The Main Line Rita's

Bryn Mawr, PA (Delaware County)

Seller Financing Available
The Main Line Rita's
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Asking Price: $279,000

Cash Flow: $95,000

Gross Revenue: $259,000

EBITDA: N/A

FF&E: $55,000

Inventory: N/A

Rent: $3.17 /Month

Established: 1986

The Main Line Rita's

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Business Description

The Main Line Rita's is now available

Very busy and highly profitable "walk-in" Rita's for sale. This a highly sought after store. The 3 most important factors when operating a high end retail store are location, location and location and this has Villanova, Radnor and Bryn Mawr. We are in a busy strip mall with other "feeder" restaurants and dry cleaners, across the street from Warner Park and playground. We service 9 colleges and countless other local schools which generate massive catering sales. We already have high revenue accounts with many of the local businesses and schools in addition to the busy destination and walk in traffic including "impulse buys" from surrounding restaurants. We are offering this location at an aggressive price of 1 X Revenue for a quick sale so you can enjoy the entire 2019 season. Owners are retiring and moving. Call or email for more details. Serious buyers only.

Detailed Information

Real Estate:
Leased
Building SF:
1,050
Lease Expiration:
6/28/2022
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Comes with all FF & E, POS equipment and all existing catering contacts. Everything is included except inventory which will be settled upon inspection.
Competition:
This is THE Mail Line location and the territory which comes with this location is from Philadelphia all the way to Wayne, PA. There is NO competition in the area and we are a;so the ONLY walk in Rita's with indoor seating in 20 miles. .
Growth & Expansion:
The sky is the limit for this location. We are already experiencing double digit growth year over year. 2019 expected to well surpass $300k with a 31-35% profit. At this price the business will pay for itself in less than 3 years then its ALL PROFIT.
Financing:
Rita's Corporate Office will help secure financing
Support & Training:
2 week extensive training offered at no cost and owner will stay on to train on site.
Reason for Selling:
Owners are retiring young and moving to the Caribbean to lay on the beach.
Franchise:
This business is an established franchise
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Business Listed By:
Mark Ianna

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