to keep your offerings fresh and attract diverse customer bases.
  • Loyalty Programs: Implement a loyalty program with rewards like discounts or free toppings to encourage repeat business and build a loyal customer base.
  • Social Media Challenges: Engage customers through fun challenges on social media, encouraging them to share creative photos with your ice cream and use a branded hashtag.
  • Collaborate with Influencers: Partner with local influencers or bloggers who align with your brand to reach a broader audience and leverage their followers.
  • Themed Nights or Events: Host themed nights at your ice cream parlor, like movie nights or live music events, to create a unique and memorable experience for customers.
  • Community Partnerships: Build relationships with local businesses for cross-promotions, such as offering discounts to customers who show receipts from nearby establishments.
  • Seasonal Flavors: Introduce limited-time seasonal flavors to create a sense of urgency and anticipation among customers, driving them to visit regularly.
  • Mobile Ice Cream Cart: Take your ice cream to the streets with a mobile cart, attending local fairs, farmers’ markets, and community events to expand your reach.
  • Engaging Packaging: Invest in eye-catching and eco-friendly packaging that not only protects your product but also serves as a mobile billboard for your brand.

Focus on USPs

unique selling proposition

Unique selling propositions, or USPs, are the characteristics of a product or service that set it apart from the competition. Customers today are inundated with buying options, so you’ll have a real advantage if they are able to quickly grasp how your ice cream business meets their needs or wishes. It’s wise to do all you can to ensure your USPs stand out on your website and in your marketing and promotional materials, stimulating buyer desire. 

Global pizza chain Domino’s is renowned for its USP: “Hot pizza in 30 minutes or less, guaranteed.” Signature USPs for your ice cream business could be:

  • Premium subscription, so customers never miss their favorite flavors
  • Offer unique flavors found nowhere else 
  • Promote your products/shop with a mobile ice cream truck or cart
  • Partner with local farms, dairies 

You may not like to network or use personal connections for business gain. But your personal and professional networks likely offer considerable untapped business potential. Maybe that Facebook friend you met in college is now running an ice cream parlor, or a LinkedIn contact of yours is connected to dozens of potential clients. Maybe your cousin or neighbor has been working in ice cream for years and can offer invaluable insight and industry connections. 

The possibilities are endless, so it’s a good idea to review your personal and professional networks and reach out to those with possible links to or interest in ice cream. You’ll probably generate new customers or find companies with which you could establish a partnership. Online businesses might also consider affiliate marketing as a way to build relationships with potential partners and boost business.

Step 12: Build Your Team

If you’re starting out small from home, you may not need any employees. But as your business grows, you will likely need workers to fill various roles. Potential positions for an ice cream business would include:

  • Scoopers/Workers
  • General Manager
  • Marketing Lead

At some point, you may need to hire all of these positions or simply a few, depending on the size and needs of your business. You might also hire multiple workers for a single role or a single worker for multiple roles, again depending on need. 

Free-of-charge methods to recruit employees include posting ads on popular platforms such as LinkedIn, Facebook, or Jobs.com. You might also consider a premium recruitment option, such as advertising on Indeed , Glassdoor , or ZipRecruiter . Further, if you have the resources, you could consider hiring a recruitment agency to help you find talent. 

Step 13: Run an Ice Cream Shop – Start Making Money!

Now that you know how to start an ice cream business, you’re ready to take the first step in your entrepreneurial journey. Keep in mind that you’ll be able to attract customers and build your brand fast if you can offer enticing new flavors or adventurous combinations of existing flavors. Having a unique concept for your ice cream shop can also do the trick. 

Ice cream production is a $9 billion market in the US. You can still get in on the action and capture a share of this lucrative market. So, get ready to roll and start scooping! 

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  • Decide if the Business Is Right for You
  • Hone Your Idea
  • Brainstorm an Ice Cream Shop Name
  • Create an Ice Cream Shop Business Plan
  • Register Your Business
  • Register for Taxes
  • Fund your Business
  • Apply for Ice Cream Shop Licenses and Permits
  • Open a Business Bank Account
  • Get Business Insurance
  • Prepare to Launch
  • Build Your Team
  • Run an Ice Cream Shop - Start Making Money!

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How to Start a Soft Serve Ice Cream Business: A Complete Guide

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How to Start a Soft Serve Ice Cream Business: A Complete Guide

Exploring the Soft Serve Ice Cream Business Opportunity

Soft serve ice cream presents a lucrative business opportunity for aspiring entrepreneurs looking to venture into the frozen dessert industry. But why should one consider soft serve ice cream over other frozen dessert concepts? Let's delve into the reasons behind its appeal and potential for success.

Why Soft Serve Ice Cream?

The popularity and demand.

Soft serve ice cream has garnered widespread popularity due to its smooth, creamy texture and delightful taste. Its allure extends beyond age barriers, attracting both children and adults alike. The demand for this delectable treat remains consistently high, especially during warmer months when people seek refreshing indulgences.

Profit Margins and Business Viability

When considering a business venture, it's crucial to assess the potential for profitability. Soft serve ice cream boasts impressive profit margins, making it a financially viable option for entrepreneurs. With relatively low overhead costs and high-profit potential, a successful soft serve ice cream business can significantly contribute to the bottom line.

Understanding the Market

Researching your local area.

Before diving into the world of soft serve ice cream entrepreneurship, conducting thorough research of your local area is imperative. Understanding the existing competition, consumer preferences, and foot traffic patterns will provide valuable insights that can shape your business strategy.

Identifying Your Target Audience

Identifying your target audience is essential for tailoring your offerings to meet their preferences. Whether it's families seeking affordable treats or young adults craving trendy ice cream concepts , understanding your customer base will guide your product development and marketing efforts.

Planning Your Soft Serve Ice Cream Venture

After understanding the appeal and potential of soft serve ice cream as a business opportunity , the next crucial step is to plan your venture effectively. This involves making strategic decisions about your product offerings and conducting thorough financial planning to ensure a solid start for your business.

Deciding on Your Product Offerings

When it comes to deciding on your product offerings, you'll need to consider whether you want to focus on classic flavors or innovative creations. While classic flavors like vanilla, chocolate, and strawberry have timeless appeal, offering innovative creations can set your soft serve ice cream business apart from competitors. Consider introducing unique flavors and toppings that cater to evolving consumer preferences.

In addition to your core soft serve offerings, you may also want to consider adding complementary menu items such as milkshakes, sundaes, and ice cream floats. These additional items can enhance the overall customer experience and provide opportunities for upselling, thereby increasing your revenue streams.

Crunching the Numbers: Start-Up Costs and Financial Planning

Before embarking on your entrepreneurial journey, it's essential to crunch the numbers and gain a comprehensive understanding of the start-up costs involved in launching a soft serve ice cream business.

Equipment and Supplies

Investing in high-quality ice cream equipment is paramount for delivering a superior product. From soft serve machines to storage freezers and serving utensils, ensuring that you have all the necessary equipment is crucial for operational efficiency. Additionally, sourcing top-notch ingredients and supplies is essential for maintaining the quality of your products.

Location and Rent

Securing an optimal location for your soft serve ice cream business is pivotal for attracting customers. High-traffic areas such as shopping centers, parks, or beachfronts can offer excellent visibility and foot traffic. However, it's important to weigh this against rental costs to ensure that it aligns with your budgetary constraints.

Conducting meticulous financial planning will enable you to anticipate initial expenses such as lease deposits, utility setup fees, insurance premiums, and marketing collateral. By having a clear understanding of these costs upfront, you can develop a robust ice cream business plan that sets you up for success.

Setting Up Your Soft Serve Ice Cream Business

Now that you've grasped the enticing business opportunity presented by soft serve ice cream , it's time to delve into the crucial aspects of setting up your venture. From choosing the right equipment to securing the perfect location, each step plays a pivotal role in laying a strong foundation for your soft serve ice cream business.

Choosing the Right Equipment

New vs. used equipment.

When embarking on your soft serve ice cream journey, one of the primary decisions revolves around acquiring equipment. You'll need to weigh the pros and cons of investing in new versus used equipment. While new equipment offers reliability and the latest technological features, opting for used equipment can significantly reduce initial capital outlay. Conduct thorough research and consider factors such as warranty coverage, maintenance costs, and overall condition before making this critical decision.

Essential Equipment List

To operate a successful soft serve ice cream business, certain essential equipment is non-negotiable. This includes high-quality soft serve machines capable of consistently delivering smooth and creamy textures that define this beloved treat. Additionally, storage freezers are essential for preserving ingredients and finished products at optimal temperatures. Don't forget about serving utensils, cleaning supplies, and display cases to ensure seamless operations and impeccable presentation.

Selecting the Perfect Location

High traffic areas vs. hidden gems.

The location of your soft serve ice cream establishment can make or break its success. High-traffic areas such as bustling shopping centers or popular tourist destinations offer excellent visibility and a steady stream of potential customers. However, hidden gems in niche neighborhoods can also hold immense potential by catering to local residents seeking unique culinary experiences. Carefully evaluate foot traffic, nearby attractions, and demographic profiles to identify a location that aligns with your target market.

Lease Negotiations and Terms

Securing an ideal location involves navigating lease negotiations and terms effectively. Whether you opt for a standalone storefront or a space within a larger establishment, understanding lease agreements is paramount. Pay close attention to details such as rental rates, lease duration, renewal options, and any additional fees or expenses involved. Engaging legal counsel or real estate professionals can provide valuable insights during this process to ensure favorable terms that support your long-term business goals.

Marketing Your Soft Serve Ice Cream to the Masses

Crafting a compelling brand identity is pivotal in establishing a distinct presence for your soft serve ice cream business. From the logo and theme to the store design, every element contributes to shaping the perception of your brand in the eyes of your customers.

Crafting Your Brand Identity

Logo, theme, and store design.

When creating your brand's visual identity, the logo serves as a focal point that embodies your business's essence. A memorable and visually appealing logo can leave a lasting impression on customers and foster brand recognition. The theme of your establishment should align with your brand story, evoking emotions and resonating with your target audience. Furthermore, the store design plays a crucial role in creating an inviting ambiance that complements the overall customer experience.

The Importance of a Strong Online Presence

In today's digital age, establishing a robust online presence is imperative for reaching a broader audience and staying connected with existing customers. A well-crafted website showcasing your offerings, store locations, and engaging content can serve as a virtual storefront that entices potential patrons. Additionally, leveraging social media platforms to share captivating visuals, customer testimonials, and promotional offers can further amplify your brand's visibility and engagement.

Effective Marketing Strategies

Social media and local advertising.

Harnessing the power of social media platforms enables you to connect with consumers on a more personal level while showcasing the unique aspects of your soft serve ice cream offerings. Engage with your audience by sharing behind-the-scenes glimpses, interactive polls, and user-generated content to foster a sense of community around your brand. Moreover, targeted local advertising through online channels or traditional mediums such as local publications or radio can effectively reach potential customers within your vicinity.

Community Engagement and Events

Engaging with the local community not only fosters goodwill but also presents opportunities for increased brand exposure. Consider partnering with local events or organizations to sponsor or host activities that align with your brand values. Hosting themed events at your establishment such as flavor launch parties or family-friendly gatherings can create memorable experiences for patrons while reinforcing their connection to your soft serve ice cream business.

Wrapping Up

Final thoughts on the soft serve ice cream blog.

As we conclude this comprehensive guide to starting a soft serve ice cream business, it's essential to recap the key steps involved in embarking on this sweet entrepreneurial journey. From exploring the enticing business opportunity presented by soft serve ice cream to planning your product offerings, crunching the numbers for start-up costs, setting up your business, and crafting effective marketing strategies, each step plays a pivotal role in laying a strong foundation for success.

Recap of Key Steps

Exploring the Lucrative Business Opportunity: Delving into the reasons behind the appeal and potential success of soft serve ice cream as a business venture.

Planning Your Product Offerings: Deciding on classic flavors or innovative creations and considering additional menu items to enhance customer experience.

Crunching the Numbers: Gaining a comprehensive understanding of start-up costs, including equipment and supplies, location considerations, and financial planning.

Setting Up Your Business: Choosing the right equipment, selecting the perfect location, and navigating lease negotiations effectively.

Marketing Your Brand: Crafting a compelling brand identity and implementing effective marketing strategies to reach your target audience.

As you reflect on these key steps, I encourage you to consider pursuing this sweet business opportunity with confidence. The world of soft serve ice cream presents a delightful canvas for creativity, innovation, and connecting with customers through indulgent experiences. Whether you're drawn to classic flavors or eager to explore inventive ice cream concepts , there's ample room in this thriving industry for passionate entrepreneurs like yourself.

Embrace the journey ahead with enthusiasm and dedication, knowing that each scoop of creamy goodness served from your establishment has the potential to bring joy to customers young and old. With careful planning, unwavering commitment to quality, and an unwavering focus on customer satisfaction, your soft serve ice cream business can become a beloved destination for frozen delights in your community.

Here's to scooping up success in the world of soft serve!

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Choosing the Ideal Soft Serve Ice Cream Machine

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Improve Your Business with a Soft Serve Ice Cream Machine

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Ice Cream Shop Business Plan Template

Written by Dave Lavinsky

Ice Cream Shop Business Plan

Ice Cream Shop Business Plan

Over the past 20+ years, we have helped over 10,000 entrepreneurs and business owners create business plans to start and grow their ice cream shop businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through an ice cream shop business plan template step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is an Ice Cream Shop Business Plan?

A business plan provides a snapshot of your ice cream shop business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for an Ice Cream Shop

If you’re looking to start an ice cream shop business, or grow your existing ice cream shop business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your ice cream shop business in order to improve your chances of success. Your ice cream shop business plan is a living document that should be updated annually as your company grows and changes.

