Profitable Rita's Italian Ice Fairhope AL

Fairhope, AL (Baldwin County)

Seller Financing Available
Profitable Rita's Italian Ice Fairhope AL
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Asking Price: $59,000

Cash Flow: $4,130

Gross Revenue: $91,535

EBITDA: N/A

FF&E: $150,000

Inventory: $7,000

Established: 2014

Profitable Rita's Italian Ice Fairhope AL

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Business Description

**Major Price Reduction
The franchise Area Developer has been doing very well developing within the State of AL and Panhandle of FL.

Asset value over $150,000
Rita's Italian Ice area developer for FL and AL Panhandle is selling his absentee owned and operated Fairhope location. The deal the full-size brick and mortar shop in Fairhope AL and comes with a mobile unit and an additional mobile license. The deal also includes additional mobile unit licenses that can be opened in the market.

Due to the shop being absentee operated location the owner has not even scratched the surface of opportunity the market offers. This is especially so with the mobile unit. They have not taken advantage of the events taking place in Fairhope throughout the year. We were just informed that they sold the markets in Tuscaloosa and Huntsville, so new locations will be opening in those markets this year! Buyers are looking at other markets and the AL and FL Panhandle are hot markets!

Get this location while you can! Purchase a fully operational profit-generating market needing owner oversight to grow to its full potential. IN ADDITION to the brick and mortar location in Fairhope, you receive a $10,000 mobile cart with TWO mobile licenses valued at $10,000!

The Mobile sales are pretty much untapped as the Seller has been operating absentee and not had time to focus on the offsite sales. In comparison, offsite mobile sales at other locations they own have generated $35K to $50K in additional sales at a higher margin than sales. As noted the Fairhope market has been operating without Owner oversight and without taking advantage of the full potential of the mobile cart or activation of the additional mobile license.

Detailed Information

Inventory:
Included in asking price
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fairhope location is located in an easy to reach shopping center off of major highways. Surrounded by residential neighborhoods, churches, schools and commercial businesses. The shopping center is in the process of having upgraded anchor tenants added. PetSmart and Hardee's soon to be converted to Starbucks. These businesses will increase traffic in this shopping center dramatically.
Growth & Expansion:
The business is profitable operating under a minimal use of assets with an absentee owner. The opportunity comes with two brick and mortar location and a mobile unit and an additional mobile license. The owner is doing very little outside events. New owner can increase profits by utilizing the mobile unit and working in one of the locations
Financing:
Possible to qualified buyer with 50% down.
Support & Training:
Full support from Franchisor and area developer
Reason for Selling:
Area developer expanding
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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