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RE:  Philadelphia Rita's Italian Ice Franchise Contact:  Robin Gagnon

Quick Facts

Asking Price: $225,000
Annual Revenue: $197,934
Net Profit: Not Disclosed
Cash Flow: $78,071
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 10
BBN Listing #: 86708096
Broker Reference #: 9486

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Business Overview:

Here's your chance to take over a money-making Rita's Italian Ice Franchise for Sale in Philadelphia today! SBA Lending Available for Qualified Buyers. Are you ready? It will be worth every penny - just think of all those dollars that will be rolling into YOUR pocket from the beginning! $197,934 in sales are generating $78,000 for an owner operator! Located in Philadelphia Market with great access to corporate support! This store has had substantial growth and steady growth since opening in 2015. Ideal location in that is within walking distance to schools, restaurants, retailers, apartments and the park! This means you have a steady stream of customers always stopping in at this Rita's Italian Ice Franchise for Sale! The use of their trademark, processes, and systems are part of the success of this Rita's Italian Ice Franchise for Sale offered by We Sell Restaurants. Royalties are 6% and are charged on sales. The marketing to promote this brand across the country is 2% of sales. The reasons for buying an existing Franchise like this Rita's Italian Ice Franchise for Sale include verifiable results and the security of existing cash flow and a proven location. This 1200 square foot space that also has basement storage has a proven track record. The lease rate is $1800 RE Tax (NNN) per month. The initial lease will be 5-years and additional options to renew can be discussed with the landlord. The other benefit of buying a successful and profitable Rita's Italian Ice Franchise for Sale like this one is the opportunity for lending. Our SBA and conventional lenders have already approved the business based on the strong cash flow and proven results. Bring just 20% to the table and your own good credit and experience. Buying a major brand like Rita's Italian Ice Franchise for Sale can be an excellent investment with the support and training available. The Franchisor will provide you all of your needs, including hands-on coaching in the beginning! You also get access to valuable resources that are constantly updated, and have support team built in. Want to know the best kept secret about this Rita's Italian Ice Franchise for Sale? The SEASON! An owner/operator of this location can earn $78,000 working just nine months a year! Spend the winter somewhere sunny and warm and come back to operate your profitable location throughout the spring, summer, and fall. This Rita's Italian Ice Franchise for Sale is a fantastic deal for anyone looking for a profitable location, but doesn't want the headaches typically associated with the Restaurant Industry! Hurry this sweet deal won't last long! By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.

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Property Features and Assets:

Full Equipment list to be provided by the Seller within 48 hours of execution of asset purchase agreement by both parties

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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Asking Price: $549,000

Rita's Ice Franchise Resale in Philly

Philadelphia, PA
Philadelphia County

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

Cash Flow $170,403
Revenue $532,741 is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!

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