Established Rita's Italian Ice - Foley AL

Foley, AL
Baldwin County

Centrally located to serve area


Asking Price: Annual Revenue:
$60,000 $209,307

Food & Beverage: Coffee, Cafe, Dessert


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RE: Established Rita's Italian Ice - Foley AL Broker: John Allen Dees

Quick Facts

Asking Price: $60,000
Annual Revenue: $209,307
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $74,700
Real Estate: Not Disclosed
Year Established: 2013
Employees: 5
BBN Listing #: 227944695
Broker Reference #: BBN-Ritas-FAL

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Business Overview:

PRICE REDUCED!! BELOW ASSET VALUE.

This is an absentee owned and manager operated Rita’s Italian Ice located in Foley AL. It is a beautiful Rita's currently serve approximately 250 customers per week. The location and established presence in the community makes this an attractive opportunity.

The Rita's located in Foley AL has been operational for 8 years.

The opportunity is unique as the owners are hands off and pay a manager $40,000 per year to operate the business.

The shop also serves as a commissary to support the included Rita's mobile assets which allow for offsite Italian Ice sales throughout the Foley community.

The owners wish to sell the franchise with all assets including the mobile unit and trailer, truck, mobile cart and one mobile license to others who are energetic and wish to make this business thrive.

The owners wish to sell the franchise with all assets including the mobile unit and trailer, truck, mobile cart and one mobile license to others who are energetic and wish to make this business thrive.

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Property Features and Assets:

1600 sq foot shop. Lots of parking. located ½ mile from the Foley Sports Tourism OWA Parks & Resort, and has been serving events there since their inception, 2017. The offer also includes access to additional beach (pool side) resorts for mobile sales.

Market Competition and Expansion:

Rita’s Italian Ice Foley AL is centrally located in Foley, Alabama. The location is excellent for serving the Foley market! The 1,400 sq foot shop has seating for 20 guests and strategically situated between Tanger Outlets and Publix, in the heart of Foley. The surrounding businesses ensure constant traffic in the area and customers to the Rita's. The shop also serves as a commissary to support the included Rita's mobile assets which allow for offsite Italian Ice sales throughout the Foley community. The Rita's mobile units allows you to sell Italian Ice at events taking place at parks, sports fields, parties, and concerts. Rita's Foley is located ½ mile from the Foley Sports Tourism OWA Parks & Resort, and has been serving events there since their inception, 2017. The offer also includes access to additional beach (pool side) resorts for mobile sales.

Reason for Selling:

The sellers are operating and spend their time wit

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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