Ritas Italian Ice Franchise w/10 year lease

BROOKLYN, New York

Asking Price $349,000 Year Established 2024
Annual Revenue $0 Reason for Selling Other Interests  
Annual P/L $0 Attention Elliot Dweck
Annual Cash Flow $0 Listing Number 1006176  
# of Employees 1 Business Category Food & Beverage: Coffee, Cafe, Dessert

Business Overview:

Ritas Italian Ice Franchise w/10 year lease at only $2500/month!

Rita's Italian Ice & Frozen Custard is a well known franchise ices brand. This store is located in Coney Island on Surf Avenue, which is the perfect area for a Rita's store. This brand new store is located in the busy Coney Island train station with an extremely below market rent of just $2,500 with a new 10 year lease. Owner spent 350k acquiring the franchise license and building out the space last year. Sale includes 130k of new equipment. This store was just relocated 2 blocks down and the former location did over 600k/year. Seller will pay any transfer/franchise fees due. Rita's does not collect any royalty on sales.

Property Features and Assets:

Market Competition and Expansion:

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is a franchise resale opportunity

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