Funding Sources for Ice Cream Shop Businesses

With regards to funding, the main sources of funding for an ice cream shop business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business.

The second most common form of funding for an ice cream shop business is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan.

Finish Your Business Plan Today!

If you want to start an ice cream shop business or expand your current one, you need a business plan. Below are links to each section of your ice cream shop business plan template:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of ice cream shop business you are operating and the status. For example, are you a startup, do you have an ice cream shop business that you would like to grow, or are you operating a chain of ice cream shop businesses?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the ice cream shop industry. Discuss the type of ice cream shop business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of ice cream shop business you are operating.

For example, you might operate one of the following types of ice cream shop businesses:

  • Self serve ice cream shop : this type of ice cream shop business allows customers to fill their own containers with desired ice cream flavors and toppings.
  • Ice cream truck: ice cream trucks are a convenient way to reach more customers in different areas.
  • Gourmet ice cream shop: this type of ice cream shop caters to customers seeking gourmet flavors and a high-quality experience.

In addition to explaining the type of ice cream shop business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include the number of customers served, number of positive reviews, amount of monthly revenue etc.
  • Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the ice cream shop.

While this may seem unnecessary, it serves multiple purposes.

First, researching the ice cream shop industry educates you. It helps you understand the market in which you are operating. 

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your ice cream shop business plan:

  • How big is the ice cream shop industry (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential market for your ice cream shop business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your ice cream shop business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: children, parents, teenagers, and restaurateurs.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of ice cream shop you operate. Clearly, parents would want different service options and would respond to different marketing promotions than teenagers, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most ice cream shops primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other ice cream shops. 

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes grocery shops, convenience stores, and ice cream vending machines or kiosks. You need to mention such competition to show you understand that not everyone who wants ice cream will go to an ice cream shop.

With regards to direct competition, you want to describe the other ice cream shop businesses with which you compete. Most likely, your direct competitors will be ice cream shops located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

  • What types of customers do they serve?
  • What types of flavors do they offer?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide more ice cream flavors?
  • Will you provide services that your competitors don’t offer?
  • Will you provide better customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a ice cream shop business plan, your marketing plan should include the following:

Product : In the product section, you should reiterate the type of ice cream shop that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to ice cream, will you provide comfortable seating, table service, or on-site entertainment?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your ice cream shop. Document your location and mention how the location will impact your success. For example, is your ice cream shop located in a busy retail district, shopping plaza, mall, etc. Discuss how your location might provide a steady stream of customers. 

Promotions : The final part of your ice cream shop marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

  • Advertising in local papers and magazines
  • Reaching out to local websites 
  • Social media marketing
  • Local radio advertising

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your ice cream shop, including making ice cream, serving customers, and maintaining equipment.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to serve your 1000th customer, or when you hope to reach $X in revenue. It could also be when you expect to open a new ice cream shop location or launch an ice cream shop franchise.  

Management Team

To demonstrate your ice cream shop business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company. 

Ideally you and/or your team members have direct experience in managing ice cream shop businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing ice cream shops or successfully running small businesses.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 500 customers per month or 1,000? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your ice cream shop, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt. For example, let’s say a local restaurant owner approached you with a $25,000 contract to provide ice cream for their restaurant. Let’s further assume the contract would cost you $25,000 to fulfill in terms of increased staffing costs and supplies. Well, in most cases, you would have to pay that $25,000 now for employee salaries, equipment, etc. But let’s say the company didn’t pay you for 180 days. During that 180-day period, you could run out of money.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a ice cream shop business:

  • Location build-out including design fees, construction, etc.
  • Cost of equipment like dipping cabinets, walk-in refrigerators, and blenders
  • Payroll or salaries paid to staff
  • Business insurance
  • Taxes and permits
  • Legal expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your location lease or a blueprint of your shop.   Summary Putting together a business plan for your ice cream shop is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the ice cream shop industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful ice cream shop.

Ice Cream Shop Business Plan FAQs

What is the easiest way to complete my ice cream shop business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Ice Cream Shop Business Plan.

Where Can I Download an Ice Cream Business Plan PDF?

You can download our ice cream business plan PDF here.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of ice cream shop you are operating and the status; for example, are you a startup, do you have an ice cream shop that you would like to grow, or are you operating a chain of ice cream shops?

  OR, Let Us Develop Your Plan For You Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.

Click here to see how Growthink’s professional business plan consulting services can create your business plan for you.  

Other Helpful Business Plan Articles & Templates

Business Plan Template & Guide For Small Businesses

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Ice Cream Shop Business Plan

Executive summary image

Ever dreamed of owning an ice cream shop?

If yes, you’ve stumbled upon the coolest business idea. It’s time to elevate your entrepreneurial journey from sugary dreams to scoopable reality!

But before you start, there’s an important step to sweet success: drafting your business plan. Also, it requires careful planning, a keen idea about your market size, and sprinkles of creativity.

Not to worry; we’re here to help you with our ice cream shop business plan ! It is a strategic roadmap guiding you toward the vibrant, bustling ice cream parlor that you’ve always imagined.

In this guide, you can explore the essential elements you need to know for a well-crafted business plan that’s bringing your very own ice cream shop to life.

So, lace up your apron, and let’s delve into the art of crafting your ice cream shop business plan.

Key Takeaways

  • Create an interesting executive summary that highlights your goals, marketing plan, and team expertise to draw potential investors.
  • Conduct thorough market research and competitive analysis to better understand industry trends and customer needs.
  • Mention your ice cream shop business descriptions to advertise your business and reach a wider audience.
  • Build a strong online presence and an effective marketing plan to attract more customers.
  • Keep a realistic and strategic financial plan to assess startup costs and secure funding resources for an ice cream business.
  • Develop a delightful sample menu that represents unique ice cream offerings and encourages customers to explore different flavors.
  • Use SWOT analysis tools to evaluate your strengths, weaknesses, opportunities, and threats for informed decision-making.

Ice Cream Industry Outlook

Before diving right into the guide to ice cream business plan, let’s go through some ice cream industry statistics and trends:

  • The ice cream market revenue amounts to $19.13 billion in 2023, and the market is projected to rise annually by 3.64% (CAGR 2023-2028).
  • The U.S. ice cream makers churned out 1.38 billion gallons of ice cream in 2022. The average American consumes roughly 20 pounds of ice cream or about 4 gallons, each year.
  • For the ice cream market, volume is estimated to be 4.16 billion kg by 2028. It is expected to show a volume growth of 1.1% in 2024.
  • The North American ice cream market size is projected at $22.63 billion in 2023; and is estimated to reach $26.52 billion by 2029, growing at a CAGR of 2.68% during the forecast period (2023-2029).
  • The global ice cream market will reach $104.96 billion in 2029, up from $71.52 billion in 2021 due to the increasing cravings for ice cream.
  • Chocolate, Cookies & cream, Vanilla, Strawberry, Buttered Pecan, and Chocolate Chip are the top ice cream flavors in the U.S.
  • Non-dairy ice creams, plant-based ingredients, and low-calorie or no-sugar ice creams have gained popularity among health-conscious consumers compared to regular ice creams.

Key Components of an Ice Cream Business Plan

  • Executive Summary
  • Business Overview
  • Market and Competitor Analysis
  • Ice cream Menu
  • Marketing Strategy
  • Management Team
  • Operational Plan
  • Financial Plan

1. Executive Summary

An executive summary is a quick overview of your entire business plan. It should be clear, concise, and compelling as it attracts investors to delve further into your plan.

Start your summary with a brief description of your ice cream shop concept including the name, location, and type of ice cream shop you are running.

After that, try to outline a few important topics, from objectives and core values to a coherent vision for your brand, that will be explored in greater detail within the plan.

Clearly state your business’s unique selling proposition(USP), market opportunity, and target customers. Don’t forget to mention all the key members and financial projections of your ice cream parlor.

You can also add a 3-year profit forecast to emphasize the potential for profitability.

Lastly, conclude this section with an effective call to action for inviting potential investors or readers if they are curious about your ice cream shop.

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2. Business Overview

The business overview section compliments the executive summary and provides a quick look at your ice cream shop. Draft specific details about your business here.

First, introduce the ice cream shop’s business model, including ownership, legal structure(S-Corp, LLC or a sole proprietorship), and shop location.

Also, mention what type of business you are operating; for instance, it will be one of the below types of ice cream shop businesses:

  • Self-service ice cream shop: Allows customers to fill their own containers with desired ice cream flavors and toppings.
  • Ice cream truck: An easy way to reach more customers in different areas.
  • Gourmet ice cream shop: Caters to customers seeking premium frozen desserts and high-quality experience.
  • Franchise ice cream shop: Operates under the esteemed brand and follows the meticulous operational standards set by the franchisor.

Don’t forget to add a mission statement in this section, as it is a brief of your ice cream shop’s guiding principles. Here is an example of the mission statement for an ice cream store using Upmetrics:

mission statement for an ice cream store

Next, discuss a little bit more about your business background and how your ice cream shop works. Try to give answers for when you start your business and what are the long-term goals of your brand.

In addition, highlight any milestones you have accomplished, such as the number of customers served, positive reviews, new ice cream parlor openings, etc.

3. Market and Competitor Analysis

Launching an ice cream shop business demands a strategic roadmap and an ice cream shop industry analysis. So, take some time to go further and perform careful market research in your area.

Start this section by presenting a quick summary of the ice cream shop industry and define the local market size (in dollars), historical background, and growth potential.

With proper market research and industry analysis, you can assess that the market for ice cream shops is bustling with competition, going from self-serve frozen yogurt zones to dreamy ice cream parlors.

So, identify your target market demographics, including age, gender, income level, and preferences. Want help creating a buyer persona for your ice cream shop business?

Employ Upmetrics’ AI-powered Assistance now and write brief sections of your business plans. Follow the given prompt or revise it to make a bunch of buyer persona profiles for your target customers:

Explore the current landscape and assess key players to understand their strengths and weaknesses. Perform a thorough ice cream industry analysis to recognize direct and indirect competitors.

Direct competitors can be other ice cream shops, while frozen yogurt shops or dessert cafes can be indirect competitors.

Monitor their product offerings, pricing plan, and customer engagement approach. So, you need a strong, memorable, and coherent ice cream brand that addresses gaps in the market.

Conduct a SWOT analysis to find internal strengths & weaknesses of your ice cream shop and external opportunities & threats in the ice cream market. Based on that, outline unique selling points and competitive edge.

SWOT analysis for an ice cream shop business

Not only that, you can also explain local government regulatory rules and emerging market trends that might impact the ice cream shop industry.

4. Ice cream Menu

Designing a sample ice cream menu is the most important asset for writing an ice cream shop business plan. It is a productive step in presenting your business plan to potential clients and investors.

Summarize the uniqueness of your offerings that set your brand apart from other ice cream shops. Start by listing all the flavors of ice creams, toppings, and specialty items your shop will offer. That might be:

  • Classic flavors(Vanilla, Chocolate, Strawberry, Cookies and Cream, Butter Pecan, etc.)
  • Signature flavors (Hazelnut Delight, Caramel Sensation, Cheesecake Bliss, Espresso Crunch, etc.)
  • Seasonal Specials(Pumpkin Spice Delight, Apple Cinnamon Harvest, Lemonade Fizz Fling, etc.)
  • Creative Cones(Bubblegum Burst Cone, Cinnamon Sugar Twist Cone)
  • Ice cream floats
  • frozen yogurt selections
  • Customizable ice cream flights
  • Ice cream cakes
  • Sorbet and Sherbet options

Showcase that your ice cream products cater to a diverse customer base and ensure that there’s something for everyone. Clearly emphasize innovative flavors and unique combinations to grab customer attention.

Add creative names and descriptions to enhance the overall appeal of your menu. Use vibrant language to portray delightful flavors, the aroma of freshly made waffle cones, and any special features.

Implement a transparent and strategic pricing structure for delightful explorations that reflect the quality and craftsmanship behind each product.

Check the below example from Upmetrics to draft your ice cream shop product offerings:

ice cream shop product offerings

You might enclose details about whether you will sell ice cream cakes from a local vendor or make your own, and what kind of ingredients, dairy products, flavorings, and serving methods you will feature.

If applicable, consider including any interactive elements into the menu, such as QR codes for online videos revealing the making process of irresistible offerings or customer testimonials.

5. Marketing Strategy

Demonstrate a comprehensive marketing plan to attract a diverse customer base. Develop a multifaceted approach for brand promotion and customer engagement.

Think about the key elements mentioned below to add in your sales and marketing plan:

Establish a unique personality of an ice cream store via a professional website and brand logo. Highlight your shop atmosphere, ice cream offerings, artisanal flavors,  customer reviews, and locally sourced ingredients.

Social Media platforms

Use the power of social media(Instagram, Facebook, Twitter) to present your ice cream creations. Regularly publish visually appealing content, such as high-quality images, catchy captions, and promotional activities to maximize reach.

Offline Advertising

Effectively reach your target audience using offline channels. Use traditional advertising methods like brochures, newspapers, and social gatherings. Also, get in touch with the local community through outreach initiatives.

Events and influencer collaborations

Participate in local events or carnivals to raise brand visibility. Collaborate with influencers who align with your brand value and attract their followers to your ice cream shop.

Promotions and loyalty programs

Involve special discounts, buy one get one free offer or seasonal promotions to draw new customers and retain existing ones. Also, introduce loyalty programs to offer rewards for frequent patrons.

Take a reference from the below example written using our AI assistant, describing marketing strategy for ice cream shops:

Pence’s Frozen Custard will use multiple methods to approach its target markets. Since our most difficult task will be attracting customers for that first tasting, we have a two-tiered approach. First, a mass mailing campaign will create customer awareness and generate trials. This will include coupons and our “Grand Opening” offer: with a coupon, your first dessert at Pence’s in April or May is free. The initial cost of this offer will be more than offset by repeat sales later. After this initial campaign, our marketing strategy will focus on our two target markets separately.

