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Rita's Italian Ice Franchise - TURNKEY Business Opportunity

Simi Valley, CA (Ventura County)

Rita's Italian Ice Franchise - TURNKEY Business Opportunity
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Asking Price: $149,500

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $110,000

Inventory: $15,000

Rent: $1.75 /Month

Established: 2018

Rita's Italian Ice Franchise - TURNKEY Business Opportunity

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Business Description

TURNKEY BUSINESS!

Rita's Italian Ice is a 30+ year old business that's a household name across the nation. This east coast favorite has now arrived at the heart of Simi Valley! Rita's has recently expanded to the west coast within the past 5 years and is taking the Italian Ice and Custard business by STORM! (no pun intended). Our business is simple to operate, fun with a high margin for profit. The opportunities for cash growth are endless: Fundraising, Catering, Community/Corporate Events and so much more! Our treats are centered around just TWO main ingredients: Italian Ice - a sweet, smooth frozen treat made fresh daily on location and hand scooped to order AND our award-winning Old Fashioned Frozen Custard - a richer, thicker, creamier premium alternative to soft serve ice cream, made with high-quality ingredients including eggs, cream, and sugar. We've earned top rankings year after year from trade and consumer media outlets like that of The Wallstreet Journal and Zagat! Rita's of Simi Valley is the FIRST of it's kind in the Ventura County area. So you can bet that we're the hottest, newest hype in town!

Detailed Information

Location:
Simi Valley, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
919
Lease Expiration:
5/25/2023
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3 Menu Boards (TVs), ADT Security System, 8 Security Cameras, POS System, Two RFC3 Batch Machines (Used to make the Italian Ice), One ElectroFreeze Soft Serve Custard dispensing machine, Brand New equipment valued at over 100K included in sale price
Competition:
Rita's Italian Ice caters to family and children looking for a unique frozen treat experience unlike any other brand out there. Rita's of Simi Valley is ideal for the region as the temperatures are warm year-round. We are located on one of the busiest streets in Simi Valley. We are an ideal location, centered in a busy shopping plaza, neighboring 3 high schools (one being across the street!) and we are the only Italian Ice and Custard creamery in town! We ARE the competition!
Support & Training:
Corporate training required upon signing the Franchise Agreement. Current owner's management support and consultation provided for up to 4 months upon transfer of store to the buyer.
Reason for Selling:
Owner's Relocating
Franchise:
This business is an established franchise
Business Website:
http://www.ritasfranchises.com/simivalley
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Business Listed By:
Annie Naqvi

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