Rita's Water Ice - Netting $82,000

Not Disclosed, NJ

Asking Price: Annual Revenue:
$125,000 $246,416

Food & Beverage: Coffee, Cafe, Dessert

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RE: Rita's Water Ice - Netting $82,000 Broker: Joe Chiarello

Quick Facts

Asking Price: $125,000
Annual Revenue: $246,416
Net Profit: $82,821
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 9
BBN Listing #: 11524955
Broker Reference #: 3403-15418

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Business Overview:

In the 2020 season, they were up 28% in sales from previous year and have had 5 years of straight increased sales! This is a pandemic proof business! They are opening right now for 2021 season so get in now! A new lease is in place with a reduction of $600 a month saving. A new owner will get an extra $7,200 more a year to their net income! The warm weather is around the corner so do not miss this opportunity to make great money for a business that is only open for 7.5 months netting $82,000!

This store is fully staffed for 2021 season and run absentee!!! This is a seasonal business operating 7.5 months a year. Room for growth, strong brand recognition, seasonal, increasing sales.

There is a large strip center across the street. Dunkin Donuts, Quick Check. Regional high school down the street. This business is ideal for a hands-on owner.

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Property Features and Assets:

Assets = $255,000

Reason for Selling:

Downsizing from 3 to 2 businesses.

Additional Details:

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

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