For 18-24-year-olds, Pence’s will distribute flyers on campus and at the bus station. We will also seek permission to place fliers on the doors of apartment rentals and apartment complexes. To further reach the “Town and Gown” niche of this market, we will purchase radio ads on specific radio stations that feature R&B music.

To reach the “first families” more effectively, we plan to sponsor events and help out with local elementary schools and after-school activities. Such plans include: sponsoring a little league team; offering a tour of the shop to elementary school students; and giving coupons and promotional information to the children to bring their families in.

All of these marketing campaigns will be supplemented by ongoing “brand awareness” campaigns, with advertisements in the local paper, interviews with the college newspaper (as the owner is a graduate), and fliers posted at popular local events. We will highlight our community service involvement as part of our “good neighbor” approach to doing business in this area.

6. Management Team

Allowing your readers or investors to know about your management team will help them have a clear idea of who is operating your ice cream shop.

So, mention the ice cream shop’s general manager, marketing team, or some combination of ice cream confectioner and financier in this section. Here is an illustration of a strong management team with the help of Upmetrics:

Management team example of ice cream shop business

Highlight each individual’s specific roles and responsibilities, including their skills and prior experience relevant to ice cream businesses. If so, mention those experiences in your business plan to show their ability.

Doing so is very important to prevent any misunderstandings once the business is up and running.

Next, describe the compensation plan or salary structure in this section. This can help key stakeholders to ascertain how much percentage of the revenues is allocated to salaries. Refer to below as an example:

ice cream shop business salary structure

Not only that, you can also state advisory board members by including 2 -3 individuals who act like mentors to your business. They would direct you with strategic guidance and add credibility to your business idea.

7. Operational Plan

As specific information on day-to-day operations is a map for achieving business objectives and customer satisfaction, it’s time to emphasize a precise operational plan for an ice cream shop business.

Begin with a quick intro that summarizes the pivotal role of everyday operations and the supply chain for the frozen treats on your menu. Then, give a detailed overview of daily activities that navigate your business.

Specify the staffing requirements for your shop, defining the number of front-of-house and back-of-house associates. From scoopers to kitchen staff and cashiers, mention their roles and responsibilities.

Consider some factors like peak hours and seasonal variations to determine staffing levels. Here is an example from Upmetrics depicting the personnel plan for ice cream shops:

Personnel plan for ice cream shops

Facility Management

To ensure a smooth operation, discuss the daily facility management tasks such as opening and closing routines, maintaining schedules for equipment & fixtures, and making ice cream and serving customers.

Technology/software

Leverage technology/software for daily operations, including point-of-sale systems for order processing, inventory management for ingredient level tracking, and CRM tools for personalized communication or feedback.

Customer experience

Take specific steps to ensure a fun and safe customer experience. Involve staff training for a welcoming environment and cleaning protocols for food safety measures and contribute to a favorable customer experience.

8. Financial Plan

For a successful ice cream shop business, you will need a well-structured and in-depth financial plan with a realistic financial projection.

It is the most important section for investors as it offers a clear picture of the ice cream shop’s projected profitability, fiscal growth, and cash generation capacity.

While developing a financial plan, you can highlight the income statement, cash flow statement, balance sheet, break-even analysis, and funding needs for 3-5 years.

In this section, you need to make a few assumptions. it will greatly affect the financial forecasts of your business. Refer to Upmetrics’ template to make important assumptions for your ice cream shop business:

important assumptions for your ice cream shop business

Define all the necessary components explained below in your business plan:

Income statement

An income statement is generally known as a profit and loss statement, or P&L, showing the net profit of your ice cream shop business by deducting expenses from total earnings.

Here is an example of a projected profit & loss statement for an ice cream shop business using Upmetrics:

ice cream shop business profit loss statement

Cash flow statement

This statement enables you to notice how much money you need to start or grow your ice cream shop business and ensure that you never run out of money.

Sometimes, you get profits but still face financial issues that could lead to bankruptcy. Thus, you will require suitable cash flow planning to avoid such cases.

Also, don’t forget to maintain this statement even for certain months before earning profits.

Balance sheet

The balance sheet indicates your ice cream shop business’s net worth at a specific point in time. It classifies all your ice cream shop’s financial data into three parts: assets, liabilities, and equity.

Typically, a balance sheet is prepared once a year. For your ice cream shop business plan, create a projected balance sheet that emphasizes the income statement and cash flow projections.

projected balance sheet for an ice cream shop

All the above financial factors can help you specify the break-even point and funding needs. Evaluate the funding resources, including bank loans, SBA-guaranteed loans, angel investors, and personal savings.

However, calculating all the financial statements from scratch can be challenging. But not to worry; here is a simple solution.

Use our robust financial forecasting tool to develop all financial aspects for launching your own ice cream shop business.

Get Your Free Ice Cream Parlor Business Plan Template

Are you ready to start writing an ice cream shop business plan? And want to get help with your business plan? Well, here you go. Download our free ice cream parlor business plan pdf now.

This expertly crafted template is designed with ice cream businesses in mind. With a step-by-step guide and example, this template assists you in simplifying your planning process and directs you with each crucial step.

Import data into your editor and start writing an ice cream shop business plan.

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Now, it’s time to craft a blueprint to turn your vision of owning an ice cream shop into reality. Launch your ice cream shop business confidently with the power of Upmetrics AI assistant .

Whether you are an experienced entrepreneur or a newbie to the business world, our innovative tools and customized business plan templates empower you to write your business plan in minutes.

Don’t let the complexity of business planning hold you back. Grab the opportunity and create a pathway for your sweet venture with Upmetrics!

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Frequently asked questions, what are the key components of an ice cream shop business plan.

Writing a professional business plan for an ice cream shop involves the following key components:

  • Executive summary
  • Company overview
  • Market and industry analysis
  • Competitor and customer analysis
  • Sample menu for ice creams
  • Sales and marketing plan
  • Management team
  • Operational plan
  • Financial projections

Where can I find an ice cream shop business plan template?

There are various online platforms where you can find an ice cream shop business plan template. Consider reputable sources like Upmetrics, which offers 400+ customizable business plan templates for your specific needs.

How long should an ice cream shop business plan be?

Typically, the length of an ideal ice cream shop business plan is around 15-35 pages. It should be clear and concise yet comprehensive, covering all the essential elements of your business. The business plan length can vary based on the audience.

What should I do with my finished ice cream shop business plan?

Once your ice cream shop business plan is finished, use it as a live document. Send it to the potential investors and show your marketing & operational decisions. Regularly revisit and update it as your business grows.

What are some common mistakes made when writing an ice cream shop business plan?

Avoid below 7 common mistakes while writing an ice cream shop business plan:

  • Lack of thorough ice cream shop industry and market research
  • Overlooking financial projections
  • Poor competition analysis
  • Neglecting the importance of location
  • Lack of differentiation in product offerings and menu
  • Ignoring effective marketing strategies
  • Avoid prioritizing customer satisfaction

About the Author

soft ice cream business plan

Vinay Kevadiya

Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more

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How to open a soft-serve ice cream shop?

In this article:

Opening a Soft-Serve Ice Cream Shop

So, you’ve decided to open a soft-serve ice cream shop. Congratulations! This can be a fun and profitable business venture, but it’s important to do your research and planning before diving in. From finding the right location to marketing your new business, there are several key steps to take in order to set yourself up for success.

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First, you’ll need to find the perfect location for your soft-serve ice cream shop. Look for areas with high foot traffic, such as shopping centers, downtown areas, or near popular tourist attractions. Consider the demographics of the area to ensure there’s a demand for your product. Once you’ve found a location, you’ll need to secure the necessary permits and licenses to operate legally.

Creating a Unique Menu

One of the most important elements of opening a soft-serve ice cream shop is creating a unique and enticing menu. Consider offering a variety of flavors and toppings to appeal to a wide range of customers. You may also want to consider offering vegan or dairy-free options to cater to those with dietary restrictions. Don’t forget to create a standout brand and logo to attract attention and generate buzz around your new business.

Marketing Your Soft-Serve Ice Cream Shop

Once your shop is ready to open, it’s important to have a strong marketing plan in place. Utilize social media platforms to create buzz and attract customers to your grand opening. Consider offering promotions or discounts to incentivize people to visit your shop. Partner with local businesses and organizations to cross-promote and spread the word about your new venture.

Frequently Asked Questions

1. How much does it cost to open a soft-serve ice cream shop?

Opening a soft-serve ice cream shop can cost anywhere from $50,000 to $200,000, depending on the size and location of your shop, as well as the equipment and supplies needed.

2. What equipment do I need to open a soft-serve ice cream shop?

You will need soft-serve machines, dipping cabinets, freezers, refrigerators, topping dispensers, and other related equipment to operate a soft-serve ice cream shop.

3. How do I find suppliers for my soft-serve ice cream shop?

Research and reach out to local and national suppliers for ingredients such as ice cream mix, cones, toppings, and other related products to stock your shop.

4. What permits and licenses do I need to open a soft-serve ice cream shop?

You will need health permits, business licenses, food handler’s permits, and possibly zoning permits to operate a soft-serve ice cream shop.

5. How can I differentiate my soft-serve ice cream shop from competitors?

Consider offering unique flavors, creative toppings, and creating a welcoming and enjoyable atmosphere to set your shop apart from competitors.

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About Rachel Bannarasee

Rachael grew up in the northern Thai city of Chiang Mai until she was seven when her parents moved to the US. Her father was in the Oil Industry while her mother ran a successful restaurant. Now living in her father's birthplace Texas, she loves to develop authentic, delicious recipes from her culture but mix them with other culinary influences. When she isn't cooking or writing about it, she enjoys exploring the United States, one state at a time. She lives with her boyfriend Steve and their two German Shepherds, Gus and Wilber.

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How to Start a Profitable Ice Cream Business [11 Steps]

By Nick Cotter Updated Feb 02, 2024

ice cream business image

Business Steps:

1. perform market analysis., 2. draft a ice cream business plan., 3. develop a ice cream brand., 4. formalize your business registration., 5. acquire necessary licenses and permits for ice cream., 6. open a business bank account and secure funding as needed., 7. set pricing for ice cream services., 8. acquire ice cream equipment and supplies., 9. obtain business insurance for ice cream, if required., 10. begin marketing your ice cream services., 11. expand your ice cream business..

Starting an ice cream business requires a thorough understanding of the market landscape to tailor your offerings and business strategy effectively. A comprehensive market analysis will help you identify your target customer base, understand your competition, and find your niche. Here are essential steps to guide you through performing market analysis:

  • Research the current ice cream market trends, including popular flavors, dietary preferences (e.g., vegan, sugar-free), and consumption patterns.
  • Analyze your potential customer demographics, such as age groups, income levels, and lifestyle choices, to determine who would be most interested in your ice cream.
  • Study your competitors by visiting their stores, analyzing their product range, pricing, marketing strategies, and customer reviews to identify gaps in the market.
  • Examine the location demographics where you plan to set up your business, looking into foot traffic, local events, and seasonality to forecast potential sales.
  • Assess suppliers and the cost of ingredients to determine how you can offer competitive pricing while maintaining quality.
  • Utilize surveys or focus groups to gather feedback on ice cream preferences and test your product concepts with your target audience.

ice cream business image

Are Ice Cream businesses profitable?

Yes, ice cream businesses can be very profitable. The amount of profit depends on the size and type of business, the location, the cost of ingredients and supplies, as well as other factors.

Starting an ice cream business is an exciting venture that requires a well-thought-out plan to ensure success. A comprehensive business plan is crucial as it will guide you through each stage of starting and managing your business. Here are the essential components to include in your ice cream business plan:

  • Executive Summary: Provide an overview of your ice cream business, outlining your vision, mission, and the unique selling proposition of your ice cream products.
  • Business Description: Describe the type of ice cream business you are starting, whether it's a parlor, a mobile truck, or a wholesale operation, and the specific services you'll offer.
  • Market Analysis: Research and define your target market, analyze your competitors, and identify trends in the ice cream industry that can impact your business.
  • Marketing and Sales Strategy: Explain how you intend to attract and retain customers, including your pricing strategy, advertising, promotions, and branding approach.
  • Operations Plan: Detail the day-to-day operations, including your production process, suppliers, equipment needs, and staffing requirements.
  • Financial Plan: Include projections for startup costs, cash flow, income statements, and balance sheets. Consider different scenarios and financial forecasts for your business's growth.

How does a Ice Cream business make money?

An ice cream business can make money by selling ice cream products to customers. This can be done through ice cream shops, stands, trucks, online sales, or through wholesale distribution to other businesses. The business can also make money by charging customers for other products or services related to ice cream such as cones, toppings, sundaes, shakes, or novelty items. Additionally, some ice cream businesses may offer catering services for events or special occasions.

Developing a brand for your ice cream business is crucial in distinguishing your offerings in a competitive market. Your brand should resonate with your target audience and reflect the unique qualities of your ice cream. Consider the following steps to create a memorable and appealing brand:

  • Identify your unique selling proposition (USP): What makes your ice cream different? Is it the flavors, ingredients, or the production process? Your USP will be the cornerstone of your brand.
  • Choose a brand name: Select a name that is catchy, easy to remember, and gives an idea of what your ice cream is about. Ensure it's not already in use and can be trademarked.
  • Design a logo and packaging: Your logo should be visually appealing and represent your brand's values. Packaging should not only be attractive but also functional, keeping your ice cream in perfect condition.
  • Develop a brand voice: Decide how your brand communicates with customers. Whether it's playful, sophisticated, or friendly, your brand voice should be consistent across all marketing materials.
  • Create a marketing plan: How will you tell your story? Plan your marketing strategies, including social media, events, and in-store promotions, to introduce your brand to the marketplace.

