Beautiful Rita's Italian Ice Excellent Market!

Glendora, CA
Los Angeles County

Located at intersection of major roads

Asking Price: Annual Revenue:
$55,000 $143,325

Food & Beverage: Coffee, Cafe, Dessert

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RE: Beautiful Rita's Italian Ice Excellent Market! Broker: John Allen Dees

Quick Facts

Asking Price: $55,000
Annual Revenue: $143,325
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $73,220
Real Estate: Not Disclosed
Year Established: 2015
Employees: 6
BBN Listing #: 661544695
Broker Reference #: BQ-Rita-Glen

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Business Overview:

This is a beautiful Rita's Italian Ice located in the Glendora CA market. The shop was opened in 2015. It is open 12 months out of the year.

The business sits in a prime location serving Glendora and situated on the corner of Barranca Ave. and W Historic Rte 66 one block from the Citrus College Stadium. The shop is surrounded by apartments and neighborhoods. You could not ask for a better location to serve. The business comes with 3 mobile licenses that are not being utilized by the current owners. These licenses allow for the business to have 3 additional locations in the community to take advantage of special events.

It is priced to sell at a fraction of the value of the assets and the three mobile licenses alone are worth more.

The owners purchased a year ago but are going through some family issues and forced to sell.

Rita’s Italian Ice serves two core products in creative combinations: Italian ice and frozen custard. That alone makes Rita’s unique among all the frozen dessert and ice cream franchises out there; no one else offers what Rita’s offers to their guests.

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Property Features and Assets:

Located at the intersection of two major roads a block from two colleges and several elementary schools. It is surrounded by apartments and neighborhoods.

Market Competition and Expansion:

There is an untapped opportunity available that the current owners did not use. They have three mobile unit licenses not being used. This will allow you to operate three additional locations in the community.

Reason for Selling:

Family issues

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.

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