Franchise Opportunity Rita’s Italian Ices in NY

Middletown, NY
Orange County

Asking Price: Annual Revenue:
$125,000 $170,000

Food & Beverage: Coffee, Cafe, Dessert

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RE: Franchise Opportunity Rita’s Italian Ices in NY Broker: Ron DeMara
Owner Financing is Available!
negotiable for the right person

Quick Facts

Asking Price: $125,000
Annual Revenue: $170,000
Net Profit: Not Disclosed
Cash Flow: $24,000
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 12
BBN Listing #: 8755344
Broker Reference #: 3324

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Business Overview:

Great opportunity to get into a Rita’s Italian Ices Franchise, This is a retail dessert franchise and has been operating since 2003. This is a family destination for dessert and family gatherings. They have over 1700 followers on their Facebook page. Rita's is well known in the community. Best in the area and they have only been open since summer of 2016. Great opportunity to have fun and only work part time.

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Property Features and Assets:

The store is a 1500 square foot, free-standing building located in a plaza with a Rite-Aid Pharmacy and the landlord's Storage Facility.

Market Competition and Expansion:

Middletown Area including Minisink school district, upper Goshen and clients as far as Pine Bush. Large traffic base from the local market as well as the College up the hill. The Market is stable and future growth is immanent. A major Amusement Center, Legoland has been approved to build and will be less than 10 miles away. Resort World Casino and Resort is opening in the spring of 2018 and will bring a large amount of tourists to the Orange & Sullivan County areas

Reason for Selling:

seller may be moving out of the area

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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