How to come up with a name for your Ice Cream business?

When coming up with a name for your Ice Cream business, you should try to be creative and unique. Consider brainstorming words that have to do with ice cream, like creamy, chilly, sweet, and cold. You can also try to come up with a play on words or a pun for your business name. Lastly, make sure to research to ensure that the name you choose is not already in use.

image of ZenBusiness logo

Starting an ice cream business is an exciting venture that requires careful planning and legal formalities. One of the most critical steps is formalizing your business registration, which gives your business legal recognition and allows you to operate within the framework of the law. Below are the key actions to take when registering your ice cream business:

  • Choose a business structure (e.g., sole proprietorship, partnership, LLC, corporation) that best suits your needs and understand the implications for liability and taxes.
  • Register your business name with the appropriate state agency, ensuring it's unique and reflects your brand. If you're operating under a trade name or "Doing Business As" (DBA), you must file for that as well.
  • Obtain an Employer Identification Number (EIN) from the IRS for tax purposes, especially if you plan to hire employees.
  • Apply for the necessary business licenses and permits required to operate an ice cream shop in your area, which may include a food service license, health department permits, and a sales tax permit.
  • Understand and comply with local zoning laws to ensure your chosen location is zoned for a food service business.
  • Register for state and local taxes to ensure you can legally collect sales tax from customers, if applicable in your jurisdiction.

Resources to help get you started:

Explore key resources specifically curated for ice cream entrepreneurs, providing market trends, operational best practices, and strategic growth advice:

  • The International Dairy Foods Association (IDFA) : Offers industry reports, news, and events related to dairy, including ice cream. Visit: https://www.idfa.org
  • Nielsen : Provides data analytics and insights on consumer buying behavior, including ice cream products. More information at: https://www.nielsen.com
  • Ice Cream University : Specializes in ice cream business workshops, seminars, and consulting. Learn more: http://icecreamuniversity.org
  • Mintel : Offers detailed market reports and analysis on the ice cream sector, highlighting trends and innovations. Details available at: https://www.mintel.com
  • Dairy Foods Magazine : This publication provides industry news, including developments in the ice cream segment. Subscribe at: https://www.dairyfoods.com

Starting an ice cream business involves more than just delicious flavors; it's also about ensuring compliance with local regulations. To legally operate, you'll need to secure a variety of licenses and permits. Here's a guide to help you understand what you might need:

  • Business License: Check with your city or county government to obtain a general business license, a basic requirement for operation.
  • Food Service License: Apply for this license with your local health department as it ensures your business meets food safety regulations.
  • Resale Permit: If you plan to sell ice cream directly to customers, you'll need this permit for tax purposes.
  • Health Department Permit: This permit is essential for passing health inspections and maintaining food safety standards.
  • Signage Permit: If you're planning to put up signs for your ice cream shop, check if your city or county requires a permit for this.
  • Building and Zoning Permits: If you're constructing a new building or altering an existing structure, you may need these permits from local planning authorities.
  • Frozen Dessert License: Some states require a specific license for businesses selling frozen desserts, so check with your state's Department of Agriculture or equivalent.

What licenses and permits are needed to run a ice cream business?

Depending on the type and size of your ice cream business, you may need to obtain various licenses and permits from local, state, and federal government entities. These may include permits and licenses for food handling, vendor or peddler registration, health and safety regulations, fire safety compliance, tax identification numbers, sales taxes, zoning requirements, business operations, signage permits, and more.

Securing your financial foundation is crucial when starting an ice cream business. Opening a business bank account helps you manage your finances effectively, while securing funding ensures you have the necessary capital to cover startup costs and maintain operations. Follow these steps to set up your financial base:

  • Research banks to find one that offers business accounts with low fees, good customer service, and additional benefits like online banking and merchant services.
  • Prepare the necessary documents to open a business bank account, such as your business license, EIN (Employer Identification Number), and ownership agreements.
  • Consider the different types of business loans or funding options available, including SBA loans, traditional bank loans, personal savings, angel investors, or crowdfunding platforms.
  • Create a detailed business plan that outlines your financial projections, marketing strategy, and operational plan, which can help in securing loans or investment.
  • Explore local and federal grants or funding programs that may offer financial support to new businesses, especially those in the food industry.
  • Once your bank account is set up and funding is secured, establish a budget and keep track of all business expenses to maintain financial health.

Setting the right pricing for your ice cream services is crucial to attract customers while ensuring a healthy profit margin. The price should reflect the quality of your products, cover costs, and remain competitive within the market. Here are some guidelines to help you establish an effective pricing strategy:

  • Cost-Plus Pricing: Calculate the total cost of producing your ice cream, including ingredients, labor, and overhead expenses, then add a markup percentage to determine your selling price.
  • Competitive Analysis: Research the pricing strategies of local competitors to ensure your prices are in line with the market. Consider whether you want to match, beat, or exceed these prices based on your product's unique value proposition.
  • Value-Based Pricing: Set prices based on the perceived value to the customer. If you offer artisanal or organic ice cream, you might charge a premium.
  • Psychological Pricing: Utilize pricing tactics such as ending prices with .99 or .95 to make them appear cheaper.
  • Dynamic Pricing: Adjust prices for different times of the day, week, or season to reflect demand fluctuations.
  • Discounts and Promotions: Consider offering discounts, loyalty programs, or promotions to incentivize larger purchases or repeat business.

What does it cost to start a Ice Cream business?

Initiating a ice cream business can involve substantial financial commitment, the scale of which is significantly influenced by factors such as geographical location, market dynamics, and operational expenses, among others. Nonetheless, our extensive research and hands-on experience have revealed an estimated starting cost of approximately $32500 for launching such an business. Please note, not all of these costs may be necessary to start up your ice cream business.

Starting an ice cream business requires careful selection of equipment and supplies to ensure the quality of your product and the efficiency of your operations. From machines that churn and freeze your ice cream to serving utensils that facilitate a delightful customer experience, each item plays a crucial role. Below is a guide to help you acquire the necessary equipment and supplies:

  • Ice Cream Maker : Choose a commercial-grade ice cream maker that fits your anticipated volume and has a reputation for reliability.
  • Blast Freezer : To quickly lower the temperature of your ice cream and lock in flavor, invest in an efficient blast freezer.
  • Storage Freezer : Ensure you have a large enough storage freezer to keep your ice cream at the optimal temperature.
  • Display Freezer : Select an attractive display freezer to showcase your flavors and entice customers.
  • Serving Supplies : Stock up on cones, cups, spoons, and napkins that reflect the quality and branding of your business.
  • Topping Dispensers : Get easy-to-use dispensers for toppings to keep your serving area tidy and efficient.
  • Scoops and Spades : Invest in durable scoops and spades that allow for consistent serving sizes.
  • Cleaning Supplies : Maintain hygiene with food-safe cleaning agents and sanitizers specific to ice cream equipment.

List of Software, Tools and Supplies Needed to Start a Ice Cream Business:

  • Ice cream freezer
  • Mixers, blenders, and food processors
  • Mix-ins such as nuts, fruits, and syrups
  • Cones, cups, and other containers
  • Spoons, scoops, and other serving utensils
  • Cash register and POS software
  • Inventory software and tracking tools
  • Accounting and bookkeeping software
  • Food safety and storage supplies
  • Tabletop displays and other marketing materials

Securing the right business insurance is essential for safeguarding your ice cream business against unexpected events. It can protect against liabilities, property damage, and other risks that come with serving sweet treats to your customers. Here are key steps to obtain business insurance:

  • Research different types of insurance policies such as general liability, product liability, commercial property, and workers' compensation to understand what coverages are pertinent to your business.
  • Contact several insurance agents or brokers who specialize in business policies to compare coverage options and quotes. Make sure they have experience with food service or retail businesses.
  • Review your business plan and assess the specific risks associated with your ice cream business to determine the coverage levels you need.
  • Consider any legal or contractual obligations you may have that require specific insurance coverages or limits.
  • Once you've chosen a policy, thoroughly review the terms and conditions before signing to ensure it meets your business needs.
  • Keep your insurance documents safely filed and accessible, and set reminders for renewal dates to maintain continuous coverage.

Once you've perfected your delicious ice cream and set up your business, it's time to attract customers and make a splash in the market. Effective marketing is key to letting people know about your tasty offerings and why they should choose your ice cream over others. Here are some strategies to begin marketing your ice cream services:

  • Develop a Strong Brand Identity: Create a memorable logo, choose a catchy name, and use consistent branding across all materials to establish your ice cream business in the marketplace.
  • Utilize Social Media: Engage with customers on platforms like Instagram, Facebook, and Twitter. Share mouth-watering images of your products, run promotional campaigns, and interact with your followers to build a community.
  • Collaborate with Local Businesses: Partner with local restaurants, cafes, and event organizers to offer your ice cream as a featured dessert or at special events.
  • Offer Samples: Give away free samples at local markets, festivals, or in high foot-traffic areas to introduce your flavors to potential customers and gather feedback.
  • Implement a Referral Program: Encourage word-of-mouth marketing by rewarding customers who refer friends and family with discounts or free scoops.
  • Leverage Local Media: Reach out to local newspapers, food bloggers, and influencers for reviews and features to gain exposure in the community.

Once your ice cream business has established a solid foundation and a loyal customer base, it's time to consider expansion. This could mean diversifying your product offerings, opening new locations, or exploring wholesale opportunities. Here are some strategies to help you grow your ice cream empire:

  • Introduce new flavors and limited-time offerings to keep your menu fresh and exciting for repeat customers.
  • Consider catering events or setting up a mobile ice cream stand to reach a wider audience without the overhead of a new location.
  • Open additional store locations in high-traffic areas to capture more market share and increase brand presence.
  • Invest in an online ordering system and delivery service to make your products more accessible to customers who prefer to enjoy their treats at home.
  • Offer franchise opportunities to entrepreneurs who are interested in running their own business under your successful brand.
  • Explore partnerships with local businesses or supermarkets to offer your ice cream as a wholesale product.
  • Engage in community events and social media campaigns to strengthen your brand's visibility and customer engagement.

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Here is a free business plan sample for an ice cream shop.

ice cream shop profitability

Have you been fantasizing about opening your own ice cream shop but feel overwhelmed about where to start?

In the content that follows, we will present to you a comprehensive sample business plan tailored for an ice cream shop.

As you might be aware, a meticulously formulated business plan is crucial for any aspiring entrepreneur. It serves as a roadmap, outlining your vision, objectives, and strategies for your sweet venture.

To craft a winning plan with ease and precision, feel free to utilize our ice cream shop business plan template. Additionally, our specialists are on standby to review and refine it at no extra cost to you.

business plan ice cream man

How to draft a great business plan for your ice cream shop?

A good business plan for an ice cream shop must cater to the unique aspects of this delightful and often seasonal business.

To start, it's important to provide a comprehensive overview of the ice cream market. This should include current statistics and an exploration of emerging trends, similar to what we've incorporated in our ice cream shop business plan template .

Your business plan should articulate your vision clearly. Define your target market (such as families, young adults, tourists), and establish the distinctive positioning of your ice cream shop (gourmet flavors, locally sourced ingredients, dietary options like vegan or sugar-free, etc.).

Market analysis is the next critical component. This requires a thorough examination of local competitors, market tendencies, and consumer preferences specific to ice cream consumption.

Product offerings are central to an ice cream shop. Detail the variety of flavors, cone options, and any additional treats or beverages you plan to sell. Explain how these choices align with the desires and expectations of your target customers.

The operational plan is vital. It should outline the location of your shop, the layout of the serving and seating areas if applicable, supplier relationships for ingredients, and the process of making and serving ice cream.

For an ice cream shop, it's crucial to highlight the quality and source of ingredients, the creativity of flavor combinations, and adherence to health and safety standards.

Then, delve into your marketing and sales strategies. How do you intend to draw in customers and keep them coming back? Discuss promotional tactics, customer loyalty programs, and potential for additional revenue streams (like catering events or offering specialty desserts).

Incorporating digital strategies, such as a website or social media engagement, is also critical in the modern marketplace.

The financial plan is another cornerstone. It should cover the initial investment, projected sales, ongoing expenses, and the point at which the business will become profitable.

Given that ice cream shops can be highly seasonal, it's imperative to plan carefully and understand your financial projections. For assistance, consider using our financial forecast for an ice cream shop .

Compared to other business plans, an ice cream shop's plan must pay particular attention to seasonality, inventory management for perishable items, and the potential for fluctuating demand based on weather and tourism.

A well-crafted business plan will not only help you clarify your vision and strategy but also attract investors or secure loans.

Lenders and investors are looking for a solid market analysis, realistic financial projections, and a clear operational strategy for managing an ice cream shop.

By presenting a detailed and substantiated plan, you showcase your dedication and preparedness for the successful operation of your ice cream shop.

To achieve these goals while saving time, you can start with our ice cream shop business plan template .

business plan ice cream shop

A free example of business plan for an ice cream shop

Here, we will provide a concise and illustrative example of a business plan for a specific project.

This example aims to provide an overview of the essential components of a business plan. It is important to note that this version is only a summary. As it stands, this business plan is not sufficiently developed to support a profitability strategy or convince a bank to provide financing.

To be effective, the business plan should be significantly more detailed, including up-to-date market data, more persuasive arguments, a thorough market study, a three-year action plan, as well as detailed financial tables such as a projected income statement, projected balance sheet, cash flow budget, and break-even analysis.

All these elements have been thoroughly included by our experts in the business plan template they have designed for an ice cream shop .

