A broker sent him a listing: The founder of Novel Ice Cream, which owned two local scoop shops in Arizona, wanted to sell. The parties agreed on a $1.1 million purchase price for Novel. "They really liked the idea, and so they graciously put down the $110,000, which was 10% of the purchase price, to buy [it]." Allard bought the scoop shops — located in Phoenix and Mesa, respectively — in August 2023. "I'm living way below my means so I can invest as much as possible back into my business."

---

Persons: Shawn Allard, Allard, He's Organizations: Small Business Administration, CNBC Locations: Arizona, Phoenix, Mesa