Franchise opportunity Rita’s Italian Ice in Middletown, NY

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Asking Price:
$125,000

Gross Revenue:
$170,000
Cash Flow:
$24,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$60,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is a great opportunity get into a Rita’s Italian Ices Franchise, This is a retail dessert franchise operating since 2003. This is a family destination for dessert and family gatherings. They have over 1700 followers on their Facebook page. Rita's is well known in the community. Best in the area and they have only been open since summer of 2016. Great opportunity to have fun and only work part time.

About the Business

Year Established:
2003
Number of Employees:
12 PT
Franchise:
Yes
Facilities:
The store is a 1,500 square foot free-standing building in a plaza with a Rite-Aid Pharmacy and the landlord's Storage Facility.
Market Outlook/
Competition:
Middletown Area including Minisink school district, upper Goshen and clients as far as Pine Bush. Large traffic base from the local market as well as the College up the hill.
Growth & Expansion:
The Market is stable and future growth is immanent. A major Amusement Center, Legoland has been approved to build and will be less than 10 miles away. Resort World Casino and Resort is opening in the spring of 2018 and will bring a large amount of tourists to the Orange & Sullivan County areas.
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About the Sale

Reason For Selling:
Seller may be moving out of the area.
Training/Support:
The seller will help with training.
Seller Financing:
Negotiable

Listing Info

ID:
1461293
Ad Detail Views:
395

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Business Listed by

Capital Business Solutions

CAPITAL BUSINESS SOLUTIONS

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

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