Profitable Rita's Must Sell Incredible Deal!

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Asking Price:
$150,000

Gross Revenue:
$173,000
Cash Flow:
$38,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$85,000
included in asking price

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Business Description

This is a 1st class standalone Full Size Rita's Italian Ice located at a busy crossroads. The Ritas was open in 2006 and has been owner operated since opening. Open March 1st - Oct 31st it is the first Rita's designed to have all three "Points-of-Sale"
#1) Two Dual Walk-Up Windows, with a 28 seat patio, 4 Selling Points (max), 2 Cash Register
#2) Indoor Lobby, with 12 seats, 1 Cash Register
#3) Drive-Up, with Order Board around back and Drive-Up Window on the side of the building, 1 Cash Register

The seller is offering two options for purchase. They can purchase the brick and mortar location as well as the mobile unit which has been greatly discounted, or they can purchase the brick and mortar only. The mobile business has the potential to generate an additional $40,000 in sales depending on how many events the owner does.

Due to a serious health issue, the owner is forced to sell. This is a very serious illness and forced her to not open the business for several months, she must sell quickly which means at a greatly reduced price. The listing price includes the mobile unit and a new 10-year license. The brick and mortar location has generated sales from $215,000 range and the additional mobile unit can bring them well over $250,000 but she has not operated the mobile unit for 2 years.

Optional: Included in Asking Price
The mobile unit includes a Nelson Cart + Cold Plate Freezer, 7x14 Trailer + fairly low mileage 2010 F-150

About the Business

Location:
North Lima, Ohio
Year Established:
2006
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,200
Rent:
$1,150.00 Per Month
Lease Expiration:
4/2/2026
Facilities:
Located at crossroads of a busy highway.
Market Outlook/
Competition:
The business serves the community and offers a great deal of upside when the mobile unit is operated.
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About the Sale

Reason For Selling:
Very serious illness
Training/Support:
Rita's will give the new owner full training.

Listing Info

ID:
1613743
Ad Detail Views:
0

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U.S. Census Data for Mahoning County, OH
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Mahoning County, OH
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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.


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