Here, we will follow the same structure as in our business plan template.

business plan ice cream shop

Market Opportunity

Market data and figures.

The ice cream market is a dynamic and evolving industry with significant growth potential.

Recent estimates value the global ice cream market at over 60 billion dollars, with projections indicating a continued increase due to the rising demand for innovative and premium frozen desserts.

In the United States alone, there are over 20,000 ice cream shops, contributing to an annual revenue of approximately 5 billion dollars for the ice cream industry.

These statistics underscore the popularity of ice cream as a staple treat in American culture and its substantial economic impact.

The ice cream industry is witnessing a surge in trends that cater to health-conscious and adventurous consumers.

There is a growing interest in low-calorie and sugar-free ice cream options, as well as an expansion in dairy-free and plant-based alternatives, catering to lactose-intolerant and vegan customers.

Eco-conscious consumers are driving demand for sustainably sourced ingredients and eco-friendly packaging, pushing ice cream shops to adopt greener practices.

Artisanal and craft ice cream varieties are becoming increasingly popular, with a focus on unique flavors, local ingredients, and handcrafted production methods.

Technology is also playing a role, with some shops offering customized ice cream experiences through the use of liquid nitrogen freezing or personalized mix-ins.

Online ordering and delivery services for ice cream are expanding, making it easier for customers to enjoy their favorite flavors from the comfort of their homes.

Transparency in ingredient sourcing and a focus on natural, high-quality components are important to consumers, who are more discerning about the products they consume.

These trends highlight the industry's adaptability and responsiveness to the evolving preferences and values of modern consumers.

Success Factors

Several factors contribute to the success of an ice cream shop.

Foremost, the quality of the ice cream is paramount. Shops that offer rich, flavorful, and high-quality products are more likely to build a dedicated following.

Innovation in flavor creation and presentation can set an ice cream shop apart in a crowded market.

The shop's location is critical, with high foot traffic areas often leading to increased sales and visibility.

Exceptional customer service is essential for fostering a welcoming atmosphere and encouraging repeat business.

Efficient cost management, environmental sustainability, and the ability to keep pace with dietary trends, such as offering keto or paleo-friendly options, are vital for the longevity and prosperity of an ice cream shop.

The Project

Project presentation.

Our artisanal ice cream shop project is designed to cater to the discerning palates of ice cream aficionados, with a special focus on those seeking lactose-free, vegan, and health-conscious options. Situated in a vibrant neighborhood or near popular tourist attractions, our shop will feature an array of unique and traditional flavors, all crafted with premium ingredients and offering dairy-free alternatives.

We will emphasize the quality, creaminess, and innovative flavor combinations of our ice cream to deliver an indulgent experience that doesn't compromise on dietary preferences or health.

Our ice cream shop aims to be the go-to destination for exceptional frozen desserts, contributing to the joy and satisfaction of our community and visitors alike.

Value Proposition

The value proposition of our artisanal ice cream shop is centered around providing a delightful and diverse selection of ice cream that caters to various dietary needs without sacrificing flavor or texture.

Our dedication to using high-quality, natural ingredients ensures a rich and satisfying taste experience, while our commitment to inclusivity means offering options that everyone can enjoy, regardless of dietary restrictions.

We strive to create a welcoming atmosphere where customers can explore a world of flavors, learn about the benefits of our carefully sourced ingredients, and indulge in a treat that's both delicious and responsible.

As a pillar of the community, our ice cream shop will not only serve up scoops of joy but also aim to educate and inspire healthier dessert choices.

Project Owner

The project owner is an ice cream enthusiast with a passion for creating delectable and innovative frozen treats that cater to a wide range of dietary needs.

With a background in culinary arts and a special interest in nutrition and sustainable practices, they are dedicated to establishing an ice cream shop that stands out for its commitment to quality, creativity, and customer health.

Driven by a mission to offer a delightful escape through every scoop, the owner is determined to provide a memorable experience that celebrates the joy of ice cream while promoting a lifestyle that values well-being and inclusivity.

Their dedication to excellence and love for the craft of ice cream making are the cornerstones of this project, aiming to enrich the lives of those who seek indulgence in its purest and most thoughtful form.

The Market Study

Market segments.

The market segments for this artisanal ice cream shop are diverse and cater to a wide range of customers.

Firstly, there are dessert lovers who seek out gourmet, high-quality ice cream with unique flavors and natural ingredients.

Secondly, health-conscious individuals who prefer ice cream made with organic, low-fat, or alternative milk options form another significant segment.

Additionally, the market includes families looking for a fun and delicious treat for all ages, as well as tourists seeking to indulge in local specialties.

Lastly, local businesses and event planners represent a segment interested in catering services for parties, corporate events, and special occasions.

SWOT Analysis

A SWOT analysis of this artisanal ice cream shop project highlights several key points.

Strengths include a passion for creating handcrafted ice cream, the use of high-quality and locally sourced ingredients, and a strong brand identity centered around a unique customer experience.

Weaknesses might encompass the seasonal nature of ice cream sales and the potential for higher production costs associated with premium ingredients.

Opportunities can be found in the growing trend towards artisanal and craft foods, the ability to create a strong online presence, and the potential to expand the product line to include vegan and allergy-friendly options.

Threats could involve the competitive landscape of the ice cream market, fluctuating prices of dairy and other key ingredients, and the need to maintain consistent quality and innovation to retain customer interest.

Competitor Analysis

Competitor analysis in the ice cream industry shows a mix of traditional ice cream parlors and modern, innovative shops.

Direct competitors include other artisanal ice cream shops, large ice cream chains, and supermarkets with a variety of frozen dessert offerings.

These competitors vie for the attention of consumers who value taste, quality, and a memorable buying experience.

Potential competitive advantages include the uniqueness of flavor combinations, the shop's ambiance and location, customer loyalty programs, and the ability to cater to dietary restrictions and preferences.

Understanding the competitive landscape is crucial for carving out a niche and ensuring customer satisfaction and repeat business.

Competitive Advantages

Our dedication to crafting exceptional ice cream from scratch is the cornerstone of our competitive edge.

We offer an ever-changing menu of inventive flavors, all made with care from the finest ingredients, to deliver unparalleled taste and quality.

Our commitment to sustainability, through eco-friendly practices and packaging, resonates with environmentally conscious consumers.

We also engage with our community by hosting events and collaborating with local businesses, which helps to strengthen our brand's presence and loyalty among our customers.

Transparency in our ingredient sourcing and production processes further solidifies trust in our brand, ensuring that our customers feel good about every scoop.

You can also read our articles about: - how to open an ice cream shop: a complete guide - the customer segments of an ice cream shop - the competition study for an ice cream shop

The Strategy

Development plan.

Our three-year development plan for the artisanal ice cream shop is designed to be both progressive and responsive to market trends.

In the first year, our goal is to establish a strong local presence and build a loyal customer base by offering unique, high-quality ice cream flavors and exceptional service.

The second year will focus on expanding our reach by setting up additional outlets in high-traffic areas and possibly exploring franchising opportunities.

In the third year, we plan to diversify our product line to include vegan and dairy-free options, catering to a wider range of dietary preferences, and to initiate collaborations with local food artisans to create exclusive flavors.

Throughout this period, we will prioritize customer satisfaction, innovation in flavor creation, and sustainability in our operations to solidify our reputation in the ice cream market.

Business Model Canvas

The Business Model Canvas for our ice cream shop targets not only ice cream lovers but also those with dietary restrictions and health-conscious individuals seeking indulgent yet mindful treats.

Our value proposition revolves around offering a memorable experience through a variety of premium, handcrafted ice cream flavors made from locally sourced ingredients.

We plan to sell our products through our physical shops and online platforms, utilizing key resources such as our state-of-the-art ice cream making equipment and our team's culinary expertise.

Key activities include crafting unique ice cream flavors, engaging with the community, and maintaining a strong online presence.

Our revenue streams will be generated from the sale of ice cream products, while our costs will be associated with ingredients, production, and marketing efforts.

Access a detailed and customizable Business Model Canvas in our business plan template .

Marketing Strategy

Our marketing strategy is centered on creating an immersive brand experience.

We aim to captivate our target market by showcasing the artistry behind our ice cream creations and emphasizing the use of natural, high-quality ingredients. Our promotional tactics include interactive social media campaigns, local event sponsorships, and in-shop flavor sampling events.

We will also seek partnerships with local businesses and food influencers to increase brand visibility and credibility.

By leveraging digital marketing and community engagement, we will build a strong brand that resonates with customers seeking a delightful and authentic ice cream experience.

Risk Policy

Our risk policy for the ice cream shop is focused on mitigating risks associated with perishable goods, customer health, and market fluctuations.

We will implement rigorous quality control measures to ensure the freshness and safety of our ingredients, and we will adhere to strict sanitation protocols to prevent contamination.

Cost management strategies will be in place to navigate the volatile prices of premium ingredients. Additionally, we will maintain comprehensive insurance coverage to protect against unforeseen liabilities.

Our commitment is to deliver safe, high-quality ice cream while ensuring the financial stability and longevity of our business.

Why Our Project is Viable

We are passionate about creating an ice cream shop that stands out for its innovative flavors and quality craftsmanship.

With a focus on customer experience, community involvement, and a responsive approach to dietary trends, we believe our business is well-positioned to thrive in the competitive ice cream market.

We are dedicated to adapting our strategies to meet customer demands and are excited about the potential to grow a sustainable and beloved ice cream brand.

We welcome the opportunity to make a positive impact on the community and look forward to the sweet success of our ice cream shop.

You can also read our articles about: - the Business Model Canvas of an ice cream shop - the marketing strategy for an ice cream shop

The Financial Plan

Of course, the text presented below is far from sufficient to serve as a solid and credible financial analysis for a bank or potential investor. They expect specific numbers, financial statements, and charts demonstrating the profitability of your project.

All these elements are available in our business plan template for an ice cream shop and our financial plan for an ice cream shop .

Initial expenses for our artisanal ice cream shop include the purchase of commercial ice cream making equipment, freezers for storage and display, renovation of the retail space to create an inviting atmosphere, procurement of high-quality, natural ingredients, and staff training to ensure the production of premium ice cream. Additionally, costs will be allocated for brand development and targeted marketing campaigns to attract ice cream enthusiasts.

Our revenue assumptions are based on a thorough analysis of the local market's demand for artisanal and specialty ice cream, taking into account the increasing trend towards gourmet frozen desserts and unique flavor experiences.

We expect sales to grow steadily as we establish our brand and reputation for offering a diverse range of unique and traditional ice cream flavors made with high-quality ingredients.

The projected income statement outlines expected revenues from ice cream sales, production costs (ingredients, labor, utilities), and operating expenses (rent, marketing, salaries, etc.).

This leads to a forecasted net profit that is essential for assessing the long-term profitability of our ice cream shop.

The projected balance sheet will reflect assets such as ice cream making equipment, ingredient inventories, and liabilities including any loans and foreseeable expenses.

It will provide a snapshot of the financial health of our ice cream shop at the end of each fiscal period.

Our projected cash flow statement will detail the inflows and outflows of cash, enabling us to predict our financial needs. This is crucial for maintaining a healthy cash balance to support operations and growth.

The projected financing plan will outline the sources of funding we intend to tap into to cover our initial costs, such as savings, loans, or investor capital.

We will keep a close eye on the working capital requirement for our ice cream shop to ensure we have sufficient funds to support day-to-day activities, including ingredient purchases, inventory management, and payroll.

The break-even analysis will determine the volume of sales we need to achieve to cover all our costs, including the initial investment, and to begin generating profits.

It will signal the point at which our business becomes financially sustainable.

Key performance indicators we will monitor include the profit margin on our ice cream sales, the current ratio to evaluate our ability to meet short-term liabilities, and the return on investment to gauge the efficiency of the capital we have invested in our ice cream shop.

These metrics will assist us in assessing the financial performance and overall success of our venture.

If you want to know more about the financial analysis of this type of activity, please read our article about the financial plan for an ice cream shop .

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Ice Cream Business Plan Sample

Published Feb.05, 2024

Updated Apr.23, 2024

By: Brandi Marcene

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ice cream shop business plan

Table of Content

Ice Cream Shop business plan for starting your own ice cream shop

  The primary purpose of this ice cream shop business plan is to highlight the parameters by which principals will continue to build, develop, and operate an ice cream shop, which owns a prominent location.

Kevin D, the managing director of the ice cream shop, and the owner of the Ice Shop Company, Inc., are confident and eager to find a larger store within Texas (United States).

Kevin D, The American Ice Shopping Company, Inc., and owners Marry, and Evan Dwyer hope the store will be a success among other national stores already committed to doing business in Texas.

How to open an ice cream store

To open an ice cream store, it is very important to have a parking space. Buying ice cream is usually the customer’s impulse decision. Therefore, an ice cream shop should be easily accessible and have adequate parking. Find a location near businesses such as markets, baby clothing/toy stores or family restaurants .

Executive Summary

  Kevin D (owner), of the Ice Cream Shop, this single retail store will sell the ice creams and related products, all of which will be made by the owner under its own name.

Proceeds will be primarily from the sale of ice cream and related products consumed within the Davis Plaza. Owners will also sell ice cream cakes, traditional cakes, birthday cakes and cola products. Sales in the first year are expected to reach $74,890.00 and will grow at an average annual rate per year for the first five years of operation.

How to start a business?

Ice Cream Business Plan - Startup Cost

  In this Ice cream startup business plan , we expect the initial required costs of $75,000 to $100,000 based on the cost of starting the ice cream shop and other liability. We are not expecting for the loan as of now. Therefore, we will be bearing the startup cost initially.

How to implement business management?

