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Profitable Rita's Must Sell Incredible Deal!

North Lima, OH (Mahoning County)

Profitable Rita's Must Sell Incredible Deal!
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Asking Price: $150,000

Cash Flow: $38,000

Gross Revenue: $173,000

EBITDA: N/A

FF&E: $85,000

Inventory: N/A

Rent: $1,150 /Month

Established: 2006

Profitable Rita's Must Sell Incredible Deal!

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Business Description

This is a 1st class standalone Full Size Rita's Italian Ice located at a busy crossroads. The Ritas was open in 2006 and has been owner operated since opening. Open March 1st - Oct 31st it is the first Rita's designed to have all three "Points-of-Sale"
#1) Two Dual Walk-Up Windows, with a 28 seat patio, 4 Selling Points (max), 2 Cash Register
#2) Indoor Lobby, with 12 seats, 1 Cash Register
#3) Drive-Up, with Order Board around back and Drive-Up Window on the side of the building, 1 Cash Register

The seller is offering two options for purchase. They can purchase the brick and mortar location as well as the mobile unit which has been greatly discounted, or they can purchase the brick and mortar only. The mobile business has the potential to generate an additional $40,000 in sales depending on how many events the owner does.

Due to a serious health issue, the owner is forced to sell. This is a very serious illness and forced her to not open the business for several months, she must sell quickly which means at a greatly reduced price. The listing price includes the mobile unit and a new 10-year license. The brick and mortar location has generated sales from $215,000 range and the additional mobile unit can bring them well over $250,000 but she has not operated the mobile unit for 2 years.

Optional: Included in Asking Price
The mobile unit includes a Nelson Cart + Cold Plate Freezer, 7x14 Trailer + fairly low mileage 2010 F-150

Detailed Information

Location:
North Lima, OH
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
4/2/2026
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located at crossroads of a busy highway.
Competition:
The business serves the community and offers a great deal of upside when the mobile unit is operated.
Support & Training:
Rita's will give the new owner full training.
Reason for Selling:
Very serious illness
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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