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Search resuls for: "Shawn Allard"


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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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI bought an ice cream shop—now it brings in $1.2 million a yearShawn Allard, 27, quit his job as a dental consultant last year to buy Novel Ice Cream, which owns two Arizona-based ice cream shops. Novel boasts 12 different ice cream flavors, which can be scooped into a standard waffle cone or stuffed between either glazed donuts or Belgian waffles. The business brought in $1.2 million in 2023 sales, according to documents reviewed by CNBC Make It.
Persons: Shawn Allard Organizations: CNBC Locations: Arizona
Total: 2