Rita's Italian Ice Shop in Heights Area

Houston, TX (Harris County)

Rita's Italian Ice Shop in Heights Area
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Asking Price: Get Financing: $95,000

Cash Flow: $53,719

Gross Revenue: $277,634

EBITDA: N/A

FF&E: $294,000

Inventory: $4,000

Established: 2015

Rita's Italian Ice Shop in Heights Area

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Business Description

When the weather is hot, and it seems it is always hot in Houston, people think about grabbing a cool dessert or treat. This Rita's Italian Ice franchise offers a variety of cool treats to satisfy these cravings. Rita's franchises have been in business over 35 years and the brand name is a powerhouse in the frozen dessert space. The franchisor is here to stay and provides great training and support to its franchisees. They are known for their “made fresh daily” Italian ice, award-winning frozen custard, gelati, sundaes, and shakes. Loyal customers keep coming back for the quality products, top-notch service and family-friendly atmosphere. Consistent 4.5 star reviews on Yelp. Great location in the heart of the Heights area. Covered outdoor patio. This store is one of the top performers in the region, having increased sales every year and winning numerous franchise awards in Operational Excellence. They are heavily involved in the community and have partnerships with many local schools, businesses and sporting organizations. In addition to the brick and mortar store, the sale includes a pushcart (plus the rights for additional carts) that can be used for mobile sales at street fairs, festivals, concerts, corporate outings and private parties. Buyers have the option (for an additional purchase amount) to acquire a beautiful new food truck that the owners have built from scratch. The food truck will allow the buyer to have a much larger presence at venues around the area. It is in constant demand and is a high-margin enhancement to store sales. The truck is a rolling billboard and has proven to drive customers to the store. A focus on building the food truck business could provide tremendous growth. The sellers spent over $300,000 on initial store startup. Owners’ move out of Houston forces a sale at a price well below asset value. Ices and custards make people happy - you are always working in an environment with happy customers and happy employees. This is your chance to own a business that is fun to run and simple to operate. Picture yourself as the proud owner of a business that is well established, loved by your customers, important in the community and poised for strong growth – all purchased at a bargain price! Please refer to CBB Listing #8072FSA

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
5pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1600sf facility in shopping center
Growth & Expansion:
Increase mobile truck events. Pursue more catering sales. Acquire Food Truck and have it placed daily.
Support & Training:
Seller will train
Reason for Selling:
Owners moving
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Frank & Rose Stabler

Business Listed By:
Rose Stabler

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The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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