Asking Price: $125,000 Gross Revenue: $170,000Cash Flow: $24,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,000 included in asking priceFF&E: $60,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
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.
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.
Franchise opportunity Rita’s Italian Ice in Middletown, NY
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or stake in the sale of this business and has not verified any of the information
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