Profitable Rita's Seller Lives 45 min Away Lots of Growth!

Allen, TX (Collin County)

Profitable Rita's Seller Lives 45 min Away Lots of Growth!
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Asking Price: Get Financing: $18,000

Cash Flow: $29,800

Gross Revenue: $153,248

EBITDA: N/A

FF&E: $25,500

Inventory: $1,500

Lease Rate: $2,530 /Month

Established: 2011

Profitable Rita's Seller Lives 45 min Away Lots of Growth!

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Business Description

Must sell asap. We had a buyer submit an offer and seller accepted and began the process to move only to have the buyer vanish and leave him in a very tight spot. It is critical that he sells asap and has asked me to reduce the price to below asset value and cash flow. This is a steal! He needs $18,000 plus the $15,000 transfer fee and it is yours. Total price $33,000! Needs to Relocate! now

Seller has been passing up business throughout his markets including Stadium deals and other large event venues, due to him being located 45 min from his markets.

This is a great opportunity for a new owner who lives in the market. The current owner lives 45 minutes away and has small children which hinder his ability to grow the business. You can take advantage of his situation and own this Rita's Italian Ice in an incredible market.!

The deal comes with Rita's shop along with a mobile unit and license for 2 additional mobile units! That is 2 units for the price of one with 2 more available to expand.

How do you know when a franchise brand is doing well for its franchisees? Look at how many are being resold. For 600 plus locations, Rita's has one of the lowest numbers of available resale opportunities of a franchisor. People who own Rita's tend to keep them longer because they generate such good returns.

From a front porch in Philly to an international presence, Rita’s Italian Ice franchise has become one of the most beloved frozen treat businesses in the world! Compare Rita's Italian Ice businesses to any of the ice cream and yogurt opportunities out there and you will see why this 34-year-old franchise is the favorite over all others.
• Nation’s No. 1 Franchise Among Specialty Ices – Entrepreneur
• Top 100 in Entrepreneur’s Franchise 500
• Top 25 Franchise High Performer – Wall Street Journal
• Best Custard/Ice Cream – Zagat’s
• No. 2 among “Chains ranked by likelihood of customer return” – Nation’s Restaurant News

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
6/9/2021
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located off of major highways in a high traffic shopping center containing several anchor stores like Staples, Hobby Lobby, S.S. Noah Childcare Center, Tom Thumb and others which feed customers to the business.
Growth & Expansion:
The business is profitable operating under a minimal use of assets. The opportunity comes with a brick and mortar location a mobile unit and two additional mobile licenses. The owner is doing very little outside events. New owner can increase profits by utilizing the mobile unit as well as add the two other licenses. Seller has passed up numerous stadium events due to him living 45 min from the business.
Support & Training:
Full support and training from the franchise.
Reason for Selling:
Relocation & Seller has small children and lives 45 minutes from the business
Franchise:
This business is an established franchise
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Contact the Seller

(from currently available funds)
 
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John Allen Dees

Business Listed By:
John Allen Dees

sbdees

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