The principals, themselves, will manage this ice cream business plan . A qualified person will be the hand-in-hand manager for the day-to-day operations of the shop, with the help of the department. The manager will have the following responsibilities and perform the following duties:

Customers of ice cream shop

Without any customers, it doesn’t matter how big your ice cream is. Customers are the most important thing for any business to succeed. How to promote your new ice cream business ?

Well, there is the old-fashioned way and the modern technological way. You have to do both!

What target of this business?

The main goal of the ice cream startup business plan is to offer products related to ice cream advertising to large and small stores at regular national and international discounts on regular wholesale-purchase orders at competitive rates. We want to stand out from the other shop owners and offer a wide range of products that surpass our competitors, thus making our ice cream business plan a more attractive option.

 Company Summary

The company will be owned by Kevin D and one or two additional partners. Currently, no investment has been received from the other owners. However, it will hold a majority stake in the company under Kevin’s control. A buy/sell agreement with other investors will be established when a limited liability company (LLC) is formed to allow an exit strategy for one or all investors.

Business plan for investors

  • Plan your business

When starting an ice cream shop, the business/startup, the shop owner will involve a consultant to help implement a business plan early on. Ice cream shop or store Expenditure Budget / Funds for a Startup – Comes from legacy and business credit.

  • Define your brand

The ice cream shop’s measuring stick will be its unique approach to how to start a ice cream shop for personal customization based on customer satisfaction and customer needs. No customer is the same; they will not be treated generously. We are not only another shops, we

  • How to advertise and market a business

In the business plan for ice cream store , will be very involved in the promotion and marketing of the social media market. Digital marketing is at the heart of any successful ice cream business plan  today. Instagram, Twitter, Facebook, and LinkedIn will be the main target areas. A full-time digital marketing expert will be hired to run this page of the business to maintain its presence online.

  • Establish web presence

A new website is currently under construction to engage the most effective web presence. It engages customers and gets new ones. Customers can order online as well as go to the store. Thus, it attracts a large customer base. Staying up to date with Google Analytics is key to maintaining a high search level.

 Company owner

The owner of the ice cream shop is a young man Kevin D who has a career in university. Kevin D comes from a family that has been in the ice cream and custard/food industry for two generations and dreamed of one day owning his own ice cream shop business. His knowledge of the field of food industry is immense, and his effort will be greatly appreciated.

 Why the ice cream shop is being started

Coming from a long line of family business owners, he always knew that he wanted to create his own identity in life, to be his own boss, to create his own new company from scratch. With this in mind, the university was her starting point. They need to gain more knowledge than she already has to ensure the success of her ice cream business plan .

 How the ice cream shop will be started

A lucky legacy enables the birth of an ice cream shop with a small business loan and the business plan for ice cream store . Besides, help from a business partner, consultant, and family business owner, the business will be operated.

In the sample business plan for ice cream shop , the owner is highlighting that the customers can choose the taste of frozen custard (vanilla, chocolate and one or two additional daily flavors) and then mix it with the Italian ice flavors of their choice (more than 30 flavors are offered daily to the customers). In addition, the customers can enjoy their desserts in a warm, soothing atmosphere like the upstairs of the ice cream shop.

The Products

  • It tastes rich because it is made with an egg base.
  • Low in fat and sugar than most premium ice creams
  • Smooth and creamy texture.
  • Taste of antique home (made fresh every day.)
  • High density (it fills more than soft service due to low wind gusts.)
  • Italian ice

Fruit-flavored ice cream with a smooth texture (very small ice crystals)

  • A sweet and fat-free frozen product
  • Made without milk or egg products
  • Made with real fruit concentrate
  • The consistency of a slash

Marketing Analysis of Ice Cream Shop Business

Market trends.

In recent 4 to 5 years, the ice cream and frozen confectionery industry have seen significant growth. Much of this growth has come in the premium and super-premium ice cream segment. Kevin’s Ice cream shop will serve products that come in the premium ice cream segment. Premium and super-premium products are commonly found in scoop stores such as Goldstone Creamery, Ben & Jerry and Prince Bucklers.

  • 13% over 65 Years
  • 45 to 25% between 45 to 64 Year
  • 25% from 25 to 45 Years
  • 12% from 18 to 25 Years

Marketing Segmentation

Customer groups for Kevin’s Ice Cream shop will be:

Ice Cream Business Plan - Market Segmentation

  • 18-24 year olds

For the ice cream business plan project our market research identifies approximately 38,000 customers in the Texas area within this age range. The target customer is going to be the central part of “Ice cream shop”: half college students and half locals. They tend to spend more on expensive products than they buy.

  • First families

These are the children who grew up in the Texas and nearby population. Most of their children are not yet teenagers. By targeting this group, we can not only build a large-scale instant business but also build long-term clients in children.

Increasing our downtown location and customer base will attract customers outside of our target groups, including those attending Saturday market, coming to town to shop, or attending plays or music events. We estimate that this third market segment of about 3,160 people (1% of the total local population) is conservative.

Business Target

16-24 year olds age group customers go out for ice cream more than any other age group. Among the 16-24 age group, the “Texas” location is important because they occupy a large area around the store location. They are accessible through music, mostly R&B, and they prefer valuable products that are compatible with our product offering.

Ice Cream Business Plan - 3 Years Profit Forecast

What is the target Market?

The “first families” were chosen because of their growing population, number, and desire to go out frequently for ice creams. Their lifestyle is particular because they are the most accessible group to market. They all have young children, so strategies towards children or child-related markets can be very useful in testing and developing sales.

excellent work

excellent work, competent advice. Alex is very friendly, great communication. 100% I recommend CGS capital. Thank you so much for your hard work!

In the ice cream businesses, we plan to reach the first families with their children. Kevin’s Ice Cream shop will sponsor a small league ball team and provide free ice creams on days when players win a game. This will draw them and their families to the store.

How to keep customers coming back?

  We also invite local elementary schools to visit our facilities. We will teach children how to make ice creams with various flavors. We allow each child to create their work; we hope they enjoy their time in our scoop shop so much that they wish to bring their parents back.

What will be the average receipt of the business?

The average customer receipt will range from $ 10 to $ 100, depending on the size of the business ordering the ice creams. Items purchased in bulk expect an average of $ 1000 receipt.

Product Pricing

Our prices are very low so that even middle class people can buy such products and get it easily. Therefore, our goal is to include all kinds of customers who want to have an unique taste and a variety of ice creams.

Marketing Strategy

Our online presence will increase our marketing online in the form of a professional website compatible with mobile phones. We direct traffic through our site by using/delivering an add-on to our customers. It will be essential to create regular food-centric content with keywords that are guaranteed to get high marks in search engines. We post the best offers on social media sites like our Facebook page to engage our followers and buy and click on our website. Using Facebook and Instagram ads for businesses to promote our products will be part of our implementation in Offset.

Competitive analysis

Kevin’s Ice Cream Shop has two competitive analysis points:

  • Rich and creamy, high class, low fat, frozen desserts.
  • Our friendly, neighborly attitude to our customers.

Both of these selling points help to achieve the overall goals of a consistent customer base with continuous sales. Our focus on paying personal attention to our customers, and engaging in local events and clubs will set us apart from our competitors.

Sales Strategy

Our sales strategy is primarily focused on delivering the highest quality products and services to our target customers. Once a customer enters our shop, it is our job to make sure their experience with us is enjoyable. Product offers and prices are clearly posted behind the counter, and scoopers are educated about the products and processes involved in each, so they can answer all customer questions.

Sales Monthly

The Ice cream shop business may not be able to take a profit margin in the very first month, but our plan is to do so in order to mitigate that plan quickly. However, in terms of sales, we expect a rapid increase in the first four weeks of the store.

Ice Cream Business Plan

Sales Yearly

For the First and second years in a row, we expect a total increase of 36-40% in sales due to a modest annual sales volume and the dramatic difference between the monthly average of the opening months and their peers in the second year. In the third year, we expect a conservative 16% increase in sales revenue.

Ice Cream Business Plan - Seles Yearly

Sales Forecast

In the ice cream business proposal , our sales forecast is mainly determined by the foot traffic in the area, the season of the year and the current weather. The sales for the first year will be based on this plan are approximately $70,000.00 to $80,000.00 and $80,00.00 to $90,000.00 for the second year and $90,000.00 to $100,000.00 for the third year.

Ice Cream Business Plan

Personnel plan

We expect seasonal hiring of part-time employees. Since we do not offer any benefits to our employees, full-time employees will not be hired in the first year.

We expect two or three part-time employees to start working in May, except for two or three employers. Our two or three employees will share the hours per week because we expect the paid employee to work an average of 5 hours a day, seven days a week.

Company Staff

What staff needed to open a company?

For opening an ice cream shop or company the basic staff will be sufficient, which are as below-

  •   Part-time employees
  • Owner – Kevin D
  • Other Owner(s)

Average Salary of Employees

How much costs average salary for all employees?

To start an Ice cream shop business, the following table describes the average annual salary of each employee and the total salary for the next 3 years –

 
Part-time employees$30,000$34,500$39,675
Owner – Kevin D$41,000$47,150$54,223
Other Owner(s)$10,000$11,500$13,225

Financial Plan

The growth is expected to increase from the second year of the owners of Kevin D’s ice cream shop. In addition, there will be a need of some extra fund to maintain the required inventory levels and to purchase additional inventory if sales are higher than expected. No other immediate financial needs are expected.

Important Assumptions

An important assumption is the initial sales forecasts. We made this estimate based on an hourly average found at a local ice cream shop. We are significantly reducing the number due to the weather, our unknown brand name, and foot traffic. These ratings are very conservative, and we expect real sales to surpass them immediately.

Brake-even Analysis

The gap-equivalence analysis shows that Kevin’s Ice cream shop has sufficient sales strength to be viable. Our breakpoint is $$6,719 per month. We estimate our average selling price to be $2.50, which is the approximate selling price for medium-sized ice cream at our retail outlet.

Ice Cream Business Plan - Break-even Analysis

Projected Profit and Loss

In the first year, we expect a Profit of $10,000 to $12,000. This is mostly due to losses incurred in the opening months and continued pay and other expenses. Next year, we expect to see a steady and steady profit level of $17,000, to $18,000 and we expect our profit to rise to $27,000 to $29,500 in the third year.

Profit Monthly

The initial months’ profit we make can sustain all our operations and give us enough dividends to invest in the future growth of the ice cream business.

Ice Cream Business Plan - Profit Monthle

Profit Yearly

As already mentioned, we may be at a loss for the first-months operations, but we expect to touch the profit base within 3 or 4 months of operation so that our annual profits can recover all the losses.

Ice Cream Business Plan - Profit Yearly

Gross Margin Monthly

In the first 5 to 6 months, the profit margins will be negative; however, we expect a thicker margin base as profits increase.

Ice Cream Business Plan Gross Magazin Monthly

Gross Margin Yearly

Annual margins will be better in the upcoming years. Also, this will help us expand our business and reach a more extensive customer base.

Ice Cream Business Plan - Gross margin Yearly

Projected Cash Flow

Kevin’s Ice cream shop expects to manage the cash flow in the first year with the help of cash and cash reserves from our first year loss of $17,000 to $18,000.

Projected Balance Sheet

As stated earlier, owners insist on long-term growth in business value rather than short-term returns. Our projected balance sheet shows a decrease in net worth from $6,000 to $7,000 in the first year. However, starting from the second year, we expect our net worth to increase to $5,000 to $6,500 gradually, and by the end of the third year, the value of the company will increase to $21,000 to $22,000.

Business Ratios

Our total margin is significantly higher than the industry average. We believe this is because the vast majority of the industry is made up of large-scale manufacturers using economies.

Download Ice Cream Business Plan Sample in pdf

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Ice Cream Profits

  • Business Plans

Last Year Consumers Spent Over $21.4 Billion On Frozen Desserts…

Now, find out how you can open a money making ice cream parlor using this step-by-step business plan.

From: Jason Lexell, Founder of IceCreamProfits.com

Dear Ice Cream Entrepreneur,

What other business practically guarantees satisfied customers every time? What other business caters to men, women and children or people from all demographics and all walks of life? Let’s face it, everyone loves ice cream.

Whether you aspire to grow as profitable and well-recognized as Ben & Jerry’s Ice Cream or simply want to make a comfortable, six-figure income in your home town , a key to success is a carefully planned, well executed business plan.

However, I understand that the mere term ‘business plan’ causes panic for many entrepreneurs. Let me fill you in on four business plan writing secrets:

  • You don’t need an MBA.
  • You won’t have to spend countless, grueling hours at your computer.
  • You don’t even have to know what’s in a business plan.
  • You also won’t have to pay a consultant $150 an hour to write a custom business plan.

Yes, new businesses can be expensive, but let me tell you the secret that successful ice cream shop entrepreneurs all know: with proper planning an ice cream parlor can be affordable and relatively easy to operate.

I Can Help You Plan for Your Ice Cream Shop’s Success…

I’ve heard it all…

As the founder and editor of Ice Cream Profits, entrepreneurs just like you write in with questions about the ice cream business. Of the hundreds of questions I get every month, about 80% involve effective business plan development or business start-up.

I also get the success stories – the letters and e-mails from professionals who’ve built a profitable and established ice cream business. They offer tips and advice, telling me what worked for them.

So I have a unique vantage point – and a wealth of secret, insider information about the business that others don’t. I know what it takes to make it!

Regardless of what anyone says, starting your own business has its risks. But, what I’ve learned is that a good business plan helps you tackle challenges before they set you back.

Why Do I Need a Business Plan for My Ice Cream Shop?

Having a solid plan with realistic estimates is critical. You need a business plan that is tailored to your unique business. Generic plans aren’t up to par, and consultants can be way too expensive.

