Business For Sale

Profitable Rita's Italian Ice Fairhope & Foley AL

Fairhope, AL
Baldwin County

Off main hwy.

Asking Price: Annual Revenue:
$143,000 $279,683

Food & Beverage: Coffee, Cafe, Dessert

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RE: Profitable Rita's Italian Ice Fairhope & Foley AL Broker: John Allen Dees
Owner Financing is Available!
Possible to qualified buyer with 50% down.

Quick Facts

Asking Price: $143,000
Annual Revenue: $279,683
Net Profit: $23,422
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $255,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 6
BBN Listing #: 13344695
Broker Reference #: BBN-Ritas-FAL

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Business Overview:

Get these locations while you can! We were just informed that the owners sold the markets in Tuscaloosa and Huntsville, new locations will be opening in those markets. The opportunity here is you can purchase 2 fully operational profit generating markets that are needing owner oversight to grow to their full potential.

Due to the shops being absentee operated locations the owner has not even scratched the surface of opportunity the market offers. This is especially so with the mobile unit. They have not taken advantage of the events taking place in Fairhope and Foley throughout the year.

This includes two profitable Ritas serving the Fairhope and Foley market plus a mobile unit.

This Rita's Fairhope location was built to support full mobile operations in addition to store operations, therefore a mobile license to operate three mobile carts is included in the sale of this property. Fairhope and the surrounding communities provide significant opportunities to expand sales while opening marketing opportunities through mobile operations.

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Property Features and Assets:

Fairhope location is located in an easy to reach shopping center off of major highways. Surrounded by residential neighborhoods, churches, schools and commercial businesses. The shopping center is in the process of having upgraded anchor tenants added. PetSmart and Hardee's soon to be converted to Starbucks. These businesses will increase traffic in this shopping center dramatically. Foley location is in just as nice of a spot across from the outlet malls.

Market Competition and Expansion:

The business is profitable operating under a minimal use of assets. The opportunity comes with a brick and mortar location a mobile unit. The owner is doing very little outside events. New owner can increase profits by utilizing the mobile unit.

Reason for Selling:

Area developer expanding

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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