Profitable Rita's Italian Ice Fairhope & Foley AL

Fairhope, AL (Baldwin County)

Seller Financing Available
Profitable Rita's Italian Ice Fairhope & Foley AL
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Asking Price: Get Financing: $143,000

Cash Flow: $23,422

Gross Revenue: $279,683

EBITDA: N/A

FF&E: $250,000

Inventory: $7,000

Established: 2014

Profitable Rita's Italian Ice Fairhope & Foley AL

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Business Description

HUGE ADDITION TO DEAL! GET TWO for PRICE OF ONE!
SELLER ADDED A SECOND PROFITABLE RITAS SHOP!
**NEWS UPDATE
Get these locations while you can! We were just informed that the owners sold the markets in Tuscaloosa and Huntsville, new locations will be opening in those markets. The opportunity here is you can purchase 2 fully operational profit generating markets that are needing owner oversight to grow to their full potential.

Asset value over $250,000
Rita's Italian Ice area developer for FL and AL Panhandle is selling his absentee owned and operated Fairhope and Foley AL locations. The deal comes with Two full-size brick and mortar shops in Fairhope and Foley AL as well as a mobile cart, both locations opened in 2014. The deal also includes two additional mobile unit licenses that can be opened in the markets.

Due to the shops being absentee operated locations 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 and Foley throughout the year.

This includes two profitable Ritas serving the Fairhope and Foley market plus a mobile unit.

This Rita's Fairhope location was built to support full mobile operations in addition to store operations, therefore a mobile license to operate three mobile carts is included in the sale of this property. Fairhope and the surrounding communities provide significant opportunities to expand sales while opening marketing opportunities through mobile operations.

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. Foley location is in just as nice of a spot across from the outlet malls.
Growth & Expansion:
The businesses are 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. 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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