Owner Financing is Available!
Business Overview:
Successful fast food franchise in an active commercial area of Eastern Pennsylvania with a huge population of residents and businesses and close to a major intersection. This location has onsite parking in an urban heavy vehicle and pedestrian traffic neighborhood. This business opportunity affords the owner to take off 3 to 4 months yearly. The facility is close to a new active public school with thousands of young students. Rita s originated in 1984 and has now developed to a well know company with 561 locations in 18 states. This location was opened in 1999 with a new design and this location is opened from March 1 to October. Rita's has been consistently ranked as a top desert franchises in
the United States. The products that are offered include water ice, Gelati s, Minto s, Blendini s, pretzels, and water. This store has had a yearly increase in sales each year of operation and expects a substantial growth for the 2012 year. The sale includes a full commercial kitchen specifically for this Ice food product, refrigeration, POS computer system, numerous displays, etc. The facility has a Fast Food walk up counter which serves a large volume of customers. Parking: Ample private and municipal parking is available and part of the lease agreement. The business is active seven months yearly with hours from 11:00 am to 9:00 pm, seven days per week. The business requires franchise approval to serve this food product. The sale includes a long term corporate lease agreement with a yearly rent of $17,500. Public utilities, water, gas, electric, telephone and a complete expense list are available. The business has a substantial markup due to the low cost of goods with an average gross margin of 70%. The present owner is absentee and will offer training and post closing assistance to the new owner.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
The franchise and seller will supply a non compete agreement for this particular location.
Reason for Selling:
Absentee owner and in an alternative industry.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
Resources: