Search Active Businesses for Sale Here


Rita's Water Ice

Related Off-Market Searches:

Philadelphia Co., PA   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale

Business Description

Successful fast food franchise in an active commercial area
of Eastern Pennsylvania with a huge population of residents
and businesses and close to a major intersection. This
location has onsite parking in an urban heavy vehicle and
pedestrian traffic neighborhood. This business opportunity
affords the owner to take off 3 to 4 months yearly. The facility
is close to a new active public school with thousands of
young students. Rita s originated in 1984 and has now
developed to a well know company with 561 locations in 18
states. This location was opened in 1999 with a new design
and this location is opened from March 1 to October. Rita s
has been consistently ranked as a top desert franchises in
the United States. The products that are offered include
water ice, Gelati s, Minto s, Blendini s, pretzels, and water.
This store has had a yearly increase in sales each year of
operation and expects a substantial growth for the 2012 year.
The sale includes a full commercial kitchen specifically for
this Ice food product, refrigeration, POS computer system,
numerous displays, etc. The facility has a Fast Food walk up
counter which serves a large volume of customers. Parking:
Ample private and municipal parking is available and part of
the lease agreement. The business is active seven months
yearly with hours from 11:00 am to 9:00 pm, seven days per
week. The business requires franchise approval to serve this
food product. The sale includes a long term corporate lease
agreement with a yearly rent of $17,500. Public utilities,
water, gas, electric, telephone and a complete expense list
are available. The business has a substantial markup due to
the low cost of goods with an average gross margin of 70%.
The present owner is absentee and will offer training and
post closing assistance to the new owner.

About the Business

Year Established:
Number of Employees:
The facility is well maintain, clean modern and consists of 650 square feet with a pleasant atmosphere. The business has a large walk up counter for quick convenient service to the customers it serves. Located in an active area of Philadelphia Pennsylvania and in a modern attractive setting with many other commercial businesses. The business is on a highly trafficked county road with lots of drive by traffic and convenient access to the facility.
Market Outlook/
The owner is presently absentee and with on site management and an improved marketing plan the business can be further developed. The franchise and seller will supply a non compete agreement for this particular location.

About the Sale

Reason For Selling:
Absentee owner and in an alternative industry.
Seller will supply a full transitional period to the new operator and will remain post closing for sixty days after closing.
Seller Financing:
Seller financing available to qualified buyers.

Listing Info

BizQuest Listing ID:
Ad Detail Views:
Asking Price:
Get Financing
Gross Revenue:
Cash Flow:
Real Estate:
Share this business:

Business Listed by
Ron Cervelli
Regal Consulting Corp.
View All of My Listings

U.S. Census Data for Philadelphia County, PA



Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Philadelphia County, PA


Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Similar Listings

The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.