A professional business plan is like a road map to success, showing you:

  • How to market your business with the least possible investment
  • How to beat the competition head-on
  • What your risks are and how to minimize the risk
  • How much revenue you can expect in the first year, the second year, and so on
  • How you can set your shop apart from the others – and double your income!
  • The minimal requirements you need to get into the lucrative ice cream business
  • Plus so much more!

Let me show you how to get a personalized business plan tailored specifically to your ice cream shop that will help you earn the highest profits attainable!

But first, let’s review the facts.

This is Serious Stuff…

FACT: Over 50% of all small businesses FAIL in the first year. (Source: U.S. Small Business Administration)

FACT: Statistics show that a well-written business plan can dramatically increase your chance of success.

FACT: Poor planning is the #1 cause for small businesses failure. (Source: Dunn and Bradstreet)

Get The Secret To Launching and Running A Highly Profitable Ice Cream Business!

Now, let me show you exactly how to safeguard your business from failure. I want to introduce you to the best business plan template system I’ve ever come across. It provides the customization you need, geared solely toward the ice cream industry.

It also doesn’t come along with the high price tag you’ll find with consultants or business plan software. It’s incredibly easy to modify and the bulk of the plan is written for you!

Using this business plan, you can map out your new business in a fraction of the time and at a fraction of the cost. This business plan is a professional document that will help you plan for your ice cream shop’s success.

If you need financing, this customizable business plan will help you get the money you need. You will be proud to show this business plan to any reputable bank, investor or business consultant.

Introducing….

The ice cream business plan – newly updated for 2021.

Would you take a road trip without a map? Probably not. So why would you even consider starting a business, with much greater risk, without a fail-safe, ironclad business plan?

Get started the easy way using The Ice Cream Business Plan .

  • Key Ice Cream Industry Facts & Figures
  • Up-to-Date Research and Analysis – Save Hours of Your Time!
  • Detailed Business Description
  • Critical Ratios and Calculations
  • Key Financial Forms
  • Eliminate The Mystery Behind Expense and Income Estimates
  • Complete Marketing & Operational Plan
  • Detailed, Fully-Customized, Ice Cream Business Plan
  • Plus 5 Amazing Getting Started Bonuses
  • Satisfaction Guaranteed!

soft ice cream business plan

The Ice Cream Business Plan (A complete business planning kit with Word, Excel, and Adobe PDF documents.)

Read What Other Ice Cream Entrepreneurs Are Saying About The Ice Cream Business Plan…

“we are opening our first ice cream shop in 3 or 4 months”.

When a decision is made to take such a leap as opening your own business, guidance and structure from those that have the knowledge base is invaluable. There is no reason to re-create a format for an overall plan that is already created.

We are very close to finalizing our plan and opening our store with the next 3-4 months. Thank You!

April Ranceful Parrish, FL

“It Contained Key Information for Starting an Ice Cream Shop!”

I would recommend this business plan to others because it’s important to have good solid information when starting a business and any materials that can dispel some of the myths and put things into a clear focus is good

Yahya Muhammad Chicago, IL

A Professional Business Plan in a Fraction of the Time at a Fraction of the Cost!

When you actually sit down to write an ice cream shop business plan, you can feel overwhelmed. Where do you start? What do you say? With so many sections and critical information expected, it’s hard to know.

Generic plans just don’t work for this business.

You could hire a business plan consultant for one-on-one help with writing your business plan. However, these consultants will often charge upwards of $100/hour and you can expect to pay between $2,000 to $10,000 for a thoroughly researched plan. That is a huge amount of money you could be using as start up capital instead.

But, now, you can create a professional business plan specifically geared toward the ice cream industry in a fraction of the time it would take if you were writing it from scratch!

Just customize to fit your shop’s details and your business plan is done. It is, by far, the easiest way to write a business plan!

Writing a Business Plan Has Never Been Easier…

You simply input your ice cream shop’s details in the easy-to-follow business plan template and click save. Then open the Microsoft Excel financials document and plug in your shop’s projected numbers.

This will help you calculate the break even analysis, opening day balance sheet, three-year profit projection and 12-month profit loss statement.

Once you’re satisfied with your business plan, print it out and place everything in a professional binder. Then it’s done!

You can use it as a guide for running your ice cream shop. You can also present your polished plan to lenders, partners or investors.

The Research Has been Done For You with Up-to-date Ice Cream Industry Facts and Figures

Possibly the most difficult part of writing a business plan is the research involved. This is why the Ice Cream Business Plan pays special attention to the research section. This business plan uses only the most reputable sources and includes all the key information entrepreneurs, banks and investors require.

All industry research is pulled from exceptional sources including:

  • International Dairy Foods Association
  • US Census Bureau
  • Datamonitor
  • US Food & Drug Administration

The Ice Cream Business Plan is updated every year to ensure you always have the most up-to-date facts and figures in your ice cream business plan.

Since the industry research section is already written, you save hundreds of frustrating hours required to manually gather anything nearly as comprehensive. That alone is worth your investment!

Just look at all of the pre-made Ice Cream Industry charts and graphs included in The Ice Cream Business Plan! You’ll get:

  • The Global Ice Cream Market Segmentation Percent Share by Volume
  • The United States Ice Cream Market Volume
  • The Pricing Schedule
  • The Impressive Promotional Budget
  • The Powerful Sales Forecasts
  • The Competitor Ice Cream Market Share Graph
  • The Competitor Profile Matrix
  • Plus, The United States Ice Cream Market Forecast for the next 5 years!

(Busy bankers and investors favor visuals over text.)

Save Time and Money While Avoiding The Stress of Starting from Scratch!

Don’t wait another minute. Discover the foolproof way to create a powerful, customized business plan in minutes! It’s the same business plan template that has already guided hundreds of other successful ice cream business owners – and it can help you achieve success, too!

Read The Top 5 Reasons Why I Believe The Ice Cream Business Plan Is Right For You

In doing our research for developing this product, we enlisted the help of a professional review team. This review team was made up of:

  • A well respected banker with 25 years of lending experience.
  • A professional business plan writer with over 10 years of experience.
  • A former vice president of franchise operations for one of the nations largest fast food chains and founder of several successful businesses.

These business plan and food industry experts purchased every business plan product on the market and thoroughly examined and evaluated each one.

During this review process, our business plan experts recognized a tremendous opportunity to offer a product that both met and exceeded the standards currently set and did so while being specifically hand-crafted for the ice cream industry.

Here are the top five reasons why The Ice Cream Business Plan is the perfect plan for you

It’s Written From Scratch Specifically for the Ice Cream Business

Your plan is professionally researched and created from the ground up with all of the necessary details and relevant data that the bankers and investors require.

This means that you don’t have to worry about customizing a generic business plan to meet your needs and wondering what belongs or doesn’t belong because of your industry. That alone saves a lot of time and takes the stress out of this important part of your business process.

It’s Properly Formatted the Way Investors, Partners and Banks Want It

Bankers, partners and investors require business plans within a standard format and length. In addition to overall plan length, section content and length are also critical.

The Ice Cream Business Plan adheres to best practice business plan writing standards which makes the bankers happy and makes it easier to attract the funds you need.

We’ve Cut The Fluff

A business plan should be clear and concise, illustrating your business’ feasibility. Any irrelevant information is frowned upon.

All too often, business plans will suffer from well-intended “bloat” spurred on by a desire to look like the plan “has it all together”. The end result is a document that is far too long containing details that just weren’t need.

The Ice Cream Business Plan focuses on what’s important, leaving the fluff for the pillows.

It’s Fully Researched with Up-to-date Data and Statistics from Reliable Sources

The Ice Cream Business Plan was developed and researched using trusted, contemporary resources and market data.

All of the difficult to find industry research has been gathered for you – with statistics, forecasts and market data saving time, effort and stress.

When you build your ice cream business plan with real research from accurate sources, you’re free to focus on all of the other startup tasks at hand.

It’s The Only Plan Offering an Iron Clad, 60-Day Money Back Guarantee

Some might call us crazy for offering a 60-day money back guarantee on a business plan. That’s ok. We want to make sure that each and every customer is completely satisfied with their purchase.

If you’re not completely satisfied with The Ice Cream Business Plan, for any reason, we’ll refund your money.

With hundreds of happy customers after over two and a half years of business, we are dedicated to providing the highest quality of product and stand behind each and every purchase.

So what are you waiting for? Download The Ice Cream Business Plan right now – and have a fully customized, power-packed business plan tonight. Stop worrying. Cross this off your to-do list today.

Download this Incredible Ice Cream Business Plan, right now! Click Here.

Or continue reading to learn more …

“Want to Know What Other Ice Cream Entrepreneurs are Saying about The Ice Cream Business Plan?”

Our customers have written to us praising this powerful business plan template kit. Take a look at what they’re saying:

“The financials were incredibly helpful.”

I do not have a finance background at all, but looking at the financials and seeing what was important really has taught me how to think about things from that angle. Very helpful.

I would recommend the business plan as a tool to help get focused; it’s definitely a great outline and the financials are essential and well done.

Jennifer Dundas Brooklyn, New York

“It Helped Me Organize My Business!”

The business plan helped me generally organize the overview for my ice cream dipping store. I found it to be a helpful guide to getting a handle on the overview of creating a retail ice cream store.

Daria Castiglione Denver, CO

“Is The Ice Cream Business Plan Right for Me?”

The Ice Cream Business Plan is designed to accommodate all of the most common ice cream industry situations.

Do any of the following situations describe you?

  • Considering the Benefits of Launching Your Own Business?
  • Starting a Traditional Ice Cream Parlor?
  • Buying an Existing Ice Cream Parlor?
  • Need to Objectively Assess Your Current Business?
  • Launching a Gourmet Micro Batch Ice Cream Shop?
  • Looking for Growth or Startup Capital?
  • Selling Your Multi-Parlor Chain?

Regardless of your particular situation, The Ice Cream Business Plan offers the essential groundwork you need to create a customized plan that will impress investors, lenders and potential partners as well as help you plan for the success of your shop.

System Requirements

The Ice Cream Business Plan is easy to use and only requires Microsoft® Word (or iWork, for those on a Mac), Microsoft® Excel and Adobe Acrobat (a free program).

“How Much Does The Ice Cream Business Plan Cost?”

You would expect to pay $2,000 to $10,000 if you hired a consultant to research, write and design a professional business plan for your new ice cream shop. But, let’s face it. Unless you already have extensive capital, that just isn’t an option.

You can take the short-cut and buy a generic business plan software program. But this lacks the refined industry research necessary to gain a true market outlook. You also face the risk of frequent typos, which translate into instant rejection from any legitimate bank or lender.

But The Ice Cream Business Plan gives you everything you need for hundreds or even thousands less than you’d pay for other solutions on the market.

Get a professional, well-researched business plan that can be specifically customized for your ice cream business at our low introductory rate of just $247.00 .

You’ve arrived at this page just in time to take advantage of my Special Offer…

Special Offer

For a limited time only!

We’ve just updated The Ice Cream Business Plan for and, for a limited time, are offering it at a special price of only $47 (Save $168.00)!

100% Satisfaction Guarantee – Risk Free!

If, for any reason, you’re not completely satisfied with The Ice Cream Business Plan , simply return it for a complete refund within 60-days – Risk Free. If you don’t like it – you won’t pay for it. Period. You have nothing to lose.

Plus You’ll Also Get These Incredible Bonuses for FREE

($488 value – yours free), free bonus pack #1, getting started guides and checklists, ($197 value).

The ice cream success guide is filled with over 45 pages of ice cream industry tips and secrets to success. This comprehensive guide is loaded with critical business information on the following topics:

  • Business Plan Writing Guide – Get a breakdown of what each business plan section should include and what mistakes to should avoid when writing a plan!
  • Store Layout and Design – Get exclusive shop layouts and learn what works – and what doesn’t!
  • Site Selection and Location – Find out how to pick the best location to make the highest profits!
  • Lease Agreement Sample – Get an easy-to-use lease agreement template and save thousands on attorney fees!
  • Permits and Licenses – Learn which permits and licenses you’ll need to open shop!
  • Health and Safety Requirements – Find out what they are and how to stay in compliance so your shop doesn’t get shut down.

Free Bonus Pack #2

An audio recorded interview on systemizing your business, ($147 value).

Operating an ice cream shop can demand long grueling hours of your time. However if you put operational processes in place, you can hire others to run your shop.

Then you are free to take time off and enjoy being an entrepreneur and the money you make.

In this audio interview, Peter Bowen reveals how to systemize your ice cream shop so you don’t have to be there everyday . No small business owner should ever again be a slave to their business.

We own businesses to support our lives but too often it seems that our lives and happiness are the fuel for the engines of commerce.

soft ice cream business plan

About Peter Bowen

Peter has been an entrepreneur since childhood when he sold ice creams off a homemade ice cream cart at 12 years old.

Peter has always been driven, a hard worker, he graduated Cum Laude and is a registered Professional Engineering Technologist. His engineering background has led him to become a systemizing expert.

He recently bought an ice cream shop and systemized all of its process in order to begin selling the shop as franchises.

Free Bonus Pack #3

Ice cream equipment and supplier directory, ($47 value).

We’ve compiled a complete 22-page list of topnotch vendors, suppliers and equipment providers. It’s all yours, complete with phone numbers, Web sites, e-mail and physical addresses. You just need to pick up the phone and start calling.

Free Bonus Pack #4

25 commercial ice cream recipes, ($97 value).

Do you plan on making your own ice cream at your shop? In this incredible bonus we’ve included 25 Commercial Ice Cream Recipes for you to try out and make your own. Find out how to make ice cream they’ll crave over-and-over, from simple vanilla to Nutella and almond!

Free Bonus Pack #5

Complete small business administration (sba) loan kit, (a time-saving value).

If you need financing, the Small Business Administration (SBA) can help, but they will want to see your business plan first.

