I bought an ice cream shop—now it brings in $1.2 million a year

Shawn 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.