Divorce Sale! -Beautiful Rita's Italian Ice Excellent Market!

Glendora, CA (Los Angeles County)

Divorce Sale! -Beautiful Rita's Italian Ice Excellent Market!
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Asking Price: $20,000

Cash Flow: N/A

Gross Revenue: $143,325

EBITDA: N/A

FF&E: $73,220

Inventory: N/A

Rent: $3,506 /Month

Established: 2015

Divorce Sale! -Beautiful Rita's Italian Ice Excellent Market!

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Business Description

PRICE JUST REDUCED. DIVORCE! MUST SELL NOW!

Owners Must Sell ASAP. They have agreed to lose money in their investment but must sell.

This is a beautiful Rita's Italian Ice located in the Glendora CA market. The shop was opened in 2015. It is open 12 months out of the year.

The business sits in a prime location serving Glendora and situated on the corner of Barranca Ave. and W Historic Rte 66 one block from the Citrus College Stadium. The shop is surrounded by apartments and neighborhoods. You could not ask for a better location to serve. The business comes with 3 mobile licenses that are not being utilized by the current owners. These licenses allow for the business to have 3 additional locations in the community to take advantage of special events and sell Italian Ice.

It is priced to sell at a fraction of the value of the assets and the three mobile licenses alone are worth more.

The owners purchased a year ago but are going through some family issues and forced to sell.

Rita’s Italian Ice serves two core products in creative combinations: Italian ice and frozen custard. That alone makes Rita’s unique among all the frozen dessert and ice cream franchises out there; no one else offers what Rita’s offers to their guests.

The previous owner generated a net profit of $85,000 in 2016 and $79,000 in 2017.

Detailed Information

Location:
Glendora, CA
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located at the intersection of two major roads a block from two colleges and several elementary schools. It is surrounded by apartments and neighborhoods.
Competition:
Quite frankly locations like this do not get any better. Surrounded by neighborhoods, apartments, colleges, and schools; it sits directly in the middle of its customer base. It would be hard not to make money at this location.
Growth & Expansion:
There is an untapped opportunity available that the current owners did not use. They have three mobile unit licenses not being used. This will allow you to operate three additional locations in the community.
Support & Training:
You will receive full training and support from the franchise.
Reason for Selling:
Family problems
Franchise:
This business is an established franchise
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(from currently available funds)
 
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John Allen Dees

Business Listed By:
John Allen Dees

sbdees

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