Business For Sale

Rita's of Kent

Kent, WA
King County

Asking Price: Annual Revenue:
$285,000 $217,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Rita's of Kent Broker: Robert Mundie
License #: 26750

Quick Facts

Asking Price: $285,000
Annual Revenue: $217,000
Net Profit: Not Disclosed
Cash Flow: $11,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 16
BBN Listing #: 358345160
Broker Reference #: SEA01WA001-N384

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Business Overview:

This is an opportunity for a business owner to enter the market with a growing national franchise, Rita’s Italian Ice and Frozen Custard, now firmly planted on the west coast in CA, NV, AZ and WA with over 600 locations nationwide. This store is centrally located in Kent WA at the Marketplace at Lake Meridian, in close proximity to "good neighbors" including Trader Joes, 24 Hour Fitness, Bartell Drugs, Mod Pizza and many more. A new owner has strong growth opportunities by adding catering, mobile and satellite sales. The store has performed well relative to its comparable peers early on, social media ratings are consistently high, and the store has invested strongly in community presence (school events, catering, Little League, etc) resulting in strong customer loyalty and return frequency. Strong sales growth can be readily accomplished by growing the still relatively untapped catering and mobile events markets, the stores forthcoming launch of additional warm baked goods, and the as yet unused "fixed satellite location" portion of the franchise agreement. As a courtesy to current staff, please communicate about this opportunity in a confidential manner with KR Business Brokers only. Owner is selling for relocation reasons. This is a perfect opportunity for you to own this growing franchised business, by getting in early before additional stores are developed throughout the state.

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Property Features and Assets:

Real Estate License ID: 26750

Reason for Selling:

Out of State Owner

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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