Rita's Italian Ice NV Area Developer!

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Asking Price:
$80,045

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

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

Real Estate:
 Not Disclosed

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Business Description

PRICE REDUCED FOR QUICK SALE!
PRICE CUT IN HALF.
OFFERS A DEVELOPER SERIOUS CASH FLOW.

The owner has successfully developed Rita's area in CA and purchased the NV market but has been too busy with his CA market and other business to develop NV. Summer is coming and a person with the skills of a true developer can capitalize on this opportunity to build a business that will grow to offer security well into the future.

This is an incredible opportunity to own the area developer rights for Rita's Italian Ice for 15 locations in NV. Current owner is absentee living in CA with a full-time corporate job and was unable to develop the market.

How do you know when a franchise brand is doing well for its franchisees? Look at how many are being resold. For 600 plus locations, Rita's has one of the lowest numbers of available resale opportunities of a franchisor. People who own Rita's tend to keep them longer because they generate such good returns.

In addition to the area developer rights, the opportunity comes with two license agreements worth $30,000 each.

From a front porch in Philly to an international presence, Rita’s Italian Ice franchise has become one of the most beloved frozen treat businesses in the world! Compare Rita's Italian Ice businesses to any of the ice cream and yogurt opportunities out there and you will see why this 34-year-old franchise is the favorite over all others.
• Nation’s No. 1 Franchise Among Specialty Ices - Entrepreneur
• Top 100 in Entrepreneur’s Franchise 500
• Top 25 Franchise High Performer - Wall Street Journal
• Best Custard/Ice Cream - Zagat’s
• No. 2 among “Chains ranked by likelihood of customer return” - Nation’s Restaurant News

About the Business

Location:
Las Vegas, Nevada
Year Established:
2016
Franchise:
Yes
Facilities:
Available Ritas in Clark County and other counties. This includes Las Vegas! Own the rights to develop or open 15 locations.
Website:
www.ritasice.com/
Market Outlook/
Competition:
Rita’s franchise into a flexible array of spaces, so that you can take advantage of a great spot with potentially lower real estate costs. Franchisees can operate walk-up or walk-in stores with outdoor seating or indoor seating. We have in-line, end cap, free-standing and food court locations, and some even have drive-thrus for added guest convenience. It’s all about finding what footprint works best, in the best space available.

Rita’s is a high-margin business. With simple operations and lower cost of goods compared to other foodservice brands, Rita’s franchise owners appreciate the chance to grow their revenues and their business through multi-unit ownership.
Growth & Expansion:
With more than 600 locations in the United States and worldwide, Rita’s is already a big name, and our potential is even bigger. Rita's offer a scalable business for growth-focused entrepreneurs, with multiple ways to reach more guests and add revenue streams. Whether you’re looking to start with one store or a multi-unit agreement, we have plenty of room for you nationwide.

Rita’s marketing efforts and community involvement boost business for franchisees by making them a neighborhood staple.
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About the Sale

Reason For Selling:
Absentee living in CA. Needs a local developer.
Training/Support:
Complete support and training from Franchisor. Rita's has one of the most successful business training schools among franchisors.
Seller Financing:
To qualified buyers 50% down balance over 12 months

Listing Info

ID:
1496858
Ad Detail Views:
647

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