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RE:  Rita's Ice Franchise Resale In Philly Contact:  Robin Gagnon

Quick Facts

Asking Price: $549,000
Annual Revenue: $532,741
Net Profit: Not Disclosed
Cash Flow: $170,403
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 50
BBN Listing #: 25078096
Broker Reference #: 9616

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Business Overview:

Here's an Incredibly High Earning Rita's Italian Ice Franchise for Sale that includes TWO separate venue locations. This opportunity is seeing High Earnings of $170,000. One brick and mortar and two venue locations makes it as if you are getting THREE profitable locations for the price of one! SBA lending no problem on a money-maker like this one! Another lucrative contract will be signed to bring in and estimated $200,000 in additional revenue and $50,000 in profit! This Rita's Italian Ice Franchise for Sale could not be in a better area than Philadelphia which is Rita's Territory i.e Rita's Franchise Corp is based in Philadelphia suburb! The past 5 years have shown consistent growth in this location and within the franchise brand. Frozen dessert businesses continue to be a consistent choice by families no matter economic/social conditions (recession, inflation, pandemic), you really could not ask for a better place to purchase a Franchises for sale! This High Six-Figure Earning Rita's Italian Ice Franchise for Sale will qualify for SBA lending and you will be approved in no time at all! When you bring 20% percent to the table, the rest will be financed over the span of 10 years! We Sell Restaurants can get you in touch with one of our SBA lenders and you can have approval in a matter of days! This Rita's Italian Ice Franchise for Sale operates out of a 1,200 square foot space with an additional 900 square foot basement that offers plenty of storage! The lease is valid through 2024 and includes an additional 5-year option to renew. What makes this Rita's Italian Ice Franchise for Sale so unique is the Two Separate Venue locations! Not only do you get one profitable location, but what's driving these sales and earnings are the additional revenue streams of these venues. The sellers have also just secured another lucrative contract that are projected to increase profits by approximately $50,000. There is another potential contract in negotiation. The seller is continuing to solicit new event contracts for expanding the off premise business. Current pricing based on 2022 earnings and profits. New contracts may be subject to renegotiated terms. Seller may be willing to remain in some capacity for business development. This is a rare opportunity to purchase a simple to run and operate concept with MASSIVE returns! Did we mention it's seasonality? When you purchase this Rita's Italian Ice Franchise for Sale you aren't staying open late nights, dealing with liquor licenses, permits for alcohol, and having to have tons of staff! You get incredibly high earnings all in nine months a year! Take your earnings and travel during the winter, or just relax and unwind for four months, when you are the boss you get to choose! Don't worry about joining a brand that you aren't experienced with! When you purchase this Franchises for sale, you will be getting all the training and continued support that comes with this well-known brand! The franchise transfer fee of 17500.00 ( and $7500/venue)is charged by the brand to cover your training and the remaining term of the franchise agreement. Royalties for this Franchises for sale are a reasonable 6% of sales. The marketing fees are charged by the brand for countrywide promotional purposes and are just 2% percent of sales. Are you ready to join this winning brand by purchasing this Franchises for sale? Contact the restaurant brokers today! By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications

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Property Features and Assets:

2 Electrofreeze Custard Machine 1 Electrofreeze Batch Machine 1 Batch Machine 2 Nelson Dip Boxes Dip Box 1 Nelson Display Dip Box 1 Beverarage Air 1 door Freezer 1 beverage Air 2 doorFreezer 1 Beverage Air 2 door Refridgerator 1 Beverage Tabletop Refridgerator 2 HB Mix n Chill Mixer 2 Foot Pedals Foot Petal 4Work Tables 2 Hand Sinks Three Bowl Sink wire rack 5 Dunnage Racks Topping Warmer 10 NFS Shelving Mop Sink Signage External Awning Signage Exterior 1 Box Sign 3 Window Signage POP2 window 1 door 1 Windmaster Sign Mascot Uniform Sound System Security System Small Ware Buckets60 Measuring Cups Recipe Holder Ice Scoops Trash Cans Logo Napkin Holders Mop Broom Pan etc 2Register Clover POS System 2 Credit Card Machine Clover POS System 2 Vtech Telephones

Market Competition and Expansion:

Frozen dessert tradition/brand in the Philadelphia market, large population in 2 mile radius, several schools/retail shopping areas in surrounding area

Reason for Selling:

Relocation

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is a franchise resale opportunity

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