Rita's Italian Ice! Established Since 1994!

Not Disclosed, DE

Asking Price: Annual Revenue:
$189,900 $229,635

Food & Beverage: Coffee, Cafe, Dessert

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RE: Rita's Italian Ice! Established Since 1994! Broker: Joseph Chiarello

Quick Facts

Asking Price: $189,900
Annual Revenue: $229,635
Net Profit: Not Disclosed
Cash Flow: $74,995
Total Debt: Not Disclosed
FF&E: $110,000
Real Estate: Not Disclosed
Year Established: 1994
Employees: 12
BBN Listing #: 84754955
Broker Reference #: 2702-14669

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Business Overview:

Rita’s Water Ice is a well know franchise for Ice, Custard and Happiness! This store was the first Rita's in Delaware, opened in 1994, so it has a lot of history! Some guests have been "regulars" here for awhile and keep returning each season. This Rita's has very clean tax returns which allows for bank financing. We already have a Pre-qual letter from bank to loan to a buyer with only putting down 20%. The building is stand alone with its own parking lot. Rita’s is a fun, fast paced business to own and only opened for 7 months out of the year!

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Property Features and Assets:

Stand alone building. Total square feet 1075. Total Assets Included: $208,500

Reason for Selling:

Owners wish to retire.

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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