The Small Business Administration (SBA) loans millions of dollars a year to small startup business and you may qualify. For your convenience, we’ve gathered all the documents you need to apply for funding to help you launch your business from the SBA web site.

  • SBA Personal Financial Statement – Organize your financial picture to help you determine what assets you have that can help secure a loan and get you the startup capital you need.
  • SBA Loan Application – A complete SBA loan application that you can review, fill out and submit to the SBA.
  • SBA Statement of Personal History – To help assess your loan this is a key document requested by the SBA.
  • SBA Business Size Determination – When making loans the SBA seeks small businesses. This document can help you determine if you would qualify.
  • SBA Checklist – A complete checklist of the items required to process your SBA loan application.

Free Bonus Pack #6

Interview with jim ross of flat pennies.

Flat Pennies

Flat Pennies is an ice cream shop with a very unique concept built around the purchase of a caboose. Learn how Jim Ross turned his ice cream shop into a tourist destination and made his dream a success by:

  • building customer loyalty and unique atmosphere through a creative concept and branding
  • thoroughly researching the market and location and basing the business around it
  • developing ways to keep costs of good low
  • Learn valuable tips from a successful ice cream shop owner through this inspiring interview!

Free Bonus Pack #7

Interview with deborah lee- ice cream shop owner and consultant.

Deborah

Deborah has run a profitable ice cream shop for over 20 years and has consulted others on how to start and grow their own business. Deborah explains:

  • the benefits of hiring a consultant when getting started
  • the top 3 things she wishes she did differently when opening her shop
  • the best promotions and most cost effective advertising for an ice cream shop
  • strategies for deciding the best amount of employees to hire and how much ice cream to make

This interview is like getting consulting advice for free!

All of these bonuses ($488.00 value) are yours free!

“includes a lot of the specific i’ve been looking for…”.

WOW! Great stuff in these bonuses. They explain a lot about subjects I didn’t understand clearly, and include a lot of the specifics I’ve been looking for. Looks like you spent a great deal of time documenting the details!

“So, What’s The Catch? Why am I Selling ‘The Ice Cream Business Plan ‘ for Less Than $197, or even $100?” Well, for one simple reason.

Since you will be accessing The Ice Cream Business Plan directly via the Internet, I have no inventory or order fulfillment costs. There’s no shipping department, no receptionist, no materials, etc. I only have to worry about online costs.

Therefore, I can pass those savings on to you. This is win-win for both of us! I save in costs and you save in price and still get the quality business plan you can be proud to show any investor or bank!

You can be editing this business plan and be well on your way to owning your own ice cream shop in 5 minutes! Even if you have never downloaded something from the Internet before, it comes with instructions and it’s so easy!

The files are small so it takes less than 2 minutes to download (on the slowest dial up Internet access) and it won’t kill your computer’s storage space.

  • Zero shipping costs.
  • No waiting time, forget having to wait weeks for postal delivery.
  • No risk of products lost in the mail or damaged.
  • You receive the business plan at a lower price because it costs us less to produce.

Yes! Please Provide Me Access To The Ice Cream Business Plan Member Area.

>> I understand that this order will include the fully customizable Ice Cream Business Plan .

>> I understand that I’ll also receive the Incredible Bonuses ($488 Value) absolutely free!

>> I understand that I will get IMMEDIATE ACCESS to The Ice Cream Business Plan and bonuses.

>> I understand that the order process occurs via an industry-leading secure server and that my ordering information is completely safe.

>> I understand that I have the choice to pay the one-time only fee of just $47.00 with my Visa, MasterCard, American Express, Discover or PayPal.

>> I understand that if I’m not completely satisfied, I can return my purchase for a full refund within 60-days.

soft ice cream business plan

Thanks for your interest in The Ice Cream Business Plan ! In ordering, you’re making one of the best decisions you’ll make all year. This solution continues to help thousands of ice cream shop owners and entrepreneurs, simplifying business plan development and helping them achieve their revenue goals.

If you have any questions regarding our business plan, please e-mail me at [email protected]

Wishing You Success in Your Ice Cream Business Ventures,

signature

Jason Lexell Founder of the IceCreamProfits.com

P.S. If you came to this Web site looking for information on how to make money in the Ice Cream business, this plan is for you. No other customizable plan and resource offers such professional, in-depth insight into this exciting industry. And you can order it here right now!

P.P.S. We’ve made sure you’ve got plenty to gain and nothing to lose with our 60-Day Risk Free Money Back Guarantee. PLEASE NOTE: This price may not last long! Gain the planning advantage you’re looking for and order it now before the price goes up!

P.P.P.S. Don’t wait! Opportunity favors the well prepared. This business plan and the amazing bonuses included will help you cement your vision and guide you on your way to making your ice cream dream come true.

     

  • Training & Education

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Ice Cream Business Model – Plan, Ideas & Setup Cost

Nobody wants to miss out on enjoying ice cream on random occasions, gatherings, and even holidays, whether it’s winter, summer, or monsoon. Ice cream is more of a preferred consumable, with high demand all year round but especially in the summer. Since India’s dairy industry has developed a footing and the temperature is sweltering, the ice cream business can be an attractive retail food venture. The younger generation’s preference for eating outside is the key cause for the increased demand for ice cream shops.

Amidst intense competition and the launch of new brands nearly every month, the ice cream sector is doing exceptionally well. Because an ice cream store focuses on a particular type of food, the cost of the ingredients is comparatively inexpensive. Aside from that, ice cream shops are often small enterprises, thus compared to other restaurants, the cost of renting a space and covering utility costs may also be minimal. Let’s proceed with the factors to consider while thinking how to start an ice cream business.

ice cream business model

Is it necessary to create a strategic plan for my ice cream parlour?

The ice cream industry is incredibly competitive. It is relatively simple to find ice cream-focused brands, fast food chains that provide the dessert, and individual vendors. Not every brand or up-and-coming ice cream business will likely dominate the market share.

You’re on the correct track if you’re considering opening an ice cream parlour business. According to a recent FICCI analysis, the market for frozen desserts and ice cream would reach a whopping 1 billion USD by 2022. The survey also demonstrates that the demand for ice cream in India is rising annually. Therefore, we can say with confidence that an ice cream store business strategy can be quite profitable if planned well.

In an ice cream shop, different customers have different needs. Some prefer the classic version without exotic flavours or new trends like nitrogen. While some customers might prefer a more exclusive experience. Regardless of current trends, creating a business plan for your ice cream parlour is crucial to help you identify the type of facility you want to create and the genre you are considering while keeping in mind your target demographic, location, and other crucial logistics.

This article will show you how to start an ice cream shop in India. If you want to know if an ice cream business plan is the best option for you, keep reading.

Step 1: Market Research

Launching a profitable ice cream business starts with careful market research. Ice creams are no longer considered a cheap delight offered from carts by local vendors. Ice creams are currently in the top tier of sweets. There is a huge market for upscale ice cream shops, unique flavours, and nutritious ice cream delights. You must grasp the potential of the neighbourhood market before creating an ice cream business plan. Conduct market research to learn about local consumers’ expectations, the options currently on offer, and what’s missing. Your business’s path will become clearer as a result of this.

Also, read – 25 Food Business Ideas in India [With Low Investment]

Step 2: Choose the Format of Business

There are different kinds of ice cream shops like small take-out-only kiosks at malls, on beaches, and in other heavily populated areas

takeout/sitting restaurants, or specialized or theme-based ice cream parlours. Choosing the ice cream business model is the first step. After you have assessed the format, the following step is to decide whether you wish to make ice cream and market it under your own name or choose a franchise model where you sell ice cream from a different company.

Step 3: Make a list of the products you want to sell.

You don’t have to build a thorough menu at this point, but it’s a good idea to have a general concept of the types of ice cream items for a shop that you want to sell. Ice cream is a broad term that covers a variety of flavours, including:

● Ice cream with real milk

● Slim-down ice cream

● Ice cream in prepackaged form

● Ice cream treats

● Frozen yogurt

● GelatosSorbets

● Cakes with ice cream

● Milkshakes with ice cream, etc.

After selecting your products, you can concentrate on other ice cream business ideas like store layout, marketing strategy, menu, etc.

ice cream parlour

Step 4: Determine Your Store’s Location

In marketing lingo, ice cream is classified as an impulse purchase. As a result, people frequently buy ice cream on the spur of the moment. It is advantageous to have a store with a high footfall. People are probably tempted to make a purchase when they see others buying your product and enjoying it. Here are some ideas to have in mind while you look for a place for your ice cream shop:

● Optimum visibility to lure passersby.

● Look for stores that have sizable see-through glass to maximize the appeal.

● Ice cream shops do well in malls because of the constant foot traffic.

● A minimum of 400 to 500 square feet is required. If you want to set up a fancy café, you should look for parlours with at least 2500 to 3000 square feet.

Once more, the amount of space needed will depend on how your ice cream shop is set up. You will require additional space for the kitchen, cleaning spaces, etc. if you are creating ice cream in-house in a commercial kitchen.

Step 5: Purchase Equipment and Hire Employees

The machinery and ice cream shop equipment make up the bulk of an ice cream shop’s investment. The franchiser will take care of all the equipment and machinery if you wish to open an ice cream shop under their ownership. The franchise fee includes the cost of the equipment.

You will need to buy the following items in this ice cream shop equipment list if you’re starting your own brand:

● Industrial ice cream makers

● the deep freezer

● Refrigerators

● cabinets for storage

● cabinets for dipping ice cream

● packaging supplies

● plates and cutlery for serving

● chairs and tables

● a silent generator and UPS for constant power backup

● POS billing software

The following stage is to assemble your team. You will need to hire ice cream chefs, kitchen staff, serving crew, cleaners, etc. depending on the store style. Take a specialist ice cream-making course to gain knowledge of the process’s technicalities if you wish to manage the firm yourself.

how to start an ice cream business

Step 6: Plan Your Costing and Profit Margin

A reasonable ice cream parlour setup cost of the equipment needed for an ice cream shop includes a Cold Stone refrigerator (Rs 2-2.5 lakhs), a 500-litre chest refrigerator (Rs 40,000), storage cabinets and cutlery (Rs 30,000), raw ingredients and packaging (Rs 1-1.5 lakhs), and miscellaneous (Rs 50,000). Power backup is important for an ice cream shop because melting ice cream is the main source of waste in these businesses. Ice cream can be kept for two hours in a good refrigerator, but if there is a power outage that lasts for several hours, you are in trouble. So keep in mind to choose a top-notch quiet generator. This is available for less than Rs 1 lakh.

Since ice cream falls within the food category, all the permissions needed are relatively similar to those of a QSR : shop establishment licenses, FSSAI licenses, local municipal authority licenses, and fire licenses. A total of Rs 50,000 ice cream shop start-up costs are expected. To obtain the necessary permissions, it is usually advisable to seek out professional help. Since the process takes a lot of time, you can focus on other business-related tasks. Since ice cream is typically eaten as a dessert, the peak hour for ice cream sales is from 9 PM until midnight. To operate your ice cream shop until the wee hours of the morning, obtain the necessary licenses. The license Required are-

● Sales tax Registration

● FSSAI License

● GST Registration

● Firm Registration

● Business Pan Card

● Trade Mark & Trade License

Also, read – What licenses are needed to start a restaurant in India

How much of a profit margin should I maintain in my ice cream shop?

Ice cream should have a profit margin of between 30% and 40%, but this depends on your market as well. Consider that you have developed your own brand and are producing and marketing ice cream under this name. In that case, you must estimate making costs and other related expenses before calculating the profit margin. Your ice cream’s selling price also depends on a number of other things. Your ice cream shop’s profitability will be greatly impacted by its location.

The location is very important in increasing your revenues. The profit margin for franchise owners, that is, if you have accepted a franchise to sell another brand’s ice cream, can be a little low because a specific proportion of the total sale amount is to be given to the main ice cream factory. The profit margin in the ice cream manufacturing industry will vary since each company will have a different cost of production, but on average it ranges from 15% to 35%.

Step 7: Incorporate Selling Tactics

If you are thinking how to improve ice cream business, check out these smart selling tactics to increase your ice cream business revenues-

● Promote Your Store – Posting pictures of your delicious ice cream delights on Instagram and other social media apps is the most effective way to sell your ice cream parlour. The ideal strategy to attract ice cream lovers to you is to share your best pictures and urge your customers to leave reviews.

● Offer discounts and deals – Customers will swarm to your ice cream parlor in droves if you provide deals and discounts. You can provide discounts for children to encourage parents to spend more money on ice cream. A wonderful strategy to get rid of extra ice cream is to offer two-for-one deals or “happy hour” discounts on particular ice cream varieties.

● Increase your sales volume – Another excellent technique to boost ice cream store income is to sell ice cream by gallon or pint. People enjoy purchasing ice cream to store and eat later. You can sell it “off the cone” to boost ice cream sales.

● Distribute samples – Never underestimate the power of a free-tasting sample. Free samples draw a flurry of customers when offered. Once they’ve tasted the delectable pleasure of this creamy delight, many customers find it difficult to resist buying ice cream.

The Last Step: Opening Your Parlor to the Public

There you go. You have now mastered the fundamentals of starting an ice cream business. Just keep in mind that these are the basic rules. Along the journey, you’re likely to face further challenges. But keep going; concentrate on what you love. Always keep in mind your aspirations and the primary driver behind your decision to open an ice cream shop. Follow your heart, use your imagination, and open a unique ice cream shop that stands apart from the competition.

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    A Hard Case for a Soft Serve Business Soft serve ice cream has been around since the 1930s, but who first created it is still up for debate. One ice cream mogul who claims to have created to soft, delicious treat is Tom Carvel. Over Memorial Day weekend in 1934, his ice cream truck suffered a flat tire on the outskirts of New York City.

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