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Rita's Water Ice

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Philadelphia Co., Pennsylvania  |   Food and Beverage Businesses for Sale  – Restaurants for Sale   |  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:
1999
Number of Employees:
Five
Facilities:
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/
Competition:
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.
Training/Support:
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

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BizQuest Listing ID:
1080156
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1077
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Business Listed by
Ron Cervelli
Regal Consulting Corp.
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